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Real Estate Forum on Properties In Mysore

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Every where people are talking about Mysore. Do you really think that Mysore is the next Bangalore
Latest Answer: No Industries at Mysore for Jobs. But Mysore Real Estate is more expensive than Bangalore. Year-on-Year increase in Plot prices has been 25 to 30% when compared to 20% at Bangalore. Retired people also will be making a mistake. One has to walk quiet a distance for shopping for provisions or bread. Take RoopaNagar - Where is the nearest Good Restaurant - 3 or 4 Kms, How Many Shops within RoopaNagar of Provisions? Only One. Take TRENDZ on Bogadi Road - 300 Apartments? Where is the nearest SuperMarket ? Is it easy to get an Auto from TRENDZ or from BRIGADE Palmgrove 2 crore Villas? Retired people will find it difficult to get 2 Idlis within 200 feet of their Apartment if they purchase it at 75.0 Lakhs. At Bangalore No Problem at all.
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Q: How will I know if I’m eligible to buy a house under the “Own Your House” scheme?
Latest Answer: Mysore Urban Development Scheme has decided to start the OYHS in certain localities in Mysore. Under this scheme MUDA will construct houses for the economically backward classes of the society. If you have received a MUDA approved site in Mysore, and you don’t possess any other sites or homes in the country, then the MUDA will undertake the building of your home under a discounted rate. The areas like Vijayanagar IV stage, A and B zones of Hanchya Sathagalli, Devanoor II stage, and Sathagalli II stage have been chosen by the MUDA for beginning the OYHS. So you need to have a MUDA site in these areas.
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Q: What are the future prospects of investing in Mysore? What are the upcoming apartment and villa projects in Mysore?
Latest Answer: Mysore is the most promising among the Tier 2 cities in South India. It will be definitely a good option to invest here as property prices are expected to double in just 3-4 years. You can also rent out the property if it is a residential property, as there is a huge demand as many youngsters are shifting to this place for better job opportunities. Also there are more options of affordable houses here are compared to Tier 1 cities. Purva has some good projects in Mysore. Check out for it. Brigade is also a very popular builder. Solitaira and Splendor are their two ongoing projects.
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