Residents of Mysuru's outskirts, in over 33 layouts approved by the Mysuru Urban Development Authority (MUDA), are struggling due to the lack of basic amenities like water and underground drainage. A dispute between MUDA and the newly-formed Hootagalli City Municipal Council (CMC) has left residents in limbo, as MUDA has not handed over these layouts to the CMC. Despite paying taxes to MUDA, residents are deprived of services. The CMC has requested the transfer of these layouts only after MUDA ensures all amenities are provided, with MUDA officials stating they will address the issue.Read more

Brigade Group and Accor have launched ibis Styles Mysuru, marking their second hotel in Mysuru and the fourth project from their ongoing partnership. This hotel is Brigade Group's 27th project in Mysuru and their 9th hotel in India with global brands. Located on KRS Road, the hotel blends contemporary design with local cultural elements, inspired by the nearby Ranganathittu Bird Sanctuary. Building on the success of their first Mysuru property, Grand Mercure Mysuru, this launch enhances their presence in India's hospitality sector. ibis Styles Mysuru offers 130 rooms, including 30 suites with small kitchens and private balconies, plus dining options, a pool, fitness centre, and event spaces.Read more

Developers in Mysuru are voicing frustration over an eleven-month delay in project approvals by the Mysuru Urban Development Authority (MUDA), causing financial strain and stalled housing developments. Key issues include a vacant chairman position, election-related delays, and ongoing MUDA scam controversies. More than 100 layout projects are on hold, impacting both developers and homebuyers. The Confederation of Real Estate Developers' Associations of India (CREDAI) is urging the chief minister and urban development minister to expedite approvals. As the backlog grows, there are fears of a potential housing crisis and stunted economic growth in the region.Read more

PNT Reporter

The Mysore Urban Development Authority (Muda) faces a financial hurdle in funding new development projects, prompting an ambitious plan to auction 200 premium sites and houses, aiming to generate INR 400 crore. Criticism from the Mysore Realtors' Association suggests Muda's reliance on selling existing plots reflects its financial strain. Muda clarifies that cancelled allotments to private developers are now up for auction, some of which have seen staggering value increases. The auction process awaits encumbrance certificates, and Muda seeks clarity on conducting it during elections. With limited land for new layouts and challenges in joint ventures, Muda views auctions as a crucial revenue source but faces concerns over long-term development sustainability.Read more

The recent adjustment of property guidance values in Mysuru is poised to impact the pricing of corner and intermediate sites available for auction through the MUDA. While authorities believe the quantity of auctioned sites would not change significantly, they acknowledge a potential slight price increase. In a recent auction, approximately 100 sites were listed for sale, with real estate experts noting that market prices in the same locality are notably higher than MUDA's base prices. The revision in guidance values may subtly influence the pricing landscape, emphasizing the need for buyers and investors to stay informed during MUDA's auctions.Read more

The City Urban Development Authority (CUDA) has revealed plans for a transformative 14-acre urban layout project in Masagapur. This initiative aims to address urban challenges by incorporating modern amenities, green spaces, and efficient infrastructure. The layout emphasizes a harmonious blend of residential and commercial zones, reflecting the concept of smart cities. CUDA's approach aligns with sustainable practices and technological advancements, fostering a vibrant and functional urban environment. Community input will be sought, making this a pivotal step towards creating a modern, future-proof cityscape in Masagapur.Read more

Along with the Peripheral Ring Road (PRR), Mysuru Urban Development Authority (MUDA) has suggested the establishment of seven clusters in the city, including clusters for heritage living, IT, clothing, health, education, pharmaceuticals, and multipurpose use. It will take about 27,500 acres of land to build these clusters, and it will cost around Rs 41,250 crore to buy that property. Despite certain stakeholders' reservations over the project's timing and strategy, a thorough plan and tactical implementation can guarantee a balanced and sustainable development for Mysuru's future.Read more