Real estate on Ring Road to offer profitable returns

Real estate on Ring Road to offer profitable returns

January 11, 2023

Mysore/Mysuru: For a long time, almost a decade, real estate was a dud investment for many investors, especially along the Ring Road. However, the property market is back on the radar with the Karnataka State Cricket Association’s (KSCA) plan to construct an International Cricket Stadium at Hanchya-Sathagalli becoming a reality soon.

Land prices are already heading north in the region as along with the Stadium, nearby areas will see major development with the movement of national and international teams, and catering to their food, travel and accommodation needs. The region will see increased commercialisation and property owners — both MUDA sites and revenue properties — can reap rich dividends now.

“Everyone was sceptical about investing in real estate after the COVID-19 pandemic. Now the land rates along the Ring Road in Mysuru will jump to new highs. The area earmarked for the Stadium is bound by roads on all sides and there is smooth connectivity to Bengaluru from the Ring Road. Once the 10-lane Mysuru-Bengaluru Highway is open, the real estate prices on the Ring Road will go further up,” a property developer opined.

7 COMMENTS ON THIS POST To “Real estate on Ring Road to offer profitable returns”

  1. Avinash says:

    The next city to be destroyed after Bengaluru is mysuru.. in the next 10 years mysuru will be urbanised so much that ppl will forget the real charm of heritage city..
    This is coming from a guy who’s staying in Bangalore for last 31 years.. and who has seen destruction of eco system in Bangalore.

  2. Yes we are bound to destroy the heritage city.When we do not understand the value of heritage such things bound to happen.
    We have already in that direction by developing 10 lane super express High way.Ignoring the other parts of the state namely north of Tumakuru.
    The city of Mysuru is already in the hands of Real estate sharks.Given the Liberty they can demonish all the Palaces bouit by Mysuru Royal family

  3. Sam says:

    Hey @Avinash
    Bangalore was destroyed by 1960s, first by ,locating large industries like the HMT, BEL, ITI etc.. near the city boundary.. It was Nijalingappa the CM then who receiving bribes for locating them. Its destruction then was large.
    By 1990s, the IT sweatshops like Wipro and Infosys, set up greedy founders, using the cheap IT labour paid in Indian Rupees to take outsourced work of coding from the Western companies. Their destruction was massive extending to White field and beyond, buying green field lands cheap by bribing the ministers. All they did use the IT techie coolies to do the slave labour of coding. The IT sweat shop founders pocketed millions of USDs, sent their children to USA for education after their high school courses in Bangalore, bought them luxury apartments there.
    If you settled in Bangalore 31 years ago, you are part of those settlers, who destroyed Bangalore further.
    Modi the ignorant sod calls it Tech India, when there is no innovation in the IT, but only slave labour paid in Indian Rupees!
    Do not prattle about ecosystem destruction, when you contributed to it. What a hypocrite!!
    Mysore was dstroyed when a large influx of non-Mysoreans arrived to settle. New extensions were created by destroying the forest.
    Now , Indians breeding like rats have taken India’s population beyond that of China!!
    Real estate puts lakhs of einto the pockets of politicians and officilas.
    Corrupt India, cheap labour dump!

  4. Sr says:

    Already the muda and corporation is a failure in mysore, unable to manage a small place like mysore in terms or cleanliness ,roads and other basic facilities. Mysore should be called as garbage city with all the garbages in the new layouts like vijaynagar.

  5. manish says:

    Real estate benefitted to whom?

  6. manish says:

    Real estate benefitted to whom?

    Bengaluru has hardly any space for parking.

    High rise buildings and all parts of india people are just migrating.

    See how many NEPALESE HAVE COME.

  7. Man says:

    Whose benefit. ???


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