subject: Rise In Real Estate Development In Mysore-bangalore Road [print this page] Mysore-Bangalore Road is rapidly picking up pace in recent past. Strategically located and connectivity are main reason behind developer and buyers interest. It is located on State Highway 17 a four-lane highway from Nayandahalli, Bangalore top VV Puram in Mysore. As Mysore is fast emerging location and is the next best preferred destination in the South. The prevailing affordable property of Bangalore where the price and availability of space in comparison to neighborhood cities has attracted investors and buyers to the city.
Here ongoing infrastructure activities have fulled real estate demand and supply in Bangalore city. Growing Mysore property market is developing at a slow and steady pace witnessing an average appreciation of 5-10% across the city. Covering a total distance of 149 kms, having the popular highway connecting Bangalore and Mysore in 2 Hours and is known as Mysore Road in Bangalore and Bangalore Road in Mysore.
Demand and supply in the residential property sector these days there are 30-40% increase in number of transactions and hence, value appreciation in both the resale and new residential property in Bangalore has been witnessed during the past 6 months period.
As the capital value of an apartments in Mysore-Bangalore Road have witnessed approximately 20-30% escalation in the past few months. More demand for luxury projects in this area by young professionals and immigrants living in neighbourhood areas. Mysore Urban Development Authority (MUDA) is also developing new layouts, towns, roads and expressways to further enhance connectivity within the city and with neighboring cities are also on track.
Mysore Road - well laid out physical and social infrastructure in proximity where metro station is in the vicinity apart from schools, colleges, supermarkets which is an added advantages.
For Example: MBR Builders has launched their new luxury residential property MBR Sinfonia at walking distance from Mysore Road. Its a premium project offering 2&3 BHK luxury apartments to end users. As per Mr. Rajat Singh from MBR Group Mysore-Bangalore Road is the upcoming growth corridor of both the cities and are many new premium projects coming along the highway at an affordable prices.
There are other new projects as well like The Arena, Ranka Aquagreens and Brindhavan Gardenia offering with high-end residential apartments surfaced all the premium features.
Mysore-Bangalore Road are fuelling real estate activities with accessibility, connectivity and increasing infrastructure facilities and the area is gaining momentum seems to have good potential and expected to grow with time.
According to Mr. Manish Gupta a local realtor another factor fuelling this trend - Mysore being very well connected to Bangalore and it proving to be advantageous for the city most of the multinational companies setting up in Bangalore are moving to Mysore to set their backend offices.
For the most part, Mysores affordability and availability is fetching buyers, IT industries, developers and investors attention and there are new residential projects mushrooming in the city for long term returns are estimated on investments as anticipated by market sources.
