Increase in sales for commercial, residential and retail projects

Q: How much appreciation is found in sale for commercial, residential markets and retail projects during the last few years ?

Abhilasha, Bangalore

24th July 2013

Real estate News in Mysore

real estate news

commercial property investment

residential market

retail projects

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There are good retail malls are coming up BM Habitat Mall, Mall of Mysore, Mysore – Prozone, and Garuda . Khitiz group, Shobha group, Unitech Group also has some retail planned here. The retails rents are gradually picking up. The BMIC will also have 3-4 malls being planned. On the Bangalore-Mysore corridor, software giant Infosys and Wipro have already come up with their training centers. Mphasis, the first American corporation, Accenture, IBM, Cognizant Technologies and Honeywell are some of the others, who are following these Indian companies. Apart from IT other big companies like S Kumars, Kirloskars Gensets, VenlonPolysters, Reid and Taylor, Larsen and Tourbo and Bharath Earth Movers have also a firm foothold in the city from the past many years.

Supratim,

24th July 2013

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Large chunks of land at good location and prices are in great demand, especially on the north-eastern parts of the city which is the doorway of the city from Bangalore.

Kalki K,

24th July 2013

What is the price range for apartments and villas here ?

Vivek Kulkarni,

24th July 2013

Residential apartment and villas are any where between 2000 Rs/sft-3500 Rs/sft. But surprisingly the city has about 8% of properties in the range of 3500 Rs/sft to 5000 Rs/sft.The plots are any where between 700 Rs/Sft to 1600 Rs/Sft.

Supratim,

24th July 2013

What about the growth in next 2 years ?

Vivek Kulkarni,

24th July 2013

It might grow another 20% in next 2 years.

Supratim,

24th July 2013

Thank you all for the information.

Vivek Kulkarni,

24th July 2013

Mysore residential markets saw tremendous growth in early 2000.Land prices have doubled in last 10 years. Corporate giants are searching for cities beyond the expensive Bangalore real estate market. Mysore is turning out to be high option for investment due to its proximity to Bangalore, good climate, decent infrastructure.

and low land prices compared to Bangalore.

Javed,

24th July 2013

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