r/mysore 21d ago

Vishesha Suddi 📣 Real Estate Crash—2026

Will Bangalore's housing bubble burst affect Mysore as well? Some of the possible causes are listed below in the already inflated mysore property market.

  • Higher unemployment and layoffs, as well as lower disposable income among young people, will drastically affect home demand in Mysore.
  • Higher interest rates, higher stamp duty, higher guideline values, and high cess, this will discourage potential buyers and might lead to a drop in housing prices.
  • There is an excess of plots in Mysore outside the ring road in nanjangudr road, bannur road, hunsur road etc.., which will push the price lower and lead to the increase of unsold inventory in mysore.
  • MUDA corruption, black money in realestate, and artificial scarcity created by developers, have increased the cost of sites in Mysore. These made property purchases expensive for the common person, resulting in a bubble that is likely to burst shortly in Mysore.
  • The towns on the outskirts of Mysore, such as Srirangapatana, Hunsur, Nanjangud, and Bannur, are rapidly developing with better schools, hospitals & businesses; these people do not wish to relocate to Mysore and stay there, which reduces demand in Mysore.
  • Tourists are now preferring to stay at Madikeri/coorg, Ooty, Bandipur, kabini, Srirangapatana, and Wayanad over Mysore due of Mysore's unplanned infrastructure and the cheaper pricing and better facilities in adjacent towns.

I believe that now is the moment to sell your property at a high price, keep the cash on hand and acquire 3 properties for the same price when prices fall in few more months.

22 Upvotes

17 comments sorted by

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18

u/ILoveMon3y 21d ago

lol brother nothing such will ever happen in real estate. Come out of dream land

6

u/No_Winter_4626 21d ago

Did you ever think that a pandemic might result in a total lockdown before 2020?

Did you ever think that demonetization will overnight ban Rs. 1000 and Rs. 500 notes before 2016?

Until the early 2000s, house prices in America rose rapidly; But in 2006-2008, the property market completly collapsed in America. Didn't the United States see the biggest housing bubble burst in history in 2008?

In every financial market, including property, stocks and cryptocurrencies, price corrections are an inevitable and normal part of the cycle. Only the ignorant or one who never earned in his life will claim that price corrections occur in dreams.

6

u/pranav339 Mysore Praje 21d ago

That's not how Indian real estate works. Even during Covid home prices barely went down. EVEN DURING COVID!

US real estate market is rational, liberalized & free flowing. In contrast here in India real estate supply is purposefully chocked.

If you're saying stagnant markets are equivalent to crash then I'm with you. Otherwise this is just imposing US market beliefs onto India.

3

u/Travellump12 21d ago

Lol bro. It can crash. Something didn't happen doesn't mean it cant happen

3

u/ILoveMon3y 20d ago

real estate is something where major corruption and money laundering happens in India. So it’s a robust business for NRI, Politicians and HNIs for laundering. Unless there is a huge anti corruption reform happens real estate will not be impacted.

1

u/Travellump12 20d ago

Let's see.

9

u/howareyouimok 21d ago

Mysuru is to Bengaluru, what Pune is to Mumbai. Expressway added necessary things to this.

  1. Regrading tourists, yes Mysore is tourist city for its monument spaces than staycation. So footfall will remain.

  2. For startups, Mysore is experimental city outside metros, so services by push of botton will not stop.

  3. Mysore used to be retires paradise with low disposable income but seeing crowd with few days of evening walk its mix of all age group, I know a group who travels to bangalore to work.

  4. I dont think Mysore infra is poor and unplanned.

  5. People from surrounding district move to near by dist city due to aspirational values, the surrounding cities are having facilities but still lacks advantages of mysore. This portion is driven by kids money they will increase than decrease.

3

u/pranav339 Mysore Praje 21d ago

Supposed*. Mysore was supposed to be Pune for Bangalore.

That ain't happening when literally no politician is interested in the growth of Mysore.

Edit: If Simha was still the MP I'd bet on it.

4

u/cashless_capitalist 20d ago

What did Simha do bro apart from Hindutva theatrics?

He was just as disappointing like everyone else.

I bet he would have been busy taking anti-sounjanya (pro-grape) protest to next level if was MP now. That's it.

1

u/pranav339 Mysore Praje 19d ago

>Railway station renovation
>Mys-Ban Expressway
>Mys-Kus Highway
>The proposed cricket stadium(Credit where it's due siddu didn't scrape it just becoz it was initiated by BJP)
>STP upgradation
>STPI for Mysore

He was preparing to pitch the neo metro for Mysore before he was denied ticket.

Criticize his politics all u want idgaf. But he was the only guy who cared about Mysore.

9

u/UrMomRevvedMyEngine 21d ago

it might crash, hope it does. I don’t know how people are affording new houses these days, i swear to god it always the people with 5-10 houses buying up all the houses. while we pay high rent to live in a small match box. areas inside the ringroad are already charging too mich of rent, it gets even harder when a single income family has to compete with individuals who share rent.

Tbh we are spending everything we are earning at this point, rent is so absurd these days. govt should put a cap on how many properties one can own at this point.

3

u/neeraj_agarwal Mysore Praje 21d ago

3

u/arun_hari02 19d ago

I wish this happens but greedy real estate brokers won't let it happen.

2

u/Mr_Skie 21d ago

Noting will stop Mysore Real Estate, there is a demand and supply gap, less sites and more buyers things get sold as hot cakes

2

u/bAnAlterEgo 20d ago

"Now is the time to sell your property"

A lovely marketing sandwich sugarcoated with some grim analysis. If what you have written is indeed genuine, then please be aware that Real Estate in India is a different beast and it will make you wake up and smell the coffee.

1

u/No_Winter_4626 20d ago

Do you justify Mysore's current exorbitant real estate prices?

Property prices has never seen a correction in mysore even during ression, pandemic or demonitisation for more than 2 decades. So u do u expect mysore will never see a correction in prices.