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Why You Should Be Investing in Mysore
Mysuru Has The Spark
Most Corporations and Organizations consider Mysuru to be the next best alternative to Bengaluru when it comes to startups. Consequently, the real estate business in Mysuru is booming. Mysuru welcomes people from different religions, cultures, and walks of life with open arms. Needless to say, its community and economy are perpetually flourishing.
Mysuru is a rapidly growing city. With a steady population increase of 2.5% every decade, Mysuru is the third most populous city in the State of Karnataka, according to the 2011 National Census Metrics. Sprawling over a vast space of 152 sq. km, Mysuru will continue to grow its well-being.
The Investment Speaks for Itself
PepsiCo recently announced the establishment of its latest unit in the city of Mysuru. Not just PepsiCo, many of the bigwigs of manufacturing and production have announced the foundation of their units in Mysuru as well. Asian Paints alone has invested a whopping ₹ 2500 crore to double its production. Simply put, more than 50 corporations have brought in thousands of crores as an investment in the growing city of Mysuru. Effectively, close to 50,000 job opportunities are estimated to be created in and around Mysuru as of September 2020.
Onwards and Upwards
In the last two decades, Mysuru witnessed the advent of notable software companies and MNCs. This significant change opened up the city and changed Mysuru’s outlook. It went from being modest and laid back to being hip and modern. Over this period, the lifestyle of the city has become much trendier and the real estate prices have skyrocketed proportionately. But there is still room for further rapid urbanization, similar to how Bengaluru urbanized back in the early 2000s.
Therefore mentioned developments are sure to set things rolling and the real estate prices are set to climb, steeper than before. If you ask us, now would be the best time to invest in a piece of Mysuru real estate.