Once celebrated for its serene ambiance and budget-friendly living, Mysuru is rapidly evolving into a bustling urban hub. With large-scale infrastructure projects, industrial expansion, and an influx of IT firms, the city is no longer just a retirement haven but a thriving real estate market.
Property rates have surged, with rentals increasing by 40-50% in prime areas. Realtors note that residential prices have climbed 10-15%, fueled by enhanced connectivity and corporate investments. Vijayanagar, Kuvempu Nagar, and Hebbal have witnessed a sharp rise in demand, attracting young professionals and investors.
Mysuru’s transformation into a satellite city of Bengaluru has further propelled real estate growth. Improved transit routes, such as the Bengaluru-Mysuru Expressway, have shortened travel times, making Mysuru an appealing alternative to the crowded Bengaluru market. Gated communities and premium apartments are particularly in demand, driven by professionals from IT and healthcare sectors.
The north, especially Hebbal, is developing into a commercial nucleus, hosting MNCs like Infosys, L&T, and Wipro. Over the past two years, land prices in the area have appreciated by 15-20%, reflecting its growing appeal.
Government-backed projects, including Karnataka’s first semiconductor plant at Kochanahalli, are expected to drive further investments. With upcoming transport infrastructure like the Mysuru-Kushalnagar Railway Line and airport expansion, the city’s real estate boom is set to continue.
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