Vijayanagar in Mysore offers many 3 BHK apartment options
Vijayanagar, located about 6 km from the heart of Mysore city along its north-western fringes, is fast developing as a prominent residential area. Many prominent apartment projects are developing here in recent times. According to data listed with CommonFloor, Vijayanagar has the maximum number of 3 BHK apartments available for sale followed by other areas such as JP Nagar, Yadavagiri, Jayalakshmipuram and Lalitha Mahal Palace, amongst others.
Advantages of Vijayanagar
The most important advantage of Vijayanagar is that it is a prominent residential hub in the city. Some of the important landmarks in the area are reputed educational institutions like Podar International School, St Joseph’s Central School and Vidya Vardhaka College of Engineering. Besides, the area has many important facilities like hospitals, religious institutions, banks, restaurants, shopping centers and parks, among others.
Realty Scenario and Developers
Among all 3 BHK apartments available for sale in Vijayanagar, about 56 per cent are priced between Rs 50 lakh to Rs 1 crore, 25 per cent between Rs 40-50 lakh and about 19 per cent between Rs 1-1.5 crore. The area of such units range between 1500 sq. ft. to 2000 sq. ft. Some of the important completed 3 BHK apartment projects in the area are Bhandari Aura by Bhandari Associates, Nandan Astra by Nandan Buildcon and Sanjay Selenite by Sanjay Developers, among others. There are also many prominent upcoming 3 BHK apartments here. They include Lodha Belmondo by Lodha Group, Blue Ridge by Paranjape Schemes Constructions and Park Titanium by Pride Purple Group, among others.
Future Prospects
Vijayanagar has the prospect of developing into a prominent area for larger apartments, particularly in 3 BHK and more configurations. This is primarily due to the availability of large parcels of developable land in the area. Besides, the area has the potential for developing villas with 4 BHKs as well. However, since larger units involve higher expenditure, people with higher incomes and more wealth should be willing to invest in the area. For this it is imperative that the infrastructure of the area develops sufficiently.
