Industry estimates predict the creation of over 40,000 jobs, both directly and indirectly, which will inject significant wealth into the economy. This surge has attracted home buyers seeking quality living. Mysuru’s real estate market is undergoing rapid development, with the Mysuru Urban Development Authority (MUDA) working diligently to harness this increased interest from across India. Particularly, Bengalureans are actively purchasing plots and residential apartments in Mysuru. Recognizing this opportunity, many reputed builders have launched luxury projects to attract premium customers.

In this blog, we will explore the factors making Mysuru the top choice for luxury apartments.

Factors Driving the Growth in Demand for Luxury Apartments

1. Mysuru-Bengaluru Belt: An Ideal Location for Semiconductor Manufacturing

According to Mr. Amitabh Kant, Former NITI Aayog CEO, in the recently concluded India Global Innovation Connect in Bengaluru, “The Mysuru and Bengaluru belts are being considered ideal locations for setting up a semiconductor manufacturing facility.” The central government is also considering establishing India’s first Quantum Computing Tech Park here, where young professionals will be trained in emerging technologies. This economic boost indicates a growing demand for luxury residential apartments.

2. Robust Infrastructure Development

Mysuru is renowned for its wide roads and excellent town planning. The city`s infrastructure has significantly improved due to the launch of the Bengaluru-Mysuru Express Corridor, which has reduced travel time between the cities to 1.5 hours, making Mysuru an attractive option for home buyers.

3. Top-Notch Amenities on Offer

The search for luxury apartments starts with an emphasis on holistic living. Home buyers seek amenities that complement their lifestyle. This demand has led many builders to offer a range of world-class amenities, including fitness centers, spas, wellness centers, leisure zones, entertainment zones for adults and kids, lavish clubhouses, outdoor halls for celebrations, jogging tracks, and landscaped gardens. These features attract home buyers who prefer tranquility amidst urban chaos.

4. Mysuru’s Location & Vibe

Mysuru is celebrated for its peaceful living, offering a perfect blend of urban atmosphere and tranquility. Additionally, its proximity to places like H.D. Kote, Chamrajnagar, Bandipur, Madumalai, and Coorg makes it attractive to those interested in nature tourism. Especially after COVID-19, there has been a surge in travel, and people enjoy exploring new destinations, both on weekdays and weekends.

5. Value for Money

As a Tier-2 city, Mysuru offers better value for money, with apartment prices being slightly lower compared to metro cities. The city`s connectivity, especially via the Outer Ring Road, allows for easy access to any part of Mysuru. Many luxury projects are conveniently located within 5 to 10 minutes from the Outer Ring Road. Combined with the upscale amenities, this makes Mysuru a top choice for home buyers.