Devaraja Market Locality Review

Q: Should I invest in real estate near the Devaraja Market?

navya shree, Mysore

3rd June 2014

Locality Review in Mysore

investment advice

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buying property in mysore

apartments in devaraja market

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Replies (3)

Hey, if the Devaraja Market is finally refurbished as proclaimed by the MCC, then I think it will be a good idea to invest in real estate around this area. But you must take care not to go for residential areas too close to the market. People tend to avoid living too close to noisy commercial areas. Find a property that is accessible from the market at the same time not too close to the noise and traffic of the market.

Reshma Nayak, Mysore

7th June 2014

Comment

Hey, the Devaraja Market is more likely to be demolished rather than being refurbished. The construction is really weak and every monsoon season brings about some damage to this heritage structure. So the MCC is planning to completely tear the market down and build it up from scratch. They want to build a bigger parking space. People don’t want to come to this market because of inadequate parking space.
But the shopkeepers are not very happy about this demolition, as they want to retain their shops and they are claiming that they will renovate the shops themselves.
So there is a lot of complications involved with this issue. So I would advise you against investing in this area.

manisha kumari, Mysore

5th June 2014

Comment

There are talks of renovating the Devaraja Market by the Mysore City Corporation. If that happens, then real estate around this area would really pick up.First, you need to find out if the renovation is really happening or not. Next, check out whatever new upcoming projects in the nearby area, because people are more likely to invest in new houses rather than old ones. There is no point in investing in this area, if the situation around Devaraja Market doesn’t improve."

Raveena Javali, Mysore

4th June 2014

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