Mysore is one of the largest cities in Karnataka. It is sited at the base of Chamundi Hill. It was known as the Princely State of the British Empire. Known to be one of the fastest-growing economies, it is a worthy city to live in. It is only 130 kilometers away from Bengaluru, the capital of Karnataka, and is home to the Mysore Palace. Know the details about this city here.
The Mysore real estate market is gaining importance due to the development of the IT belt, planned infrastructural projects, pleasant climate, and tourism picking up in recent years.
Commercial rates for smaller office spaces are also expected to go up since other services, unrelated to information technology, are also being outsourced to the city.
Mysore is a prosperous commercial hub for the Indian market. It has Infosys headquarters here. Property developers like Brigade Group, Sobha Developers are also present here. The city has launched large properties. In the present time, more and more corporations have chosen to move here for the obtainability of reasonably skilled labor.
In terms of infrastructure, Mysore depicts an old-world charm but projects slated for the future, like the Bangalore-Mysore Infrastructure Corridor, will drastically improve connectivity and encourage developmental projects within the city. The real estate market is growing in Mysore because of its adaptability in familiarizing it to a municipal city while recollecting its small-town superiority.
Traditionally, Mysore has been involved in cottage industries like weaving, sandalwood carving, bronze work, and the production of silk, lime, and salt.
It is the second-largest software exporter in Karnataka, close on the heels of Bangalore. In the financial year 2009–2010, the city contributed Rs 1363 crore to Karnataka’s exports. It has two industrial estates and six industrial areas. The prominent areas are Belagola, Belwadi, Hebbal, and Hootagalli. These are populated by Wipro, Theorem, BEML, J.K. Tyres, L & T, and many more.
Infosys has built one of the world’s largest corporate training centers for IT professionals while Wipro has established its Global Service Management Centre here. Besides new economy companies, other major players like Reid & Taylor, TVS, and Nestle have also set up manufacturing units here.
The Indian government has documented Mysore as number one among the twenty Tier-II cities of India. Yoga-related health tourism has also been on the rise in recent years.
Mysore was one of the first cities to undertake planned development in Asia. MUDA has partnered with the private sector to improve urban and transport infrastructure since the rise of IT and industrial companies, educational institutions, and tourism in the city. So, the healthcare sector is also developing accordingly.
Mysore’s real estate wealth is strong and on its way up as the city is following Bangalore’s growth pattern. The added advantage for Mysore is its quaint small-town lure, rich flora, and fauna, and royal history. So, the infrastructure of this city is great. People invest a good amount to buy properties here.
Mysore is connected via all three network roads, air services, and water services. They have good airports having all facilities. Mysore Junction railway station is well connected to many key cities in India like Kolkata, Delhi, Chennai, Jaipur, Bengaluru and many others by South Western Railways. The Shatabdi Express is one of the fastest trains to serve this station which offers free Wi-Fi facilities.
Mysore is linked by road to Tamil Nadu and Kerala and to Bangalore also. Auto-rickshaws are another cheap means of transport within the city.
The Mysore City Transport Corporation, Karnataka State Road Transport Corporation, and other private agencies provide ample bus services both between cities and within the city.