Require information about the expansion on Multi-storied buildings in Mysore

Q: Hey friends, i came to know that mysore which was once known for its individual row of houses is now turning to multi-storied building. Does anyone have any information about this. Please share it with me.

Rama Gomes, Mysore

24th November 2014

Real estate News in Mysore

mysore real estate

mysore apartments

mysore development

mysore growth

mysore realty updates

mysore real estate news 2014

mysore housing scenario

mysore housing problem

housing problem in mysore

mysore residential problems

residential issues in mysore

mysore land price

Follow Discussion

Also see discussions for

Mysore Real estate News Real estate News in Mysore

Replies (12)

now, there is a shift in the view of the new project too. builders have realized now that those who buy apartments are mostly locals itself. They prefer ready-to-occupy flats rather than investing and paying advance for newly launched projects. this is because many investors were cheated here during the 2008 to 2012 period when there was downward trend in the real estate industry in mysore.

Ranjitha srikumar, Mysore

30th November 2014

Comment

hey, i came to knw that the many builders have emerged in the construction sector. It is surprising to note that there are around 35 to 50 builders in Mysore and over 100 apartments that are in various stages of construction. i feel that the occupancy rates are growing slowly, but steadily in Mysore.

navya shree, Mysore

30th November 2014

Comment

it is true that people always think the better part of it. buying a plot, then constructing a 1200 sq ft house has a great cost actually because of the increase of the labour cost, sand and other construction material cost etc. At this time, people who have plots closer to the city prefer to build flats in the same area in similar dimension.

manisha kumari, Mysore

30th November 2014

Comment

one of my friends who into real estate told me recently that the site value of per sq.ft land in the city differ greatly. If you can see the site value in Kuvempunagar it is about 3500 rupees per sq.ft. but at the same time in places like Visvesvarnagar, the price is almost stagnent over the years. It is only rs. 2500 there.

manish shetty, Mysore

29th November 2014

Comment

definitely, i also know about some other similar cases. One is along the Mysore-Bannur Road and the other one along Mysore-H.D. Kote road. Here, the plots development and selling is very active in this area. but, these are not sold in a ready-to-build state. but, yes, these are great for long term investments and all.

Karan Sharma, Mysore

29th November 2014

Comment

see, in actual sense, there is not a very rapid growth in demand for apartments in the cities. The demand growth is slow, but you can notice the shift easily. the trend is because people prefer flats when they have no option left.

Siddharth Roy, Mysore

28th November 2014

Comment

Yeah, that's the point. but, when you take the case to the place in the Mysore-Hunsur road, you can see that the plot sale is very active there. I was given an approx. info that over 25000 plots have been sold in this area. but, this growth in this area of Mysore is because it is in distance with the main city area and the residents there have very less access to services and amenities.

Reshma Nayak, Mysore

28th November 2014

Comment

it is true, but for working professionals like me, these apartments are preferrable. I can trade off my difficulty to commute, the travel charges, as well as other difficulties to travel from the suburbs for getting easy access to my workplace. And even more, living in the heart of the city allows me a great access to various services, educational institutions, medicare as well as market.

Savitri Hiremath, Mysore

27th November 2014

Comment

Hey, this does not mean that individual houses are not built in Mysore. Even though in a low scale individual houses are still being constructed. one thing to not in this case is that these houses are built on land that were bought long ago when the prices were low.

Swathi Dani, Mysore

27th November 2014

Comment

i see this a real problem there. the real estate prices have skyrocketed that even the salaried classes are not able to buy land there. i dont also think that the prices will ever come down. the situation of the apartments are even worse here. These are a business there and people construct single or customized units, sell them at irrational prices or give them for rent. The aim behind this is to surpass the construction cost.

Akshat Rai, Mysore

26th November 2014

Comment

yeah, there are a number of factors that i can point out for the changing trend in the housing pattern of Mysore. Mysore extends up to vast area, therefore a lot of time is consumed if you travel from the suburbs to the city. Along with the problem of commuting time, there is a very acute scarcity of the residential plots in mysore. This leads people to turn in favor of multi-storied apartments.

Arun Rajan, Mysore

25th November 2014

Comment

What you asked is very relevant nowadays. Mysore is a rapidly developing city and the location of the city also covers a lot of area. But, now there is a paradigm shift in the housing scenario as more and more people are turning to flats and apartments. I think its because of the changing real estate factors.

Janaki Vora, Mysore

24th November 2014

Comment