There are many locations in India including areas in Tier 2 cities that are more popular than most other cities. Have you ever wondered why?
A city’s infrastructure speaks volumes about its growth and position in not just economy but also real estate. Mysore is one such Tier 2 city in India and Mysore real estate is growing just as fast as its infrastructure is.
Mysore is a Tier 2 city that is well known for being the closest to Bangalore, a city that is often referred to as the IT hub of India for being home to a large number of IT companies. Mysore is not far behind in terms of IT companies and is seeing a rapid growth in the number of not just IT companies but also many other companies. Mysore real estate is growing equally fast alongside the rising number of companies and thus employment opportunities.
Mysore has a highly efficient town planning system which is not surprising given that it had a system in place as early as centuries ago! Mysore is also home to many rich heritage buildings including palaces, making Mysore real estate a target for real estate investors. In the recent years, the infrastructure in Mysore has improved greatly including the rising number of companies, better and wider roads, flyovers, commercial buildings and much more, and is bound to improve greatly in the future.
As Mysore real estate is incorporating more modern approaches in every manner, properties offered to potential real estate investors in Mysore also keep up. For example, while apartments were hardly a sight in Mysore just a few years ago, the city has numerous options for investing in apartments today, including luxury. In general, luxury properties are no longer rare in Mysore real estate, they are however still expensive. With cost of living being lesser than bigger cities, such properties are still more affordable to the same in bigger metro cities. Therefore, it would be wise to invest in a promising city like Mysore.
The best part about urbanisation is that there are extended options as the price range of properties in Mysore is wide. In the near future, property prices are bound to increase, especially vacant land. This is because land is a type of property that is rare to find and almost impossible in bigger cities. Mysore is a city that still offers some vacant land to invest in while also being a great city to live in! Numerous upcoming residential projects in Mysore are being undertaken alongside road development around these areas. The currently most in-demand areas in Mysore for real estate investment are those around Mysore-Bangalore highway (also consider the most anticipated expressway that is said to be ready by this year) and around the domestic airport.
Commercial properties in Mysore real estate are just as in demand as residential properties, whether it is vacant land or building. While shared spaces are not that common in all cities, Mysore is slowly but consistently seeing an increase in demand for the same; increasing number of companies may also be a reason for this demand. Shared spaces work out a lot cheaper for especially small companies that run on a tight budget. As the infrastructure in the city and even outskirts is improving to meet greater standards, future Mysore will an show even better standard of living.
GSS Projects is a real estate consultant formed in 1995 for Mysore real estate. With over 25 years of hands-on experience and successful completion of more than 30 projects, GSS Projects is the best real estate consultant in Mysore for all your needs. Contact us for a consultation on investment in Mysore.