Increased property price in East Mysore Road

Q: Property prices in the locality have begun to increase as ORR nears completion. I feel this is the right time to invest in this area. Any review?

amlan.t, Bangalore

28th April 2015

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residential project in east mysore road

property price in east mysore road

mysore outer ring road

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Replies (1)

I agree with you Amlan. This is absolutely the right time to invest in this locality and you can expect appreciation in the future. In view of the impending completion of the eastern loop of the ORR, prices in the locality have appreciated by up to 20 per cent in many areas in the last year. This is mainly in lieu of the enhanced accessibility to these areas via the ORR. It is expected that once the remaining stretch of 800 m on the eastern loop is completed, property prices would appreciate by a further 10 per cent.

Bala Subramanium, Bangalore

28th April 2015

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Correct guys... Even I am thinking of booking a residential apartment in this project. I heard that many developers are coming up with news projects in this locality.

Aakash N, Bangalore

28th April 2015

Many developers had purchased bulk land with the intention of developing them into layouts. With the completion of the eastern loop of the ORR, this wish of theirs is expected to soon become a reality.

The urban development authority is of the opinion that residential projects would soon be initiated on the eastern parts of the city, particularly in areas in the vicinity of the ORR. This is expected to lead to a spurt in the development of residential projects along the eastern corridors of the ORR.

However, development of infrastructure facilities in the vicinity is also key to the increase in demand for residential property in the locality.

Bala Subramanium, Bangalore

28th April 2015