Mysore, the new home of IT?

Mysore has gradually emerged from the shadow of neighbouring Bangalore and has now become an attractive IT destination of its own.

Improved connectivity and some big infrastructure projects have led to unprecedented growth in the housing and commercial real estate sector as well.

Mysore has grown radially with arterial roads starting from the city palace and running outwards to other parts of the city.

LAND USE IN MYSORE

This has resulted in residential and commercial developments along these roads.

Price Propellers

Some projects underway that could influence realestate prices in future.

1. Infrastructure Corridor

Along with a six-lane expressway between Bangalore and Mysore, the project includes a massive real estate development plan including 7 townships.

However, the project has been delayed

2. Road Projects

Major roads in the city are being four-laned and a new outer ring road will be built.

A feasibility study on providing MRTS/Metro along the peripheral road, outer ring road and radial roads is being conducted

NEW RESIDENTIAL PROJECTS

3. Central Funding

The city will access funds from the Jawaharlal Nehru National Urban Renewal Mission for improvement of infrastructure and administration.

It has already received funding for heritage development projects

Land use in Mysore

The residential area is estimated to be about 6,000 hectares in the proposed land use pattern by 2011.

This represents an increase of almost 114% over 2,800 hectares in the land use pattern for 2001.

New Residential Projects

Mysore is expected to emerge as an extension of Bangalore.

RETAIL SPACE DISTRIBUTION

This has led many investors and developers to eye the city's property market

Retail Space Distribution

The city has not seen much development on the retail front in the past.

 With the emergence of the IT sector and an increase in migrant population, developers see a significant potential for retailers

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