Houses in Mysore Road Bangalore

Bangalore's lucrative property market has seen a steady influx of investors in recent times. The rapid expansion of the city in all directions due to availability for great reasons at low prices has strengthened the real estate market. The influx of multinational companies, increased connectivity and the transfer of land by the government for commercial purposes have also stimulated development. With the attraction of new locations, developer interest in affordable housing, and the industry on the rise, now is a great time to make real estate investments. Have you recently considered buying a property? If not, you can read about what can be a good investment opportunity.

If you are a buyer or investor, Mysore Road is a real estate hot spot that you should not miss. This stretch between Nayandanahalli and the NICE ring road junction towards Kengeri is where real estate is on the rise. Mysore Road currently has approx. 5,500 units of marketable housing stock of various promotions.

Some of the main districts on Mysore Road are Rajarajeshwarinagar, Kengeri, Uttarahalli and Banashankari 5 and 6 stages.

 

Kengeri

Industrial businesses and proximity to various educational institutions such as Christ University and Rajarajeshwari College are a large part of the Kengeri real estate market. Global Tech Village has also been a major driver behind the demand for more residential properties around this IT-SEZ. These properties are available at a price 20-21% lower than in the city, making them a lucrative purchase. Average property prices in the region range from INR 3,500 to 5,100 per square foot [p1]. [SJ2] According to CBRE South Asia research, there are more than 4,000 housing units around Kengeri, ranging from 420 square meters to 1,700 square meters. Some of the main projects in this area are by MRR groups, Sri Krishna constructions and Good Earth.

 

Uttarahalli

The appeal of Uttarahalli lies in the wide open spaces and the location advantage of being close to almost every area. The development of this place was strengthened after the construction of Kengeri-Uttarahalli Main Road (also known as Dr Vishwavardhan Road) in 2003. The area is a great option for cheap home buyers with several affordable housing projects with much lower prices What others. environment with average property in the range of Rs3000-3500 / sqft [p3]. [SJ4] Some of the main projects are from Siri Homes, Kishore Builders and DS Max Builders.

 

Rajarajeshwarinagar

The metro is an important engine for the growth of this place. Projects that have been sold for years suddenly won the interest of buyers and sold quickly. This area has also seen a nice rise in property prices, as houses have had a whopping 13% rating and the median price ranges from INR 4,500-5,500 per. Square foot [p5]. [SJ6]

 

Let's look at 5 main reasons why investors flock to Mysore Road:

Lucrative investment area - The industrial clusters in this area have contributed significantly to the demand and valuation of real estate in the area. For example, Tanglin Developers' Global Tech Village is a huge IT park where many multinational companies live. People who want to be closer to work actively buy or rent houses. This has led to the launch of many houses like Salarpuria Sattva Divinity in this location that are available at reasonable prices. The smart residential environment, high-quality housing and innovative urban areas also contribute to the emergence of Mysore Road as a rewarding investment area.

Excellent connectivity - Seamless connection and commuting is one of the most important considerations for home buyers. Good connectivity can lead to real estate growth and Mysore Road controls all fields. It is close to the NICE corridor, the outer ring road and phases I and II of the metro. In addition, there is a local bus connection that connects the social and economic zones and facilitates daily life. It is relatively easy to travel to the International Airport (~ 40 km) and Bangalore City Junction Railway Station (~ 15 km). Infrastructure development such as the planned Metro Rail and Randring also play a role in making this area an attractive and feasible investment opportunity. Furthermore, the Bangalore-Mysore Infrastructure Corridor (BMIC) has reduced the travel time between the two cities to just 90 minutes. As of March 2019, 4 km of the highway will be completed. In addition, the 41k have also been completed.

The potential of the future

Mysore Road is about to become Bengaluru's next residential and commercial center, and there are several factors contributing to this growth.

The announcement of a main road between Mysore Road and Magadi Road in Karnataka state budget is a great advantage in terms of connectivity.

The Comprehensive Development Plan (CDP) proposes a special high-tech corridor of 1,000 hectares between Magadi Road and Mysore Road for clean industries. The corridor is located 17-29 km from the city center and is home to IT services and IT enabled industries. It will also configure 10 integrated municipalities with international standard services.

There is a lot of development going on and the connection to the metro plus the potential of Cauvery's water supply promises great returns in both property and rental values. Metro's Reach 2 brings Kengeri closer to the city and offers more affordable housing options for people.

The extension of the NICE highway to eventually connect to Mysore and the proposed elevated highway will ensure a hassle-free connection.