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Home > Forum > Mysore > Other > Role of Mysore tourism on real estate growth

Role of Mysore tourism on real estate growth

Q: How is the hospitality industry doing in Mysore. I think a good hospitality sector direclty affects the tourism industry in a city like Mysore. Im asking becoz Im interested in investing in the city, and I want to figure out the potential for future growth here. Thanks in advance :)

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Replies (10)
1
He has also asked for seven years of tax exemption like the major industries to encourage tourism industry.
Saurabh Nair


2
Dasara Tourism Committee Chairman Sudhakar Shetty said the govt should announce a 30% subsidy for investments in Mysore city and the region to set up hotels.
Deepesh Gowda


3
Soon there will be the new botanical gardens at the foothills of the Chamundi hills. The CM believes that this will enable that the tourists stay for longer time spans.
Swathi Dani


4
Hunsur taluk also has a 30% subsidy rate, we can expect mysore city also to see subsidies on investments, following the new tourism policy from oct 20 of this year.
Reshma Nayak


5
Currently subsidies are offered by the state govt for investing in the neighbouring districts of Periyapatna, T Narsipur and HD kote taluks.
Vijay Karthik


6
definitely this will promote Mysore real estate. Already it has given a boost to the cities jop openings. both direct and indirect empoloyment opportunities have been generated thanks to the hospitality sector.
H. P. Ramesh


7
Arey, not just this, I bet there are many hotels and resorts in the backward taluks as well. Though, only 20 hotels registered and availed benefits from the Tourism Department between 2009- 2014
Raveena Javali


8
Can you believe it, almost 30 lakh people visit Mysore every year. And that is also the recorded number, the actual number is way more than that.
Savitri Hiremath


9
Well obviously this growth will happen. There were at least 40 new hotels built over these few years, and 16 of them were high end ones.
navya shree


10
Yes especially in the past 3 years, it has emerged as one of the favorite tourist destination spots in the country.
Ranjitha srikumar


11

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