The city of Mysore has emerged as one of the hottest property destinations in the country. It has been a historical city that has held importance in the tourism circles in the past. However all that has changed and the city is now considered to be one of the most important centres of economic activity and development. Over the years, the state government has been able to capitalize on the opportunities available in the city. It has been developed as a major centre of IT services and real estate Mysore this year has emerged as one of the most sought after real estate assets across the country. What has changed about the city and why is it so popular now and not earlier?
Factors governing the growth of Mysore
There are numerous factors that have caused the growth of property in Bangalore. Among these is the vicinity of the city to Bangalore, the IT capital of India. Value of land and property prices have escalated in Bangalore and therefore setting up businesses in the city has become all the most expensive. It is true that the city is the hub of the best new technology start-ups in the country. but there are other organizations which require offices on a bigger scale to man their operations but have not been able to establish them because of the high costs. This is where Mysore comes in. The city is a well established city that has been a popular tourist destination. It lies five kilometres away from Bangalore by road and is considered to be one of the most important hubs of IT sectors in the state today.
The government realized that the vicinity of Mysore could be used for economic development. Therefore it did not establish one but three special economic zones in the city. These special economic zones are now home to the IT companies that contribute the second largest revenues generated by an IT hub in the city. They have generated employment opportunities in the state unlike ever before. The rise of employment leads to affordable income and they in turn lead to the property investment in the city. This is what has yielded apartment development in Mysore and this development continues to increase.
The property markets had undergone a vicious slowdown in the past few years and they are only now re-emerging from the shadows of slow sales. The interest rates prevented opting for home loans earlier but that is not an issue any more. This is the reason why there is a high demand for property for sale in Mysore. As a result of this high demand, there is an increased pace of development in the Mysore city.
To conclude- Finding the best houses in Mysore city
If you are looking for properties to invest in Mysore, then now there is a presence of property portal housing.com in the city which would allow you to search for houses there from anywhere anytime. Housing.com is a real estate portal that utilizes technology and data analysis to offer property related solutions to end users.
The portal endeavours to offer the best property services so that the property seekers do not have to keep visiting every property to decide on whether to select one or not. Numerous innovative approaches have been taken to offer such solutions to the end users.