Apartment listings in Yadavagiri

Q: Hey how profitable is the real estate in Yadavagiri in Mysore? Any suggestions for 2 bhk residential apartments in the locality?

Reshma Nayak, Mysore

28th July 2014

Locality Review in Yadavagiri, Mysore

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There's another residential apartment called Vaishnavi Sarovar apartments which actually has 2 bhks available right now! All the facilities including swimming pool, club house, wifi, atms, gym and security are provided. The square feet for a 2bhk is around 1400 sq.ft but the price to buy the apartment is on request. It is in a great locality and this seems like exactly the kind of place you're looking for.

Raveena Javali, Mysore

28th July 2014

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Mysore in general is a city that is fast developing. It has many new layouts and extensions where real estate seems to be booming. Yaddavgiri isn't the only good option. There are many. Also think about Billikere, Kuvempu nagar and Hunsur road where it may also be cheaper to buy property but will probably have the same market value and growth trends. MV Ecosphere is an upcoming project on bannur road that looks promising. A gated community having all the facilities will surely be the perfect place to invest in 2bhk apartments. I think the price per sq feet is 750 bucks but I'm not sure whether this MV Ecosphere currently has only plots or apartments as well. If anyone has any information on that then please keep me posted!

Savitri Hiremath, Mysore

28th July 2014

Comment

That's true, it has great potential! I just saw a graph here http://www.commonfloor.com/yadavagiri-mysore/lvp-4vkw7n that showed 80% of property is in the form of apartments and about 11% are villas. Right now, there are about 23 listings for sale, 14 for rent and 12 upcoming projects. That tells you that property value is ranked pretty high in this area. Buying an apartment might be quite expensive but if you look at the long term benefits, the property value is appreciating at a really fast pace.

navya shree, Mysore

28th July 2014

Comment

Yaddavagiri is one of the prime localities in Mysore. The price per square feet has been fluctuating every 2 months just between last year and this year. Initially the price per sq.ft was roughly Rs 3500 in the October to December quarter in the year 2012. In January 2012 the price appreciated to Rs 3700, by April the price was Rs 3723, by June it became Rs 3725, by October it became Rs 3729 and by january 2014 it escalated to rs 3750. I think the reason for the high demand in property in this area is because it is centrally located and all important centres of the city are in close proximity. The area has great scope for investment!

Ranjitha srikumar, Mysore

28th July 2014

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