Now travel time to Bangalore from mysore has been reduced to a mere 2 hours, thanks to the track doubling work that took place recently. This has also given rise to increase in investment in real estate in Mysore. There is also a creation of jobs this way, and more people have salaries to invest in property.
Hey the age at which people usually buy houses is coming down with increased salaries and bigger responsibilies and what not. This is the current situation in Mysore. Many people of the age 'serious house buying age' live here. So real estate sector in Mysore is doing quite well.
Now with rapid industrialization of Mysore, there are more people in age bracket of 35 to 50 years old. Many people like to get second homes in Mysore or retirement homes.
I remember in 2001, this figure was just a mere 2850 hectares. Now there's an increase in residental space by 114%. That shows good growth and development also.
Yeah that's right. Mysore was supposed to be spread out to 15,600 hectares by 2011-12. That is roughly 156 square km. Of this, the total area for residential space was supposed to be 6098 hectares.
Hey the City development Plan that was submitted under the JNNURM has anticipated that Mysore is going to witness expansion of the city. the city was to become bigger by 2012, as per the 2005 survey.
It is a possibility that satellite towns are going to come up in Mysore because there is not much land opportunites in the main city itself. people will start looking to purchase in the outskirts. Also property prices in Mysore have increased and many people can't afford it.
That's right..also now there's a question of whether the population explosions is going to lead to vertical or horizontal expansion. Will more constructions and projects come up on land or will more apartmenst come up because of lack of land?
Sure the population of Mysore is growing, which is great! But what about the consequences of this population growth? Is that not being studied? I think Mysore's current state of infrastructure facilities is not suffieicnt enough to meet the growing demand for it.
There is going to be lot more pressure on land and demand for housing as Mysore's population count is going to cross the 15.7 lakh mark by 2020 and 22 lakh by 2030.
I think currently there is an ongoing census and it is calculating mysore's population growth rates and all that. It has broken into 50 “million-plus” cities in India, and will get the tag of 'metropolitan' very soon.
The demographic pattern of Mysore is changing and this is bringing a lot of development to the city. That's why it is going to be considered for a metropolitan status.