Mysuru, the second-largest city in Karnataka, is renowned for its rich heritage, culture, and natural beauty. Thanks to its favorable climate and rapid development, it is quickly becoming a major real estate hotspot, not only within Karnataka but across India. While Bengaluru remains a prime investment destination, its hectic lifestyle, traffic, and pollution are prompting buyers to consider the tranquil and secure environs of Mysuru.
1. Bengaluru-Mysuru Corridor
The Bengaluru-Mysuru Corridor, also known as the NICE Corridor, is a 111 km private tolled highway designed to connect Bengaluru and Mysuru. This corridor will reduce travel time from four hours to just 90 minutes. With a 10-lane road to Bengaluru and access to flights and trains, Mysuru is becoming a haven for homebuyers seeking plots, apartments, and villas.
2. Infrastructure
Mysuru’s development is focused around the Ring Road, attracting buyers with its well-maintained infrastructure and renowned builders. The city boasts wide roads that prevent traffic congestion and accommodate future population growth. The recently launched Mysuru Airport, which currently offers domestic flights, plans to upgrade to international services, further boosting the city’s appeal.
3. Cost of Living
Mysuru is one of the most cost-effective cities in India, offering an excellent quality of life at a lower cost compared to major metros. The city’s affordable day-to-day expenses make it an ideal place to retire, especially for those finding Bengaluru’s living costs burdensome.
4. Knowledge Centre
Home to the University of Mysuru and other esteemed institutions, Mysuru has long been a prominent education center. The city hosts several nationally and globally recognized educational institutions, making it a hub for quality education.
5. Industrial and IT Boom
Mysuru’s well-planned infrastructure supports a burgeoning tech ecosystem. It hosts one of Karnataka’s largest IT clusters and is the state’s second-largest software exporter. Companies like Infosys, Wipro Technologies, and Software Paradigms India are driving the city’s rapid IT sector growth.
6. Master Plan for Mysuru 2031
The Mysuru Master Plan 2031 includes significant developments like the Mysuru Airport expansion, Film City, an international convention center, and nearby hotel accommodations. These projects will significantly boost the city’s real estate market.
7. Cleanest City in India
Mysuru has recently been named the ‘Cleanest City in India,’ enhancing its desirability for families and settlers. The city’s scientific waste management system ensures cleaner roads, air, parks, and drinking water.
Eshwar N, CEO of G Square Housing, notes, “Mysuru offers residents a high quality of life at a fraction of Bengaluru’s cost. With its rapidly developing infrastructure and industrial expansions, Mysuru is one of the best places to live peacefully and invest for future returns.”
