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Real Estate Forum on Mysore Real Estate News

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Hello, I heard that MUDA has got their revenue collection target down. Why have they done that. DO you know?
Latest Answer: Hey. SOme more insights. Another Rs 160 crore is projected from sale of corner and intermediate sites in developed layouts and around Rs 34 crore from the allotment of civic amenities sites. We will see how this pans out.
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Q: Hello, I have heard that there will be a big step taken towards keeping the city clean with investments towards sewage treatment being made. Can you tell me about them?
Latest Answer: Standing committee chairperson Haseena Taj said Rs 14.56 crore has been set aside for the new plants. She said of the nine zero waste management plants planned, eight are operational.
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Q: Hello, the outer ring road is now here, you think the property prices will go up? If so, by how many percent?
Latest Answer: The urban body expects that housing projects will pick up in eastern side, especially towards T Narsipur road now that the outer ring road has some up that is not far away. These things will happen pretty soon.
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Q: So I heard that there will be some water projects for the summer. I think this is to stop the water problem. How is it going? ANy idea?
Latest Answer: You know that a control room has also been set up to attend to complaints regarding water needs in the rural areas. It will operate between 7am and 8pm everyday. Villagers can call 0821-2460495.
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Q: Hello. Is it true that MUDA is coming up with a new residential layout in the coming months? Do you know anything about it?
Latest Answer: You know farmers protested against the price that they were paid and had moved to court for better compensations. So now the land losers will be getting about 40 % of the developed land when it will be completed by the mid of 2016.
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Q: Hey, what's the status of sand availability in Mysore? Last time i heard, there was acute shortage in the area.
Latest Answer: Hi there, did you know that extraction of sand has become illegal in the wake of the Supreme Court order, and Superintendent of Mysuru district Abhinav Khare said the police are continuing to crackdown on illegal extraction and transportation of sand in the district.
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Q: Hey, i heard that Ministry of Urban Development is going to introduce new guidelines for vacant land. Is it true?
Latest Answer: Hey there, i would like to add that MUDA maintains parks in layouts it develops but cannot maintain individual plots, as it involves a huge cost.The new guidelines will make owners cough up the cost incurred by local authorities to keep vacant sites clean employing outsourced workers.
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Q: Hey guys. I want to buy property in Mysore. Can anyone tell me about the current real estate market of Mysore? How is the residential market doing and has there been price appreciation? Any relevant information would help me a lot. Thankyou.








Latest Answer: Now even NRI's in Karnataka are super interested to invest in Mysore. Currently, about 30 residential projects are being developed. even commercial properties are upcomng in Mysore. a signifcant residential project is Central Park at Ideal Jawa by Shalom Voyagers, where there are many advanced facilities. EVen Brigade group and Damden properties are coming up with some interesting residential projects in mysore now.
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Q: I've read in a lot of news articles that Mysore is fast developing and real estate value is going up. Is there potential in investing here?

Latest Answer: Actually last year was pretty bad for Mysore real estate wise. There were a lot of developmental projects to help strenghten the city but to no avail. These projects took place at a very slow pace and did little or nothing to help Mysore's current issues. Mysore is actually suffering from shortage of space. There are a lot of migrants here who prefer 2, 3 bhks but finding apartments in Mysore, according to me is not easy. Sure, property prices are cheap but quality also should be a factor. I think IT employees prefer lavish residential apartments and gated communities which there aren't many of in Mysore. And the facilities are all basic. Nothing extravagent. There should be more creativity involved in constructing houses and I find that lacking in Mysore.
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