Mysuru Film City Project and Its Growing Real Estate Potential

The Mysuru Film City is set to become a major development, covering 150 acres of land in the Immavu village of Nanjangud Taluk, just 20 kilometers from the heart of Mysuru city. The Karnataka state government has set aside the land and is moving forward with the project, which is expected to enhance the city’s infrastructure and economy.

While its commercial impact is still being evaluated, experts are optimistic about its positive effects on residential real estate. As Mysuru’s appeal grows, the residential property market is predicted to experience a significant boost. Real estate values, especially in nearby areas, are projected to rise by at least 5%, attracting investors and homebuyers.

Mysuru has always been known for its scenic beauty and cultural heritage, but the film city project marks a new chapter in its development. The city’s real estate market has seen consistent growth, thanks to the influx of investment from Bengaluru and other neighboring regions. Areas like Vijayanagar, Lalitadripura, and Hunsur Road are among the prime locations where property values have been climbing.

Property prices have already jumped from ₹4,000 per square foot to ₹5,500 per square foot, as more people move to Mysuru for its quality of life and economic opportunities. This upward trend is expected to continue, fueled by the growing demand for housing and commercial properties near the new film city.

In addition to residential growth, the commercial real estate sector in Mysuru is also poised for transformation. While the full extent of the film city’s impact on the commercial real estate market remains uncertain, certain areas have already seen a surge in interest.

The Vijayanagar area, which is emerging as a key IT corridor, is a prime example. Commercial rents in this part of Mysuru range from ₹80 to ₹90 per square foot, reflecting the growing importance of the city as a business hub. As the film city project unfolds, commercial spaces and industrial facilities are expected to thrive, attracting companies and businesses that seek to capitalize on the city’s evolving infrastructure.

Mysuru’s industrial landscape has also been expanding steadily, with government-backed initiatives contributing to its growth. The Nanjangud Industrial Area, located near the site of the film city, is already home to major global companies like Nestlé and AT&S. This area is one of the largest industrial zones in Karnataka and continues to attract new investments.

Furthermore, the Karnataka government’s plans to develop Mysuru into the “Semicon Valley of India” are expected to further drive industrial growth. The upcoming semiconductor manufacturing projects and the establishment of an international airport will create additional opportunities for real estate development, further solidifying Mysuru’s position as a key player in both industrial and residential sectors.

Real estate experts suggest that the film city’s development could serve as a catalyst for wider economic growth in Mysuru. As more people move to the region for work and lifestyle opportunities, demand for both residential and commercial properties will likely surge.

The state government’s proactive approach to infrastructure development and its focus on attracting global investments will likely continue to fuel the growth of Mysuru as a real estate destination. This emerging market offers exciting opportunities for both local and national investors, making it a key area to watch in the coming years.