As property prices continue to rise in Bengaluru, a growing number of homebuyers are turning their attention to Mysuru as a more affordable and liveable alternative, signalling a broader shift towards Tier-2 cities.
Shift driven by affordability and uncertainty
Real estate experts highlight that increasing costs in Bengaluru, coupled with job uncertainties—particularly linked to advancements in artificial intelligence—are prompting buyers to explore options beyond the city.
Brokers report a noticeable rise in enquiries for Mysuru, with several Bengaluru homeowners liquidating premium assets and redirecting investments. Entry-level property prices in Mysuru are estimated to be 20–30 per cent lower, making it an attractive destination for both end-users and investors.
Government push boosts confidence
The Karnataka government’s plan to develop Mysuru as a major technology hub has further strengthened investor sentiment. In the 2026–27 Budget, Chief Minister Siddaramaiah outlined initiatives to enhance infrastructure and attract IT and IT-enabled services firms to Mysuru.
Experts note that Mysuru is no longer seen merely as a spillover market but is emerging as a potential employment hub, enhancing its appeal among working professionals.
Growing demand across key localities
Demand is rising across established neighbourhoods such as Kuvempu Nagar, Vijayanagar and Jayalakshmipuram, which offer good connectivity and access to growth corridors. Here, 2BHK apartments typically start at around ₹60 lakh and can exceed ₹1 crore, with rental values ranging between ₹30,000 and ₹45,000.
Meanwhile, localities like Gokulam and Lakshmipuram provide relatively affordable options, with 2BHK homes priced between ₹60 lakh and ₹80 lakh and rents ranging from ₹15,000 to ₹20,000.
Peripheral areas such as Bogadi, Hebbal and Nanjangud are also gaining traction among buyers seeking larger homes at lower costs, with prices ranging between ₹3,450 and ₹5,400 per sq ft.
Mysuru emerges as a strong alternative
Traditionally known as a “pensioners’ paradise,” Mysuru is now attracting professionals and second-home buyers due to its cleaner environment, lower density and improving infrastructure.
Experts believe that if this trend continues, it could help ease pressure on Bengaluru’s overstretched infrastructure while positioning Mysuru as a balanced urban alternative for living and investment.