How Mysore Road location will be the best to buy residential property?

The demand of affordable house segment has increased in the outskirts of Bangalore.Lots of availability of large land parcels at lower price units and the rapid expansion of the city in all directions have encouraged real estate development even in the outlying areas.Also,the rapid infrastructural development such as Metro Rail and Peripheral Ring Road have increased the demand in the outskirts of Bangalore.

Connectivity and Development

Mysore Road realty development has grown much beyond.This sector has always remained a choice of the investors,owning to its proximity to hill stations such as Coorg,Ooty and Wayanand.The Mysore Road had witnessed a slow start in the development of real estate activity,as the area is in outskirts and there are no strong economic drivers for the area and the major portion of the sub-market features dense and old developments in small parcels of land.

The location gained importance in the residential and retail real estate market because of the proximity of various educational institutions and industrial development and good connectivity from Outer Ring Road and Nice Road.Even the construction of metro which is under progress from Mysore Raod Terminal to Kengeri (6.5km) will have stations at Nayandahalli, Rajarajeshwari Arch, Bangalore University Gate and R V College of Engineering.

Mysore Road location will be best to buy residential property compared to other part of city due to its connectivity and good options in low-mid end residential properties.The four lane State highway to Mysore has opened up the path for development.The construction of NICE road has too given a shot in the path of development.With the metro rail work under progress in this road,investors can look for a profitable return on their investments in this route.

Real Estate Development

The residential sector in Mysore Road is mainly dominated by low and midterm residential projects.Even the land value in this area is comparitably lower then the other areas of Bangalore.The location has many prominent educational institutions,hospitals and leisures and entertainment centres,including Wonderla Amusement park,Innovative Film City and Eagleton Golf Park. The existing residential catchments in this sub-market include Nayandahalli, Rajarajeshwari Nagar, Deepanjali Nagar and Kengeri, and the upcoming catchments include Ramasandra, Anchepalya, Kodipalya, Kenchenhalli, Kommaghatta and Kumbalgodu.

Projects worth buying in Mysore Road

Gopalan Sanskriti

About the project

Gopalan Sanskriti is located in Mysore Road and build up by Gopalan Enterprises India Pvt Ltd.The project has 2-3BHK luxury apartments designed on the principles of Vaastu with all modern amenities and delightful extras which will meet the needs of your unique lifestyle.The price of Gopalan Sanskriti ranges from Rs 47.5lakh-Rs 57lakh.The price per sqft is Rs 3800 and the area per sqft is 1250-1492.The possession of the project is by April2015.

About the Builder

Gopalan Enterprises India Pvt Ltd was founded in 1984 byMr.C.Gopalan,an architect,by profession.The builder has completed 16 projects and 8 ongoing projects. The Group is engaged in the promotion of Residential and Commercial properties along with Shopping Malls, Townships, Special Economic Zones, Software Technology Parks, Biotech Parks, Organic Farms, Educational Institutions, Export of Culinary, Medical Herbs, Star Hotels, Hospitals, etc.

Conclusion

Mysore road population base in the vicinity is increasing due to increased residential and commercial projects.In the recent coming areas the vicinity will witness more developmental activity because of the increasing demand of the property located in Mysore Road.

Bindu writes on behalf of RealtyCompass.com. a leading online real estate portal offers a quality of information on the India Real Estate market.