Investment near Narasimharaja Boulevard

Q: With the construction of the Outer Ring Road, how will the return on investment near Narasimharaja Boulevard be affected?

navya shree, Mysore

29th April 2014

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Hey, the construction of the Outer Ring Road won’t take so long, it has been declared that it will be finished within the next 8 months. I think the main problem in Narasimharaja Boulevard is the traffic congestion. If the Outer Ring Road construction is completed then it will take a huge load off the traffic at this place. That might help to improve the real estate situation at Narasimharaja Boulevard. Now, even the existing residents of this area are facing a lot of problems because of extreme traffic congestion.

Ranjitha srikumar, Mysore

21st May 2014

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Hey currently the Narasimharaja Boulevard has to face all the brunt of the traffic travelling from Bannur and Nanjagud. I don’t know when the Outer Ring Road is going to be completed, there is some problem with the construction process. But if it is completed then Narasimharaj Boulevard will be most benefitted. The construction might take another couple of years. And it will take another 3-4 years for the real estate market to pick up its pace around this area. So you have plenty of time to reconsider it.

H. P. Ramesh, Mysore

29th April 2014

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The final stretch of the Outer Ring Road connected Bannur junction with Nanjagud Road is still under construction. Without the ring road, all heavy vehicles travelling between those points have had to travel within the city through the Narasimharaja Boulevard. Once the pending construction is completed, this part of the city will be a lot more valuable on the real estate market.
I think it is a good idea to invest in property near the Narasimharaja Boulevard. Once the Outer Ring Road is ready, more and more people are bound to want to buy property near this area. Property prices will definitely go up here.

Vijay Karthik, Mysore

29th April 2014

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