Mysore is a safe haven for people wishing to settle down in this heritage city. It is also a long-cherished dream of many to build their dream house or dump their money into the real estate for investment purposes in Mysore. To fulfil the same, you cannot go about and buy any site in the city. You need to consider several pertaining factors like swift resale, property value appreciation, and verified documentation among others.
All these factors get covered when you buy MUDA approved sites for sale in Mysore. Hence, it is always recommended to buy or invest in sites or plots that have MUDA approval. In case you are wondering what MUDA is, here you go.
What is MUDA?
MUDA or Mysore Urban Development Authority is a governmental organisation. It is in charge of planning and development of infrastructure in the city. Apart from that, the organisation also oversees the housing needs of the underprivileged citizens and the provision of development-related sites and services across the city for its residents.
Established on 16th May 1988, MUDA is the authoritative organisation that monitors the approval of any and all sites in the city for development and construction purposes. Be it the construction of public amenities, civic buildings, parks, drainage etc., all of them come under the purview of Mysore Urban Development Authority. For the same reason, MUDA sites for sale in Mysore are legit and have a high value.
Why buy only MUDA approved sites in Mysore?
Any plot or site that has the validating seal from MUDA is sure to be devoid of any errors in the documentation and are clear of unknown previous encumbrances if any. Generally, MUDA approved sites for sale in Mysore are the safest of all real estate investments in the city. Hence, everybody wishes to buy or invest in lands that come under the jurisdiction of Mysore Urban Development Authority.
Also, the areas that come under the jurisdiction of MUDA are generally not very far off from the city centre. So, the location of MUDA approved layouts in Mysore are mostly in the vicinity of the city. The best part about MUDA approved plots in Mysore is that they age well. In other words, the land value gets a much better appreciation as time lapses. This is because of the fast-paced infrastructure development that leads to the expansion of the city and its limits. The outskirts of the city today might be a part of the city a decade later.
Furthermore, when it comes to actual registration and paperwork, the process becomes very easy and hassle-free for both buyers and sellers when the property has MUDA approval. The best part about MUDA sites in Mysore is that all of them come equipped with basic amenities and infrastructure. So, anybody can start building a property on it right away.
As much advantageous as it seems, obtaining approval from MUDA for a layout or a site is a burdensome process. Of late, the Mysore Urban Development Authority is facing problems. Procuring land for allotment of the same to the residents of Mysore has become difficult for MUDA due to an unusual demand for the real estate. Not to forget, the cost of buying or applying for a MUDA allocated site is considerably high too!
So, if you want to buy MUDA allotted sites for sale in Mysore, we recommend that you approach a credible real estate company in the city. If you plan to invest or buy MUDA approved plots for sale in Mysore, you can contact GSS Project Consultants – the leading real estate company in Mysore since 1997.