Why Invest in Mysore?

Mysore is located in the southern state of Karnataka, it’s the cleanest city in India and also the second largest city with major tourist spot as well. Mysore is also called “Cultural capital of Karnataka”. Mysore seeks tremendous growth on various residential and commercial projects occurring in various regions. Mysore is gifted with hygienic climate and calm environment also incorporates townships, World class shopping centers, retail stores which have been developed recently. As Mysore is tipped as a hassle free city Mysore it is being targeted by foreign investments and hence contributes enormous share to the growth of the real estate sector and increase in Indian economy.

On viewing the present situation of property appreciation in Mysore, real estate sector will surely flourish subsequent to various residential, commercial and industrial projects proposed by development authority of Mysore. NRI investment in Mysore realty has recorded a 45% of growth, NRI’s and expats from Karnataka are increasingly showing a keen interest in the real estate market of Mysore for residential and business purposes. Over 30 residential projects in Mysore are currently being developed primarily for NRIs. The continuous increase in prices for apartments and developed plots in Tire 1 cities has necessitated the need for middle-income group people and other investors to look at secondary cities for investment in real estate. For Bangaloreans, Mysore provides multiple options at competitive prices today when it comes to the question of investment in real estate investment. There is a sudden spurt in both apartment and land prices which has convinced investors to plunge into investment.

Apart from tourist destination the city is also famous for heritage and culture for its past grandeur of palaces and historical monuments in around the region which ads greater more importance to the city. Mysore city is well connected with easy access of road and rail transport connecting major neighboring cities of the state. The city is flourished with plentiful human resource, which is the backbone of an industry and the literate ratio is rather high compared with other cities. The government of Karnataka plays a significant role on increasing foreign investment by means of developing various small scale and large scale projects in different regions and creating prospect for healthy business environment.