Why to Invest in Property or to Construct home in Mysore Road ?

Mysore Road is obtaining a lot of popularity because of the investments from large companies that have been acting as a catalyst for the growth and development of this part of the city. Mysore road is also giving a strong competition to other locations of Bangalore/

Following things has made Mysore Road one of the best locations for real estate hot spot for investments in Bangalore. 

If you are looking for an opportunity to invest in real estate, here is why you should consider Mysore Road to be on the top of your list.

 

1. Existence of Large Companies

The biggest reason for the transformation of Mysore Road is the number of investments that are happening from the private sector. Global Tech Village is one of the biggest software and IT Park located off Mysore Road. MNCs like Mphasis, Hinduja Global Solutions,Accenture, Mindtree and Crompton Greaves have also made their existence in this area. The presence of these giants has opened doors to a lot of job opportunities which is likely to increase even further.

2. Improved Social Infrastructure

Mysore Road has a huge number of options for entertainment. Top schools, colleges, and hospitals are also in the vicinity. Various shopping mall like Gopalan Legacy Mall, Gopalan Arcade Mall are your places to enjoy a happy weekend with your family and friends. With the existence of all these world-class facilities and more in the pipeline, Mysore Road has become one of the most promising areas to have a living.

Mysore Road in Bangalore has witnessed decent real estate activity over the last 4-5 years. 

3. Connectivity

Mysore Road has excellent connectivity via NICE Ring Road. Metro connectivity has been the growth catalyst for the region. The area is well served by BMTC buses, cabs and auto rickshaws. Major roads like Outer Ring Road, Kenchena Halli Road, Tank Bund Road, Dr. Vishnuvardhan Road, NICE Ring Road, Pipeline Road, Bangalore University Road and Chord Road, 10 lanes Banglore- Mysore National Highway  are the roads which pass through or connect to the Mysore Road. The Purple metro line has be extended from Mysore Road to Kengeri and also further will be extended till Challaghatta giving the people an economical and quick way to connect to other parts of the Garden City all this makes boosting the realty sentiments further.

There are several educational institutions, healthcare facilities like Columbia Asia (Mysore), Rajarajeshwari Hospital (Kumbalgodu), Penesia Hospital (Kengeri), and Manasa Multispeciality Hospital (Bidadi) are among the prominent healthcare service providers, and recreational zones in this area that makes Mysore Road one of the best in terms of social infrastructure. Some of them are Bangalore University, Orchids The International School, Christ university, Metro View Inn, Transit Hotel, Rasta Cafe, Kamat Lokaruchi, epulo Vineyard Restaurant, Gopalan Arcade Mall, Gopalan Legacy Mall, Wonderla Amusement Park, Janapada Loka, Ranganathittu, temples and fort at Srirangapatna etc are some of the major tourist attractions

4. High Opportunities for Investment

Mysore Road has no shortage of good property investment options. With upcoming projects and improving infrastructure, this area will be of high appreciation among investors and property dealers. The set up of many large companies and industries has also contributed to boosting the real estate market in this part of the city.

5. Capital Values

Mysore Road has witnessed nearly 10 percent surge in capital values, QoQ. The property rates vary from Rs 1,900 per sq ft to Rs 4,900 per sq ft. Residential plots of various sizes viz 20x30, 30x40, 30x60, 40x60, 80x100 sqft are available along the Bengaluru Mysore Highway.

Rental Values

In terms of the rentals, the average rates for a 1BHK ranges from Rs 5,900 to Rs 7,000 per month, for a 2BHK from Rs 11,100 to Rs 13,800 per month and for a 3BHK from Rs 15,000 to Rs 20,500 per month. Mysore Road is good for the rental community as it is located in proximity to tech hubs which provides good connectivity.

Conclusion

Bengaluru-Mysore Expressway has recently become a realty hotspot. Bengaluru's hectic city life, traffic, and high pollution levels are encouraging potential investors to explore the city's outskirts as a real estate investment alternative. The Bengaluru Mysore highway provides superior infrastructure and seamless connectivity, ensuring a bright future. Plots appreciate more than apartments because, unlike flats, time has no deteriorating effect on your investment in a plot. As a result, plots are a good option if you're searching for investment and want to see your money increase.