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
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
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.
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.
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