Vishweshwara Nagar in Mysore sees potential for residential growth
Vishweshwara Nagar, which is located about 3 km south of the heart of Mysore city is fast developing into a much sought-after destination for residential realty. Besides being renowned for its availability for affordable residential property, it also offers various other advantages. They include its excellent connectivity due to its strategic location close to many major roads as well as its closeness to many other important residential destinations in the city.
Connectivity
Vishweshwara Nagar is well connected to other areas across the city due to its strategic location in the center of many major roads connecting the city internally as well as to areas outside the city. It is surrounded by some major roads inter-state roads like the Kozhikode-Mysore-Kollegal Highway on its east, the Mananthavadi Road on its west and the Nilgiri Road along its northern periphery. Besides, the Ring Road which connects the area to other areas across the city passes through its southern fringe. The Link Road connecting the Mananthavadi Road with the Kozhikode-Mysore-Kollegal Highway, passes through the area. The nearest railway station from the area is the Ashokapuram railway station situated about 4 km away, while the Mysore Airport is just about 7 km south of Vishweshwara Nagar.
Infrastructure
Vishweshwara Nagar is making rapid strides in terms of infrastructure development. Some of the reputed schools in the area are Maharshi Public School, St.Thomas School and Prabhodini School, among others. Some of the prestigious colleges in the area include the National Institute of Engineering, NIE Engineering College and Hindustan College of Management and Applied Science, among others. There are also many important health-care facilities in the area like the Sinchama Child Care Clinic, Sumuka Diabetis Center and Poly Clinic and the Devi Kid Care Clinic, among others. Some of the important religious institutions in the area are the Shri Rajarajeshwari temple, the Shaneshwara temple and the Masjid-e-Rahamaniya, among others. Besides, there are also many banks, shopping centers, restaurants, among other facilities. The area is also renowned for being a dumping ground for solid waste as well as housing a sewage treatment plant cum farm, together covering more than a third of the area.
Developers and Realty Scenario
Vishweshwara Nagar, besides being a developing residential micro-market in its own right, has many other important residential areas in its vicinity. They include JP Nagar, Mahadevapura, Gunduroa Nagar, Ashokapuram, Chamundipuram and Bettadpura, among others. The most commonly seen upcoming residential units in the area are 2 and 3BHK apartments. Some of the prominent completed apartment projects in the area are Foundations Prime and Pride by Foundations Developers and Promoters and Premier Royal Castle by Premier Properties, among others. Values for apartment in the area range between Rs 25-45 lakh, with the sq. ft. values ranging between Rs 2,500-3,000.
Future Prospects
Vishweshwara Nagar has the prospect of developing into a prominent residential destination in the years to come. Despite allocating about a third of its total area as a solid waste dumping yard cum sewage plant, there are still many vacant land parcels that can be utilized for many infrastructure development activities. With the improvement in infrastructure facilities, the area will receive a much-needed fillip for residential developers to embark on many more residential projects. As a result, there could be considerable appreciation in residential property prices in future. Investors in land could also expect healthy returns due to the increase in demand for land in future.
