Residential
How Infrastructure Growth in Mysore is Attracting NRI Real Estate Investors
April 16, 2025
With its rich cultural heritage and tranquil lifestyle, Mysore is rapidly becoming a desirable destination for NRI property investment. As infrastructure develops faster, there is better connectivity and robust real estate growth in Mysore. The city presents optimistic opportunities for foreign investors to invest in Indian property.
Strategic initiatives such as the Bangalore-Mysore Expressway, Mysore Airport expansion, and the development of Special Economic Zones (SEZs) are key factors driving real estate demand. Also, with rising rental income prospects and demand for luxury apartments, NRIs are looking to invest in Mysore for wealth creation and retirement.
This article delves into Mysore property investment for NRIs and what NRIs should legally consider before investing in real estate property in India.
Why Mysore is Stealing NRI Focus ?
Several notable factors propel the increased popularity of Mysore's real estate market with NRIs:
1. Infrastructure Development Driving Real Estate Expansion
Large-scale infrastructure developments enhancing connectivity and the overall standard of living are key drivers of the real estate industry in Mysore. The Expressway connecting Bangalore to Mysore cuts travel time between the two cities to less than 90 minutes, which is a real estate driver. Increased accessibility allows NRIs to regularly visit Bangalore on business or personal trips to maintain a house in Mysore without breaking away from Karnataka's economic hub.
Moreover, the expansion of the Mysore Ring Road is making erstwhile inaccessible land more viable for real estate purposes, offering greater investment options for NRIs seeking homes in emerging areas.
2. Mysore Airport Expansion and Enhanced International Connectivity
One of the biggest issues for NRIs investing in Indian real estate is accessibility. With the continued development of Mysore Airport, connectivity to major domestic destinations is improving, making it easier for NRIs to travel and oversee their properties. Even though Kempegowda International Airport in Bangalore remains a prime entry point, the availability of direct domestic flights from Mysore to key Indian cities is an added advantage.
Foreign connectivity and expansion plans could also make Mysore more attractive to NRIs seeking investment or retirement homes.
3. Special Economic Zones (SEZs) and Industrial Growth
Another reason why NRIs are focusing on Mysore is the presence of industrial corridors, IT parks, and special economic zones (SEZs). The city is experiencing rapid employment growth, which is driving demand for residential properties, rental housing, and commercial spaces.
Key developments include:
- Emerging IT hubs that provide employment opportunities attract a sizeable working population.
- Industrial zones and SEZs contribute to economic growth and increase the demand for housing.
- Expanding educational institutions and research centres have increased rental demand from students and professionals.
For NRIs looking for long-term rental income opportunities, Mysore’s thriving job market and the influx of working professionals ensure a steady flow of tenants.
4. Affordable Property Prices with High Appreciation Potential
Compared to real estate markets in Bangalore, Mumbai, or Delhi, Mysore offers significantly lower property prices with high appreciation potential.
Key advantages include:
- Lower cost per square foot than metro cities, allowing NRIs to invest in larger homes or premium properties.
- Increasing property values due to infrastructure growth, ensuring long-term capital gains.
- Gated communities, luxury villas and premium apartments at a fraction of the price of similar properties in bigger cities.
For NRIs looking for real estate investment opportunities, Mysore offers a great balance of affordability and long-term appreciation, making it an excellent alternative to Bangalore’s saturated market.
5. Strong Rental Income Potential
With the influx of IT professionals, students and corporate executives, Mysore is witnessing a rise in rental demand. NRIs investing in rental properties can expect the following:
- Consistent rental yields, particularly in areas close to IT hubs, educational institutions and industrial zones.
- Higher occupancy rates, as Mysore is attracting a growing workforce from different parts of the country.
- Short-term vacation rental opportunities, with increasing tourism in Mysore leading to demand for serviced apartments and homestays.
For NRIs looking for passive income through rental properties, Mysore presents an attractive option with low investment risks and steady rental returns.
6. Safe and Peaceful Living Environment
Many NRIs consider Mysore an investment destination and a future retirement home. The city offers:
- Lower pollution levels compared to Bangalore and other metro cities.
- A slower, more relaxed lifestyle that is ideal for post-retirement living options.
- Superior healthcare facilities with world-class hospitals and medical centres.
- Strong law enforcement and a peaceful social environment make Mysore one of the safest cities in India for families and senior citizens.
For NRIs planning their long-term return to India, Mysore’s comfortable lifestyle, lower living costs and excellent healthcare facilities make it a prime choice for retirement homes or second homes.
7. Favorable Government Policies for NRI Investments
The Indian government has introduced several policies to facilitate NRI real estate investments in cities like Mysore. Some key advantages include:
- Ease of property purchase, as NRIs can buy residential and commercial properties without special permissions.
- Availability of NRI home loans from leading banks and financial institutions.
- Liberalised repatriation policies allow NRIs to send rental income and property sale proceeds abroad under specific conditions.
- Increased digitisation of property records makes it easier for NRIs to verify documents and complete transactions remotely.
These policies make investing in Mysore’s real estate hassle-free for NRIs wishing to own property in India.
8. Smart City Initiatives and Sustainable Development
Mysore’s inclusion in the Smart Cities Mission has led to several urban development projects, enhancing the city’s infrastructure and livability. Focusing on sustainable and eco-friendly developments makes Mysore a future-ready city, further increasing its appeal to NRIs who prefer environmentally conscious investments.
