A Guide to Investments in Real Estate in Mysore, India

Most of the humans are bound to settle down at some place during some point in their lifetime. In the dark ages, humans collectively lived around in caves and make-shift shelters. Fast-forwarding to medieval age, kingdoms fought against each other eons together for land or territory occupation. In the modern age, kingdoms have long gone and barbarian mindset of people have almost slumped to level zero, yet the human yearning for land and real estate has never stopped, if not increased. To suffice this, people have been managing to find ways to procure their share of land, to settle down with their family. Apart from trading in concerns like food supply, clothing, materials and other goods, humans have always pondered about the thought of investing their income, to save for their own future or for their progeny.

While investments in various portfolios have given good returns to all of humanity, it is essentially important to consider where exactly the investment is happening. People all over the world have chosen smart investments like gold, stocks & shares, banks, bonds and government schemes, but real estate certainly has to be the most underrated smart investment amongst all the above. Quite a lot of people, especially in countries like India, have a life-long dream of building their own house and settling down eventually in their later life, but have displayed differing interests when it comes to investment in the same. Considering the fact that population in India, a culturally diversified nation, is on a phenomenal rise, people vying for a piece of land share is sky-rocketing by day, as a result of which, the property prices are on a steep incremental graph, almost all the time.

This only goes to show that it is very important for people to consider investing in real estate portfolio. Purchasing a small property, be it an independent house or a flat, can offer a great return, either in the form of rental income or re-selling the same with a huge profit margin. With proper research and calculations, arguably real estate has one of the highest percentage of ROI (Return of Investment), albeit with some risks involved. For people who would like to consider the option of investment in realty, 2019 would be the best choice. As the saying goes, “Better late than never”, it is high time to invest your hard earned money in a property that is safe and promises high-end returns over a period of time.

But this definitely does not mean one should hurry up and spend all the money on something that is not well-researched. Beginner and novice investors often get lured by the lucrative promises of real estate and go ahead with the planned investment, without proper knowledge and facts check regarding the same. After all, it is your own money that you would want to invest, so it is rather advisable to know in and out about real estate and its benefits before dumping your money. Better safe than sorry is the motto every individual should follow when starting with real estate investments.

Real estate investments, especially in India is a booming sector with umpteen number of people buying and selling their property constantly. Karnataka, considered a safe haven for real estate investments by many, is next only to Uttar Pradesh and Maharashtra with most number of Tier-1 and Tier-2 cities, has one Tier-1 city and four Tier-2 cities. While Bangalore is a Tier-1 classified city, Mysore, Mangalore, Belgaum and Hubli are the Tier-2 cities. Most real estate opportunities flourish in these 2 tiers. Considering Karnataka as an example, the Tier-1 city Bangalore has the highest potential and its growth rate from April 2016 to April 2018 has increased by a whopping 90%. Mysore, on the other hand, has the highest growth trend amongst all the other Tier-2 cities in the same time period with a growth trend of 44%. While Bangalore has already been saturated, Mysore is the most sought after city for real estate investment.

People who were not able to find a suitable investment option in Bangalore are now seeking properties in Mysore as their investment options. For those looking to buy and re-sell after a couple of years, should invariably look out for plots for sale in Mysore. Others who want to settle down in this city should aim to purchase sites in Mysore and plan ahead of building their dream houses in this city, which is aptly suited for living a retired life. I say this now, before Mysore too becomes overly populated with people coming from all over and settling down. One thing is for certain, the realty trend is on an all-time high in Mysore, Karnataka and right now would be the perfect time for you to think of investing in this city.

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