Investment advice on Mysore road

Q: Hi I am planning to buy a property in Mysore road. How is the Locality for investment purpose?

Pratap, Bangalore

10th December 2013

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Replies (13)

Mysuru is always favorite among the property buyers because of abundant water supply, conducive climate, far less pollution when compared to bigger cities and easier traffic. Ever NRI's wants to upgrade their property and Mysuru is popular.

Gurmeet,

17th April 2015

Comment

Which are the most preferred localities in Mysore and what is the price range of apartments in Mysore?

Omar Khureshi, Bangalore

18th April 2015

Active localities in Mysore are as follows Yadavgiri, Vijaynagar Ext, JP Nagar and VV Mohalla. The price range of a 2BHK unit falls in the bracket of Rs 30-92 lakh with size varying from 875-1500 sq ft. A 3BHK unit would cost you anywhere between Rs 35 lakh-Rs 1.4 crore for a size range of 1000-2700 sq ft.

Pranab Malakar, Delhi

18th April 2015

Mysore was once known as a sleepy town but now the real estate market is booming because of Infosys taking to developing its campus like a Smart City. Further the real estate market is going to see upward trend because a 3,000 crore proposal to convert the Bengaluru-Mysuru road into a six lane National Highway has also received the Centres nod. KUDOS!! :) :)

Nagesh, Bangalore

17th April 2015

Comment

Yeah really that a good news... People going to invest in this locality is going to fetch good returns in the coming days because a Flim city in Mysore is coming up which will also boost employment opportunity.

Pranab Malakar,

17th April 2015

Mysore Road is known for its low to mid-end projects. People buying residential projects in this area are either government servants or employees from small-scale industries. And yes to some extent from the IT sector.

Gurmeet,

18th March 2015

Comment

Initially Mysore Road has not seen much residential development as there are no strong economic drivers for the area. But now due to Global Tech Village and SEZ by Tanglin Development, along the Mysore Road many residential apartments at this location are coming up.

Neeraj Rao,

18th March 2015

Comment

I second you Mr Neeraj, the area gained the momentum in the residential and retail real estate market because of the close proximity to different educational institutions and industrial developments, and good connectivity from Outer Ring Road, and NICE Road.

Indrajit Kaul, Bangalore

18th March 2015

The real estate market is improving rapidly for which many reputed builders are coming up with their projects in this area such as such as Jain Housing & Constructions, Gopalan Developers, ERA Group, Salarpuria Group Provident Housing and Prestige Group have entered the market. Some of the landmark projects here include Provident Sunworth, Century Indus, ERA Arena Luxurious, Prestige Temple Bells and Salarpuria Melody

Pranab Malakar,

18th March 2015

When they are going to start the four lane road work between Mysore and Nanjangud and widening of NH? What will the construction of the project?

Eklavya, Bangalore

2nd June 2014

Comment

Widening of the National Highway on Kollegal-Kerala borders and four-laning of the road between Mysore and Nanjangud will start from June 7. The road work between Mysore and Nanjangud will cover 21.51 kms which will get completed within 2 years at a cost of Rs 586 crores.

Gurmeet,

2nd June 2014

I am planning to buy an apartment in Mysore Road. Now it is for end use and may be after 2-3 years I might sell it off.

Eklavya, Bangalore

2nd June 2014

Comment

Due to the upgraded connectivity and widening of the Sirsi Circle Flyover for which the real estate market is increasing in this locality. The development of commercial realty are limited in this belt, but over the past few years the residential development has risen with the completion of the of the incomplete stretches of the Outer Ring Road (ORR) in this region.

Pranab Malakar,

2nd June 2014

Thanks for the information. Do you have any idea how to do negotiation with the builders ?

Balwinder Singh,

12th December 2013

Comment

@Balwinder : You can negotiate with your builder to pay a lesser amount for the club membership fee. If you succeed, you can save 20-30% on the fees. You can do negotiations on car parking, as a buyer you can ask for discount on the parking fee. You can also check bank related charges as you can still reduce the price by choosing a suitable bank which can guide you and offer you the best loan scheme with the less interest rates and EMIs.

Gurmeet,

12th December 2013

Which one would the better option for investment residential flats or plots ?

