Q: Hi I recently bought a home in Vijaynagar extension but I still don't know much about the area. Can someone tell me what sort of factors brought about high demand for property inthis locality? Do you think it is a wise choice to invest here?
See the best thing about this locality is that its close to the ORR. Because of the large scale developments on the ORR, there have been price appreciations in Vijayanagar extension as well. A 240 yard land in Vijayanagar extn that used to cost Rs 1.5 lakh 5 years ago, now fetches close to 5 lakh rs on the market. Even agricultural land is 10 times more expensive in this area.
The reason why there is such a big demand for property here is mainly because Vijaynagar is known as a residential hub of Mysore having a number of residential projects and many apartment options to choose from. Villas, 2 and 3 bhk apartments, plots, independent houses all are here.
Apartment prices range between 2500 to 3000 rupees per square feet. This shows that housing options in Vijaynagar are still relatively cheap yet having good appreciation rates.
Hey Vijaynagar is strategically located on the ring road and is on the north western part of Mysore. Hunsur road runs diagnally across which also greatly helps with connectivity.
Vijaynagar in Mysore is a very good locality to live in because there are many upcoming residential projects coming up here, and good infrastructural facilities. Mostly here you will find 2 and 3 bhk apartments.