Mysore Road Mapping Towards Next Residential Hotspot

The connecting road of Bangalore to Mysore became the reason of Growth in properties price.

In just a matter of three or four years, apartments, houses and residential complexes have outnumbered in and around Mysore road. Even the number of planned layouts, plots and villa projects have also spawned and multiplied exponentially in the area. The activities of buying and selling in and around Mysore road have also multiplied and there is a huge demand of properties in the place.

The reasons for the flourishing of the place are many and few among them are Bangalore Mysore Industrial Corridor Project (BMIC), resorts, amusement parks, International schools, colleges, hospitals and industrial estates which are there due to which there is hectic real estate activity which seems to go on in a never ending spree in the area. This again spurts the residential influx of the place which boosts the prices at a great up-scaling momentum.

There are even greater plans of the government to develop the stretch along the Mysore road with four lane parallel roads which is being constructed which would connect the adjoining taluks including Kanakpura on the way towards Mysore. Many layouts in between Kanakpura and Mysore road are coming simultaneously for the buyer by land developers in recent time. While the plan is to develop the BMICP into a place full of Industrial Parks, IT hubs, tourism centers, residential hubs and also different eco-centers, the old Mysore road will be developed for other private initiatives which would also prosper simultaneously.

The immense growth and upcoming projects at Mysore Road are key to rise property value. 

The ongoing studies that are being conducted show that the number of apartments have multiplied four times in the area in the last three or four years starting from 2012. Statistics say that by the end of 2014 around 500 units were launched and by the end of 2015 another 700 added to the last years’ figure. This shows that there is an increasing demand of the apartments and dwelling units in the area. The growth of the plots and layouts in the area is although a bit constant but it is being noticed that the prices of the residential units are huge in demand and that too mostly in the places where there are plans of infrastructure development. That is precisely the reason the experts opine that one should enquire and know the rules of BBMP before buying land.

There are many developers constructing apartments both in the luxury segment and in the affordable segment. But many suggest buying land in and around Mysore Road. There are companies from the affordable segment also like TGS Layouts who have constructed land layouts and gated communities in the area. The company has land plots in gated communities namely TGS Padmavathi, TGS Mookambika and TGS Lakshmi which are at great locations where the company claims the growth prospects are pretty high. The rates of the company are pretty low and the claim of the company is that their prices are lower than the market rates at least by 40 percent. But at the same time the expert cautions that one should take the step after proper due diligence and enquiry about the builder by checking the existing customer feedbacks and complaints about the developer or the builder. There is no doubt that many stretches of Mysore road are in a rapid spree of development. This is especially true for the BMIC, the stretch along the four lane Mysore road and in some other places where IT hubs and offices are being constructed. The place near the NICE Road is also a place which is growing very fast due to the superb connectivity that it offers.  But the trend watchers again cautions the buyer to be careful and to judge the place, know the prospects and plans of BBMP and not to fall prey of any miscalculations buyer makes while dealing with property.
Take this virtual tour of properties at TGS Layouts in Mysore Road, you may find these property a worth to investigate as these plots in layouts are tagged as the most affordable lands for investment.

Take Home Points for Buyers

The buyers need to understand that there are few factors which are responsible for the development of Mysore road and the adjunct areas.

Not all the property get appreciated find the right property
through its rating and invest on the best one.

The prosperity and demand of Mysore road increased mainly due to factors like the proximity and connectivity to Bannerghatta Road, Kanakapura Road and few other places like even the North of Bangalore to Yeshwantpur through the Ring Road and the NICE road. But distinction should be made between, within the range of NICE Road and beyond it. Infrastructure both physical and social like the Metro, widening of the roads, etc. are also responsible for the developers to flog to the area. But one important point that one has to keep in mind is that the infrastructural development including the construction of the metro will take 4 to 5 years to be complete. Thus the market watchers caution that the buyers of the property should weigh the pros and cons of the property properly and then go for it rather than getting allured by the illusions created by the developers and the property sellers.