Balwinder Singh,

12th December 2013

As far as I know about Mysore road it will be better option for residential flats than plots if you are
looking for long term investments or enduse, as there are many upcoming projects coming up by reputed builders. Plots or residential lands are good for short term investments.

Gurmeet,

12th December 2013

Mysore road has well laid out physical and social infrastructure in proximity. It also has metro station in the vicinity apart from schools, hospitals and supermarkets which is an added advantage.

Gurmeet,

12th December 2013

Comment

What is the ongoing price trends in Mysore road ? Which are the good projects in Mysore road which is worth investing? Need the price details as well.

Balwinder Singh,

12th December 2013

In the Apr-June quarter of 2013, the locality price depreciated to Rs 4, 0 73per sq. ft. In the July-Sep quarter of 2013, the locality price depreciated to Rs 4,470 per sq. ft. Around 5 perc appreciation has been found in the locality.

Some of the upcoming projects are Mahaveer Greens by Mahaveer Group, Gopalan Olympia by Gopalan Enterprises and Upkar Royal Orchad by Upkar builders. The price would be around Rs 3,843- 4,470 per sq ft.

Gurmeet,

12th December 2013

How is the social infrastructure there and also please help me out with reputed schools and colleges ?

Balwinder Singh,

12th December 2013

Comment

Hospitals such as Hospitals such as ESI Dispensary, Government City Veterinary Hospital, Mysore Road Hitech Hospital and Spandana Hospital Pvt Ltd are within the radius of 7 km.

Some of the reputed educational institutes within the radius of 5 km are Orchids The International School, B M Valley School, St Josephs Boys High School, Manipal Tattava School and ST Lawrence School. Colleges such as Shree Education Society Correspondenc, Sri Sharada Pu College and R V College Of Engineering.

Pranab Malakar,

12th December 2013

Mysore road has world-class shopping malls for fun, shopping and movies. Good for investment and well connected to both the city, up coming business zone and industrial area. It is ideal for all kind of investment like commercial, residential and industries etc. All the facilities are available in this locality.

Gurmeet,

12th December 2013

Comment

How is the accessibility and connectivity from Mysore road to other parts of the city?

Balwinder Singh,

12th December 2013

Comment

The area is well connected with other parts of the city. It is just 13 km from Bangalore City Railway Station and 43 km from Bengaluru International Airport. It has one of the longest flyover in Bangalore it has a satellite bus- stop near timber yard lay-out and metro is coming up as well to offer better connectivity.

MCTC is located near Sirsi Circle Gopalan Mall on Mysore Road. This bus stand has a separate area for out station buses, a depot and separate bays for BMTC buses.

Pranab Malakar,

12th December 2013

Hello Guys, with the metro line extension up to Kengeri in Phase II, covering Nayandahalli, Rajarajeshwarinagar, Bangalore University Cross, RV College of Engineering and Kengeri as well as the widening of the Sirsi Circle flyover up to Nayandahalli, will ease traffic in this busy corridor and aid smooth travel.

Aneek Das,

2nd June 2014

The enlarging of the National Highway between T Narsipur and Kollegal, 2 km road with box drains in Gunglupet town, broadning of 15.90 km road ruining from Gundlupet to Mulehole (Reserve Forest Border) and 9 km road interior to Mysore city with four-lane and box drains will also be taken care of.

Pranab Malakar,

2nd June 2014

Mysore property market is developing at a slow and steady pace, witnessing an average appreciation of
5-10% across the city. Both the rental and capital values of apartments have seen a upward trend. New
multi-storey apartments are also being launched in the city.

Mysore is very well connected to Bangalore and proving to be very advantageous for the city. Most of
the multinational companies set up in Bangalore are moving to Mysore to set up their back hand offices.

Pranab Malakar,

12th December 2013

Comment

@Pratap : It is a very good idea if you are planning to buy property in Mysore road. As far as I know you can get good returns in future as it is an ideal location for families to settle down and also offers great connectivity to all parts of Bangalore. Residential apartments are quiet famous here, It is good for both long term investments as well as enduse purpose.

Vivek Kulkarni,

12th December 2013

Comment