The ring road encircling Mysore is about eight km. It connects the major road-routes of Bangalore on the northeastern side, the Hassan-Mangalore on the northern side, the Hunsur-Madikeri on the western link and Nanjangud-Ootacamund road on the southern side.
This is besides linking roads leading to places like Bannur-Kanakapura, Arakere-Mandya, Srirampura-H D Kote and others.
On the western side of the city, layouts have already come up beyond the ring road and layout formation works are on at a brisk pace nearly 12 km, i.e. 4 km beyond the ring road.
The land value in this area has crossed Rs 18 lakh an acre and is quoted at unbelievable rates, sometimes as high as Rs 35 lakhs (Rs 3.5 million), and, if one wants to buy land anywhere in this sector, one has to go beyond 12 to 13 km from the city, may be up to 15 km.
The land price boom -- an acre was being offered at Rs 300,000 to Rs 400,000 just 2 to 3 years ago -- is because of the Infosys campus in Mysore now.
The Infosys centre has become a landmark for agents and buyers. Site agents, waiting at the ringroad junctions, point towards Infosys to persuade a buyer.
Mysore almost touches Yelwal on this route now.
Stop at one of the circles linking the ring road or drive a little further and stop on the way under a tree, the local sub-agents will observe you closely and hesitatingly approach you with the query:
"Looking
for land, sir?" Evince interest, the sub-agent on the cycle or the motorcycle will take you to the main agent or show you the land that is available for sale.
At the teashops at Mahadevapura Circle and other junctions, middlemen and land buyers are seen huddled in groups and discussing land its extent, price, location and other aspects.
Compared to the eastern corridor, land is cheap here. It is available a km or two after the ring road. Up to a radius of 12 km the rate quoted is anywhere between Rs 13 lakhs (Rs 1.3 million) and Rs 15 lakhs (Rs 1.5 million) and beyond this at around Rs 12 lakhs (Rs 1.2 million).
The Mahadevapura Circle is the point where the controversial Bangalore-Mysore Infrastructure Corridor connects. Its chief Kheni has described the area as the future 'Silicon Valley' of Mysore.
There appears to be no exaggeration in his prediction if one goes by the land dealings and the new layouts coming up in this swathe.
Most of the site buyers are from Bangalore and NRIs. They see the Tier II city as the next best choice after Bangalore.
A city of heritage and tourist attractions, Mysore has a fully-operational ringroad. The roads are being widened within and around the city. With water sources closeby, calm and serene atmosphere in extensions -- they need no more attractions to settle in this royal city, though not for investing.
Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group