Key Infrastructure Projects Driving Investment
Bangalore-Mysore Expressway:
The Bangalore-Mysore Expressway is a game-changer for the city, reducing travel time and increasing Mysore’s connectivity to Karnataka’s capital. This major highway will increase real estate demand in areas close to the expressway corridor.
Mysore Airport Expansion:
Mysore’s airport is upgrading to accommodate more domestic flights, making it easier for international travellers to reach the city. Additionally, its proximity to Bangalore International Airport (approximately 170 km) ensures seamless global connectivity.
Mysore Ring Road Development:
The Mysore Ring Road project enhances connectivity across the city, making newly developed areas more accessible and increasing their investment potential.
Industrial Corridors and SEZs:
Mysore’s industrial zones and SEZs are boosting employment and increasing the demand for residential and commercial spaces. These developments contribute to steady property appreciation and long-term investment security.
Best Places to Invest in Mysore for NRIs
Mysore offers a variety of investment-friendly localities, each catering to different real estate needs. Some of the best places to invest in Mysore for NRIs include:
- Vijayanagar: A rapidly developing residential area with high-end apartments and gated communities.
- Hebbal: A prime location with proximity to industrial zones, IT parks and Mysore Airport.
- Gokulam: A commercial space that aligns with the highest standards of functionality and comfort. Brigade Point is a notable project offering premium retail and office spaces for rent.
- Lalitadripura Road: Offers luxurious villas and a scenic ambience, making it perfect for high-net-worth investors. Brigade Palmgrove in this area is a premium villa community designed for an exclusive lifestyle.
- Nanjangud Road: A fast-developing region with both residential and commercial investment potential.
These localities provide excellent options for property appreciation in Mysore and high rental demand.
Types of Properties Available for NRI Investment in Mysore
- Residential Apartments: NRIs can invest in luxury apartments in Mysore, which offer modern amenities and strong appreciation potential. Apartments in gated communities provide enhanced security and lifestyle benefits.
- Villas and Gated Communities: For NRIs looking for spacious living, villas in Mysore’s gated communities offer privacy, exclusivity and premium amenities.
- Commercial Real Estate: Industrial corridors and SEZs drive economic growth, so NRIs can consider investing in office spaces and commercial properties for high rental returns.
Navigating the NRI Real Estate Investment Process
Investing in Indian real estate as an NRI (Non-Resident Indian) involves several legal, financial and procedural considerations. While Mysore’s real estate market offers strong appreciation potential and rental income opportunities, NRIs must follow a structured approach to ensure a smooth and secure transaction. Below are the key steps to effectively navigate the NRI real estate investment in Mysore.
1. Legal Considerations and Regulations
NRIs can purchase residential and commercial properties in India but cannot invest in agricultural land, farmhouses, or plantations. It is essential to:
- Verify property ownership and legal clearance – Ensure the property has a clear title and is free from legal disputes.
- Check RERA registration – Projects registered under the Real Estate Regulatory Authority (RERA) ensure greater buyer transparency and protection.
- Confirm land use classification – Some properties may be designated for specific usage; check zoning laws before purchasing.
2. Financing Options for NRIs
NRIs can finance their property purchases through:
- Self-funding via NRE/NRO accounts – All real estate transactions must be conducted in Indian Rupees (INR) through an NRI bank account in India.
- NRI Home Loans – Indian banks and NBFCs offer home loans to NRIs, subject to eligibility criteria such as income, employment status and credit history. Loan repayment must be made through NRO/NRE accounts.
- Power of Attorney (PoA) – If the buyer cannot be physically present, granting a trusted individual PoA allows them to complete the purchase process on their behalf.
3. Repatriation of Funds
NRIs earning rental income or selling property in India must adhere to RBI’s Foreign Exchange Management Act (FEMA) regulations for repatriating funds abroad. Key points include:
- Rental income can be transferred to an NRE account and repatriated, subject to tax compliance.
- The sale proceeds of a property can be repatriated up to USD 1 million per year, provided that the initial purchase was made using foreign funds.
4. Finding a Reliable Real Estate Agent and Legal Advisor
NRIs should engage trusted real estate consultants and legal advisors to:
- Conduct thorough property due diligence and verify documents.
- Assist with price negotiation and transaction formalities.
- Guide on tax liabilities and legal compliance.
Conclusion: Mysore – A Smart Investment Choice for NRIs
With rapid Mysore infrastructure development, growing industrial corridors and increasing property values, the city is emerging as a prime destination for NRI real estate investment. The city’s affordability, strong rental income potential and high property appreciation rates make it an attractive choice for overseas investors.
Whether investing for rental income, long-term capital gains, or a retirement home, NRIs can benefit from Mysore’s real estate market trends for 2025. As connectivity and infrastructure continue to improve, Mysore is set to become one of the best property investment destinations in South India.
FAQ's
1. Is Mysore a good place for NRI property investment?
Mysore’s growing infrastructure, affordability and real estate appreciation rates make it an ideal destination for NRI investors.
2. How is Mysore’s infrastructure attracting NRI investors?
Key projects like the Bangalore-Mysore Expressway, the expansion of Mysore Airport, and SEZ developments are increasing the city’s investment potential.
3. What are the best real estate investment options in Mysore for NRIs?
For long-term gains, NRIs can invest in luxury apartments, gated communities, villas and commercial properties.
4. Can NRIs buy property in Mysore?
NRIs can purchase residential and commercial properties but not invest in agricultural land.
MUST READ
Looking for something specific?
We'd be delighted to help you.
