I too have visited the site. The Market personal has told that area would be covered by Banglore Industrial Development Authority which is making road that would connect from major points. Infact it is 8KM from the Kumlagodu inside that looks like village area. I am not sure about the development around, but each plot has all amenity links like underground wiring, water, and sewerage. Each plot well demarcated. Also, he has shown the sales deed of a person who purchaged recently.
I seek more information on legality, worth of buying etc.
I am planning to buy an apartment in Mysore Road and looking for some good project. Now it is for end use and may be after 2-3 years I might sell it off.
Due to the upgraded connectivity and widening of the Sirsi Circle Flyover for which the real estate market is increasing in this locality. The development of commercial realty are limited in this belt, but over the past few years the residential development has risen with the completion of the of the incomplete stretches of the Outer Ring Road (ORR) in this region.b
It is a very good idea if you are planning to buy property in Mysore road. As far as I know you can get good returns in future as it is an ideal location for families to settle down and also offers great connectivity to all parts of Bangalore. Residential apartments are quiet famous here, It is good for both long term investments as well as enduse purpose.
MRR Horrizon offers 1200, 1500 and 2400 sqft plots and the present rate per sqft going on in this project is Rs 1100. The project has got approvals from BMICAPA and financial institutions like LIC Housing Finance and Axis.
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Till date MRR Developers has done three plot projects and an apartment. Mrr New Horizon is one of their ongoing plotted development. There is hardly any information available over the internet about the builder. You can visit their completed project or get in touch with the other owners to get feedback about the builder