Tag Archives: mysore real estate

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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What will property buyers expect from 2018?

With the  end of short term effects of  these policy changes , we hope that 2018 might be the year of investors  provided the long term benefits of the RERA and GST.  Real estate saw upward  trend in l 2017  after  the  storm of  demonetization in 2016 . It was a setback for  investors and buyers alike. But with passing time it  was clear that  policy changes such as demonetization , RERA Bill and GST  has only benefited the reality sector by making it more transparent.  Effects of demonetization, RERA and GST has given new standards of delivery, accountability and transparency. Willingness to pay for long-standing reputed developers will increase.  Preference for ready to move-in properties that are hassle-free of any compliance issues.  Completion of existing projects will be prioritized over launching new ones. Technology will  also have good impact on the real estate sector. New  smart buildings  made with growing technology will help both building owners and buyers by improving performances and saving costs.

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Best ROI opportunities for NRI investors in Tier-II cities in Karnataka

Mysore holds the best ROI opportunities.
  • Mysore has always been an attractive investment destination due to its rich cultural and historical background.
  • Location benefit of Mysore is another important aspects to look into for any real estate investors as it is just 2-3 hours of travelling distance from Bangalore.
  • Mysore is one of major tourist attractions in India.
  • Mysore well connected transport system throughout the city, efficient power supply and better infrastructure.
  • Leading bio-tech industry in india with excellent infrastructure and research environment for the growth of Bio-Technology industry.
  • The number of IT Companies is ever expanding.
  • Mysore has less traffic when compared to other cities.
  • Best sewage, drainage and solid waste disposal systems in the country.
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