New budget guidelines' effect on Mysore's real estate

Q: Hi guys, how is everyone doing today? I wanted to ask what effect will the new union budget have on the yoga industry of Mysore. Thanks

Sanjana Jain, Mumbai

4th March 2015

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Replies (12)

I think that Rs 10,000 crore for railways, Rs 14,000 crore for road development, Rs 70,000 crore for infrastructure development and Rs150 crore for IT hubs will boost industrial development indirectly. ALso the association is sore about the increase of customs duty for commercial vehicles from 10 per cent to 40 per cent

Lava Shanker, Mysore

9th March 2015

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Well with the creation of national infrastructure investment fund, 5 per cent reduction in corporate tax and curbing generation and use of black money and making it punishable offence are good move. If implemented properly, they can be really helpful in the long run.

Janaki Vora, Mysore

8th March 2015

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I came across this piece of information that you will find interesting. The Mysuru Industries Association president P Vishwanath and general secretary Suresh Kumar Jain have welcomed the announcement of IIT for Karnataka saying it was a decade old demand.

Uma Maheshwari, Mysore

8th March 2015

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Hey, meanwhile, the CII vice chairman Arjun Ranga, who is from one of the prominent business families in the city, said roadmap for the make in India plan, with the emphasis on education, healthcare and infrastructure are important for the city

Geeta Rajan, Mysore

7th March 2015

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The city's ayurveda institutes are an add-on. A SWOT analysis by the CII for the growth of Mysuru conducted last year had argued for leveraging its strengths on these therapies and promotes wellness tourism. There are 65 yoga institutes of which ten are high on the radar of the foreigners. The city boasts of some 300 yoga trainers

Hema Kumar, Mysore

7th March 2015

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I would like to tell you that the yoga institutions charge between Rs 10,000 to Rs 35,000 from the learners, who stay put between one to six months depending upon the duration of their courses. The city's salubrious environment coupled with its cosmopolitan nature and culture has added allure to the yogis from abroad.

Rama Gomes, Mysore

6th March 2015

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From what i know, according to stakeholders, there will be 1,000 to 3,000 foreigners doing yoga depending on the season. Peak season spread over six months starting from October and areas like Gokulam, Vijaynagar, Lakshmipuram and Chamarajpuram have become favourite places for the yogis to stay while they are here

Arun Rajan, Mysore

6th March 2015

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For the record, the city of Mysore, which assisted yoga gurus earn brand name across the globe—B K S Iyengar and Pattabi Jois have roots in Mysuru—has evolved into a yoga destination drawing yoga practitioners from different parts of the world.

Deepesh Gowda, Mysore

6th March 2015

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Did you know that n his budget proposals, the Union finance minister Arun Jaitley said that Yoga is India's well acknowledged gift to the world. It is proposed to include yoga within the ambit of charitable purpose under Section 2(15) of the Income-tax Act.

Reshma Nayak, Mysore

5th March 2015

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I wanted to tell you that Visa on arrival for travelers from over 150 countries coupled with yoga being included in the ambit of charitable purpose under IT Act will attract tourism to Mysore. It will really help boost the tourism and thus promote growth in the city.

Savitri Hiremath, Mysore

5th March 2015

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Well i very closely followed the budget speech, and can tell you that the move to extend visa on arrival facility to travelers from 150 countries to stress that it will help the tourist city.You should know that this is a really great thing for our city, since Mysore has plenty of tourist attractions.

Ranjitha srikumar, Mysore

5th March 2015

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Yes! The yoga hub that is Mysuru stands to benefit from the Union government's move to exempt yoga institutions from paying income tax, according to the Confederation of Indian Industry, Mysuru. This is a really good news for the real estate market of our city.

manish shetty, Mysore

4th March 2015

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