Property demand increases in Bangalore - Mysore highway?
Q: Hey I recently heard about how property appreciation has taken place by the Bangalore Mysore highway. Is this a good place to invest? What sort of activities have propelled this price rise?
When they are planning to start with the up grading work on Bangalore-Mysore Highway? What is the amount required to upgrade the Bangalore-Mysore Highway?
Prices here range between 3500 to 4000 rupees. The good road connectivity and development of infra facilities is the main reasons why demand for property on this highway is escalating.
And it is still rising at a steady pace. This is now an upcoming locality with a number of residential and commercial activities going on. MBR Sinfonia is an example of a prominent residential project on this road that is walkable distance from Mysore city.
Most of demand for property here is by young professionals working in the surrounding localities. Property prices have appreciated by a margin of 60 to 80%.
There's been a 30 to 40% increase in residential activities since the past 2 years. Property prices have appreciated for both resale and new properties.
Well yeah it is a good place to invest. The 4 lane highway from Nayandahalli, Bangalore to V V Puram in Mysore offers brilliant connectivity between the 2 regions. Many IT guys opt for staying in apartments by this highway because it is close to both cities.