Category Archives: Mysore

Mysuru as an investment destination

Wondering why you should consider investing in Namma Mysuru?

here are a few pointers that will help you decide in the affirmative :

  • Mysuru the second largest exporter of software services is among the cleanest and well planned cities in India. With the opening of the Mysuru airport, the increase in the number of trains to and from Mysuru, the proposed Goods line & station at Bilikere and the widening of the NH 275 into a 10 lane highway, Mysuru is now more easily accessible than it was ever before. 
  • Mysuru as a tourist destination, as an investment hub, as a retirement paradise & as a cultural capital will grow leaps and bounds in the coming years.
  • Once the Green Field NH 275 and Mysore Madikeri Economic Corridor Expressway Project is completed, travel time from Bangalore to Mysore will come down considerably. Mysore is already a Smart City with well planned broad roads, adequate lung space and offers perfect Work – Life Balance
  • Tourism, Education, ITBT, Industry, Logistics, Lifestyle (malls, Golf Clubs, recreational clubs), Healthcare etc makes Mysore a preferred choice 
  • With excellent Air, Road & Rail connectivity, Mysuru is witnessing a Real Estate Revolution like never before and prices have been appreciating constantly year on year offering excellent ROI

For hassle free real estate investments call Yesh Developers on 9742727000

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Why Invest in Mysuru?

  • Bengaluru Mysuru 10 Lane Highway
  • Bengaluru – Madikeri interlink road (Express Highway – Economic Corridor Expressway Project) being setup
  • Bengaluru – Mysuru to become twin cities & travel time to reduce to 90 Miuntes
  • Next IT HubIBM has recently setup its Campus
  • Major IT companies are shifting to Mysuru
  • Mysuru Airport expansion thereby connecting neighbor States
  • Land earmarked for Film City 
  • Mall culture & Pub Culture already started
  • Mysuru is exceptionally well planned city with superior lung space

For a quality living, MYSURU is the obvious choice!

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Project Update – NH 275

 

Mysore Madikeri Economic Corridor Expressway Project Update

Project Cost – 3883 Crores (NHAI Project)

Work commencement – June 2022

Total Road length – 93 KM between Mysore to Kushalnagar

Bypasses @ Mysuru City, Bilikere, Hunsur City, Periyapatna & Kushalnagar

As a result of this project, travel time between Bangalore to Madikeri will be reduced from 7 Hours to 3.5 Hours

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Effect of Pandemic on Residential Properties

Pandemic has accelerated sales of residential properties in smaller cities because some of these living spaces are available in developed and habituated townships. Demand for condos and integrated townships in Tier II cities has also seen a surge, with increased need of safer environment and amenities within gated communities.

Organisations are planning to continue work from home and policies like Atmanirbhar Bharat and Make in India will create opportunities in tier II & III cities.

Reverse migration is also likely to continue for some time so demand in these cities will increase. If you analyse residential sales from 2014 to 2019, tier I cities grew at 28%, but tier II grew faster at 51%.

Tier II and III cities have witnessed considerable rise in demand in the recent past, primarily due to accessible pricing, more space, better returns on investment and lower cost of acquisition, mostly for ready to move in units according to senior executive director, DLF Home Developers Ltd.

After Pandemic, there is a rise in trend among homebuyers to build a lifestyle away from the hustle of a metropolitan cities. People are buying well-developed plots and independent villas instead of houses in group housing societies or in high rise buildings.

 

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Financing your property buying simplified

Buying a property whether it is house or plots or land can be exciting and cause for celebration but also exhausting if you’re not prepared for it. Preparing your finances is a big part of buying properties. Here are few things you should consider before financing your property purchase.
First, Set up a budget based on your expenses such as buying habits, monthly bills and instalments, family commitments and other stuffs including medical and hospital requirements.
Second, Try to reduce your debts and increase your income. Sell things which you aren’t using or lying inactive. Clear unnecessary goods which are no longer in use. Pay more on credit card bills and other instalments if any to improve your credit scores. Good credit history improves your credibility. The last thing you want to find is that you’re not financially qualified to buy it. To guarantee you’re financially ready to buy your first home, you’ll need good credit, encash, and a verifiable income.

Third, Save money for down payment. Paying higher down payment while buying a property can get you better offer and lower interest rates on your bank loan.

Fourth, Check for Govt. Housing Schemes and subsidy or Grants if you are eligible for it. As eligible buyers can avail part of the total amount through this.
Keep your documents ready to verify your income and finances. Good Luck.

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Land acquisition for formation of an industrial corridor @ Bilikere

The proposed land acquisition for formation of an industrial corridor which was long pending has again gathered pace. In a recent meeting attended by District Incharge minister among others, held at Mysore, it was decided to identify uncultivated lands in Bilikere, Manuganahalli, Ankanahalli etc of Hunsur Taluk for acquisition by KIADB for formation of an industrial cluster. This move give further give impetus to the overall growth of the vicinity.

