Mysuru Becomes Attractive Alternative for Homebuyers Amid Bengaluru's Rising Property Prices
Mysuru emerges as an affordable alternative as Bengaluru buyers feel the heat from AI jitters and soaring prices
Hindustan Times
Image: Hindustan Times
As property prices in Bengaluru soar, homebuyers are increasingly turning to Mysuru, Karnataka, for affordable housing options. With the Karnataka government planning to develop Mysuru as a technology hub, the city is emerging as a viable investment destination, especially amidst job uncertainties linked to AI advancements.
- 01Bengaluru's rising property prices are driving homebuyers to Mysuru.
- 02Mysuru is being positioned as Karnataka's next major technology hub.
- 03Property prices in Mysuru are 20-30% lower than in Bengaluru.
- 04Established developers in Mysuru are boosting buyer confidence.
- 05Mysuru is attracting a new demographic of working professionals and investors.
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With property prices in Bengaluru escalating, homebuyers are increasingly looking towards Mysuru, Karnataka, as a more affordable and livable alternative. Real estate experts report a noticeable uptick in inquiries for Mysuru, particularly as the Karnataka state government aims to establish the city as a significant technology hub to alleviate pressure on Bengaluru’s infrastructure. Chief Minister Siddaramaiah's 2026-27 Budget outlines plans for infrastructure development and industry-friendly policies to attract IT firms to Mysuru. This shift is evident as Bengaluru homeowners are liquidating assets in prime areas like Koramangala to invest in Mysuru, where property prices are 20-30% lower. For instance, a 4,000 sq ft property in Mysuru can be acquired for around ₹2 crore (approximately $240,000 USD), a price point challenging to find in Bengaluru. The presence of reputable developers such as Brigade and Sobha is further enhancing buyer confidence. Traditionally seen as a retirement haven, Mysuru is now appealing to working professionals due to its lower density and improving infrastructure, with rising demand in neighborhoods like Kuvempu Nagar and Gokulam.
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This shift towards Mysuru could lead to increased property development and infrastructure improvements, benefiting both new residents and investors.
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