Residential Sites For Sale In Mysore
Off late, Mysore has been a hotspot for real estate investments owing to the significant growth trend in the real estate market prices. 5 years ago, investment in real estate was a distant dream for many and preferred by only a few due to the risks that were involved. Another thing that mattered the most was a long-term commitment that people were unwilling to give for returns that were mostly uncertain.
Fast forwarding to the present, people have become aware of the market risks and the returns that came along with real estate investments, despite the high down payment that realty demands. The demand for real estate in Mysore has peaked to such an extent that residential sites for sale in Mysore are selling like hotcakes.
The real estate sector is India is gaining popularity even with the NRIs who prefer settling down back here in India. Whether you want to buy plots or sites in Mysore to build your dream home or you just wish to buy land in Mysore in a sense of future investment, 2021 is the right time to make it happen! Owning land in Mysore in 2021 is a start to a secure future investment.
Let Us Talk Numbers
To substantiate the above argument, let us provide you with some mind-bending numbers and analytics. From April 2016 to 2018, Mysore real estate market demand has grown by a staggering 187%. Today, the current rate per square foot for some residential sites in Mysore is nearing the ₹15000 mark and the average price per square foot is somewhere around ₹8990, according to www.makaan.com.
It all started in March of 2003 when the Government of India allowed 100% foreign direct investments and Indian real estate sector has never looked back, not even once, since then. Today the demand has risen so much that the availability of residential sites in Mysore for sale has become scarce with the prices skyrocketing with each passing day.
In no means is this discouragement, it just signifies the growth and the future scope for monetary investments in Mysore real estate. If you are just starting out your investment career in real estate, Mysore is a very good option for you to begin with smaller and risk-free investments. In addition to that, there are a few points that a novice investor should remember before investing, check them out.