Check out developed plots in Bilikere, Mysore by Yesh Developers.

Ankanahalli Bilikere Land Aquisition

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Greater Mysuru (Bruhat Mysuru Mahanagara Palike)

Greater Mysuru (Bruhat Mysuru Mahanagara Palike)

Great news for Namma Mysuru Residents. Mysore City Corporation (MCC) will soon be upgraded to Greater Mysuru (Bruhat Mysuru Mahanagara Palike).

The upgradation will either be based on the population or on other parameters as decided in the meeting with the local elected representatives & officials. Eight Gram Panchayats (GPs) have also qualification to be merged with the City Corporation.

Once upgraded, the basic facilities like water, roads, street lights etc will be provided / maintained by BMMP and mysore properties in the vicinity will be likely to go up.

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Mysore – Bangalore – Chennai Bullet Train

Quick Facts –

  • Distance : 435 KM High Speed Rail Corridor
  • Route : Mysore – Bangalore – Chennai
  • Land Acquisition : National Highway Authority Of India (NHAI) will initiate land acquisition in consultation with Indian Railways
  • Travel time : Mysore to Chennai in 2 Hours 25 minutes as against the 7 – 10 Hours currently. Bangalore – Mysore in 45 Minutes
  • Maximum Speed – 300 to 320 KMPH
  • Sanction / Decision taken by : Group of Infrastructure Ministers led by Union Minister for Road Transport & Highways Sri. Nitin Gadkari.
  • The project is one among the 7 new high speed bullet train routes finalised
  • The seven high-speed rail corridors are :
  1. Delhi to Varanasi via Noida, Agra and Lucknow
  2. Varanasi to Howrah via Patna
  3. Delhi to Ahmedabad via Jaipur and Udaipur
  4. Delhi to Amritsar via Chandigarh, Ludhiana and Jalandhar
  5. Mumbai to Nagpur via Nasik
  6. Mumbai to Hyderabad via Pune
  7. Chennai to Mysore via Bengaluru.
  • The rail corridor will align with Green Field Expressway (Road) projects to integrate the Rail network in the country

It is pertinent to note that The National High Speed Rail Corporation of India (NHSRCL) had called bids for executing stage-1 preliminary route development (alignment and aerial design) for The Mysore-Chennai High-Speed Rail corridor in February 2020

The project, once implemented, along with a fully functional Airport, will make Mysore easily accessible from different parts of India & will fillip the overall growth of Mysore City into an Industrial, Economic & Tourist Hub.

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Landmark Change to The Karnataka Land Reforms Act

In a significant change to the Karnataka Land Reforms Act, 1961, Governor Vajubhai R. Vala on 13/07/2020 signed the Karnataka Land Reforms (Amendment) Act, 2020, a month after the Karnataka Cabinet passed an ordinance making amendments to the Karnataka Land Reforms Act, 1961. Following the Governor’s consent, the State Government has notified the Amended Act in the Gazette notification.

Accordingly, the amendments –

  • Allow Non-agriculturist to purchase agricultural Land (Farm land) in Karnataka. However, restrictions on purchase of irrigated land by non-agriculturist remain
  • Removed the ceiling on income from non agricultural sources to buy agricultural land
  • Also increased the ceiling on number of units of land a person/family can hold

Accordingly, Sections 63(A), 79(A), 79(B), 79(C) in the existing Karnataka Land Reforms Act, 1961, were repealed to enable these changes.

With these changes –

  • Farmers are expected to get better prices for their land
  • Organised farming will get a fillip
  • Technology adoption & modernisation of agricultural practises is expected to increase

Reduce corruption & promote industries alike

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Mysore Madikeri Economic Corridor Expressway Project

Quick Facts

  • Length of the Expressway – 115 Km – 4 lane, 150 ft road with median
  • Estimated Cost of the Project – Rs. 6000 Crore
  • Project implemented by – National Highway Authority of India (NHAI)
  • Expressway will connect – The cultural capital of Karnataka (Mysuru) & Capital of Kodagu (Madikeri)
  • Road Alignment – Paschimavahini in Srirangapatna to Kushalnagar with bypassing Mysuru, Bilikere & Hunsur
  • Project status – Land required for the expressway has been notified and land acquisition is ongoing (as of February 2020)
  • Project timeline – The project is expected to the complete by 2024
  • Will the existing NH 275 (Mysore – Yelwala – Bilikere – Hunsur – Madikeri) also remain in use – Yes. The new expressway will run parallel to the existing NH 275
  • The project is expected to reduce the travel time between Bangalore to Madikeri to 3 Hours

For updates on this project visit – https://bit.ly/3i2MY1Z

Mysore Madikeri Economic Corridor Expressway Alignment

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