Is affordable housing getting too costly in Mysore?

Q: Hello, I read somewhere that affordable housing is not really feasible in Mysore anymore owing to the rising prices. How true is this?

Rohan Krishna, Mysore

11th February 2015

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Replies (7)

I did some digging, and found that Mysore has FAR of just 1.25 to 1.75 while Mangalore and hubli has some where around 2.5 to 3.5 which is being more useful for them and the respective civic bodies aren't running out on losses.

Lava Shanker, Mysore

14th February 2015

Comment

Hello. So there's another reason why the builders are disagreeing. Mysore, when compared to other tier -2 cities in karnataka, like mangalore and Hubli among others, has the lowest FAR ratio. which is turning out to be a loss for the MUDA.

Rama Gomes, Mysore

13th February 2015

Comment

FAR is where you increase the plot area and the built up area. When you build a house in a large plot, there is a definite chance that the prices will be divided amongst many people giving rise to more homes while keeping the cost of construction at a minimum. Which could actually work.

Karan Sharma, Mysore

13th February 2015

Comment

A owner of a reputed building company in Mysore has suggested a way to keep the cost at a low price and make the affordable project work. He has said that it the FAR or Floor Area Ratio is increased it can help immensely in building inexpensive homes for the poor.

Utsav Chakraborty, Mysore

12th February 2015

Comment

Yes. Mysore Urban Developmental Authority (MUDA) ha plans to build anywhere near 1500 to 2000 flats under the affordable scheme but local real estate agencies and major builders have been vocal about the fact that it is quite impossible to do so due to the current scenario.

Akshat Rai, Mysore

12th February 2015

Comment

So the price per sq. feet in Mysore is anywhere near Rs. 2500 to 3500 in the key areas which along with the construction will bring the total cost of upto anywhere near Rs. 40 to Rs. 50 lakhs to build a modest home. This is exactly what the real estate professionals are suggesting.

Janaki Vora, Mysore

11th February 2015

Comment

True. Though Mysore is a Tier-II city with decent enough prices, it is not really possible due to the rising cost of construction as the cost of materials has been rising multiple fold with the price of land also following suit.

Krishna gowda, Mysore

11th February 2015

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