Bangalore exodus: Why Mysore is the new hotspot for real estate amid affordability crisis

Bangalore, who has long been considered in the field of technology in India and the start of operation, is witnessing an increasing migration as the residents are increasingly seeking relief in the nearby second -level cities such as Mysore. According to Sarthak Ahuja, an investment banker who recently exchanged ideas about LinkedIn, this shift is driven by double pressure of high real estate prices and the deterioration of urban infrastructure in the metro.

Ahuja wrote: “The traffic in Bangalore has become so unbearable that the city is now the third worst global for congestion,” Ahua wrote. “On average, the population spends 134 hours every year stuck in traffic.” But crowding is only one of the payment factors. The high air pollution, water scarcity, and outdated civil infrastructure make the city’s life increasingly not sustainable. Meanwhile, real estate prices in Bangalore have increased significantly, making homes unreasonable for many. The apartments in the initial areas are now driving the growth of wage, while rental revenues have stagnated compared to investment costs.

This has prompted many residents to explore Missor, who is not only provided for comfort from urban chaos but also strong investment capabilities. “Last year alone, real estate prices in Missour increased by more than 50 %,” Ahua pointed out. “However, real estate is still 30-50 % cheaper than Bangalore, and rent returns are higher.” The apartments begin in the popular neighborhoods of Mysore, such as Kuvempu Nagar and Vijayanagar from 60 rupees, while distinguished sites such as Saraswatipram and JayalaKshmipram see entry prices about 1 crusher.

The cost of living is another major clouds, as expenses in Mysore are estimated at 10-20 % of Bangalore. Thanks to the improvement of contact-especially the Bangalore-MySore Expressway road that was completed in 2023-residents can reach any part of the city within 15 minutes, making the city suitable for living and accessible. The larger developers also noticed, as they got land for long -term projects that are expected to set a facilitator over the next decade.

“This is not just a Bangalore problem,” Ahuja stressed. “The metro is like Mumbai, Delhi, Jorgown and Bon, they face similar pressure. While the past decade has witnessed real estate growth in this metro, it is possible that the next decade will witness the second level cities as the initial growth engines.”

Experts say this trend migration reshapes the urban scene in India. While the cities of the metro wrestlers with infrastructure bottlenecks and the ability to withstand costs, the second -level cities such as Mysore, Kevasor, and satellite cities in Bonn are placed as attractive alternatives to both home owners and investors looking for higher returns with lower entry costs.