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An Overview of the Mysore Real Estate Market

Mysore, located at the foothills of Chamundi hills, is a popular tourist destination in the southern state of Karnataka. It is situated at a distance 140 km from the state’s capital city Bangalore. The rich culture of this city has been drawing people’s attention even before the Colonial rule. Not just the culture, the thriving information and technology business in the city is also attracting a lot of attention. With Infosys already setting up its headquarters in Mysore, it won’t be wrong to say that this city would soon see the establishment of many more IT companies. This would, in turn, offer more employment opportunities and attract a large IT crowd.


Infrastructure & Connectivity
The old-world charm of Mysore is perfectly reflected in the refreshingly green surroundings of this southern city. However, the city has recently seen some amazing changes in terms of infrastructure and connectivity. The infrastructure of the city is commendable when it comes to civic amenities like water supply system, solid waste management, sanitation, and transportation. The city is located in the southern end of the country at a distance of 140 km from Bangalore and thousands of km from other metro cities. Still, this city is seamlessly connected to all these places via the rail and road transportation. The KSRTC bus transportation enables people to easily commute within the city and other parts of the state as well. The proposed Mandakalli Airport would connect the city to other parts of the country via the air means as well. The Bangalore-Mysore Infrastructure Corridor is another future-ready project that would offer seamless transportation between the two cities.


The population of Mysore as per the 2011 Census report of India was estimated to be 887,446 which included 443,633 females and 443,813 males. The city’s population density was noted to be 6,910.5 people per square kilometer. The city has a perfectly balanced sex ratio at 1000 females for every 1000 males. The literacy rate of the city is also quite good at 86.84%.


Life Style
The main attraction in Mysore which pulls hundreds and thousands of people towards itself is the picture-perfect natural setting. This setting has made Mysore one of the best tourist destinations of the South. With a number of schools, colleges, and other educational institutions, Mysore enjoys a very high literacy rate. There are a number of temples, palaces, and historical monuments that attract large swarms of people. The natural allure of the city becomes a resting spot for people when they want to spend some time away from the humdrum of the city life.


Key localities in Mysore
Real estate in Mysore
has developed manifolds over the past few years. Many new localities have been formed and some old ones have been given a facelift to satiate the property needs of people. Here are some of the key localities that festoon the charms of Mysore real estate: Chamrajpura, Bogadhi, Rajendra Nagar, Elavala, VV Mohalla, Nanjungud Road, Gokulam, Vijaya Nagar, Hunsur Road and more.


Real Estate Market
Builders of the city play an important role in taking the city’s infrastructure to a completely different level. Same ways, the builders in Mysore come up with various new projects to fulfill the increasing property needs of the people. Mysore property would not have reached this height had it not seen the hard work of the city’s builders. The number of projects developed by these builders can be calculated by the advertising boards like “Property for Sale in Mysore” that can be perennially seen in every nook and corner of the city. Here is a list of the top builders of Mysore: DS max, Pathak Constructions, Brigade, Sankalp Group, Sowparnika Projects, Ela Venture, Bhoomika, Hegde Developers and others.


Projects in Mysore
There are different types of projects in Mysore, ranging from uber-luxurious to luxurious to moderate to budget-friendly. Not just in the residential sphere, Mysore is a good investment place in the commercial sector as well. There are 55 under-construction projects, 363 ready-to-move-in projects and 2 projects that would soon be launched.


Govt Projects in Mysore  
Mysuru Urban Development Authority or MUDA would soon be finishing off the satellite township project at Balahalli which was approved by the government in 2015. This satellite township would offer better infrastructure facility to the city. Hi! Searching for Property? Let's Chat