Readying for the future
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MUDA and MCC have announced a slew of measures that will prevent Mysore from going the Bangalore way, says R. KRISHNA KUMAR
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The year just gone by was notable for the downturn in the real estate scene and the virtual collapse in transaction in properties in Mysore. But what will be the New Year like?
Though analysts say the downturn will continue through greater part of 2009 before stabilising, there are at least a few new developments in the offing that should prop up Mysore’s image as an investment destination in the years ahead.
This confidence stems from many factors including the initiative of the city planners. Taking note of the chaotic growth of Bangalore, the Mysore Urban Development Authority (MUDA) and the Mysore City Corporation (MCC) have announced a slew of measures that will prevent Mysore from “going the Bangalore way.”
For smooth traffic flow
The immediate objective of the local authorities is to shore up infrastructure to prevent the traffic congestion on roads. So, on the anvil is a Comprehensive Traffic and Transportation Plan (CTTP) for Mysore. To be unveiled by June 2009, it will have short-term, medium and long-term transportation policies based on technical, economic and financial evaluation.
The CTTP is being prepared by ICRA Management Consulting Services Ltd. (IMaCS) and it will have a comprehensive mobility plan for all sections of society, including pedestrians. It will provide for convenient and cost-effective accessibility at speed and better comfort, a factor which is evaluated by investors and genuine home buyers scouting for property in any place.
With a 30-year timeframe, the CTTP will help rationalise the existing system and optimise the resources but will not alter the heritage profile of Mysore. The onus will be on better public transport system with improvement to the existing fleet, improved services, good connectivity and higher frequency which is expected to reduce the dependence on private mode of transportation.
Wooing investors
One can also look forward to the inauguration of the Mysore airport in the first half of 2009. For a city that is projected as the best investment destination after Bangalore, the inauguration of a full-fledged — and not merely a functional airport — is expected to tilt investment decisions in Mysore’s favour.
The runway is complete and can take on ATR 72 aircraft but what is heartening is the work in progress for the second phase which includes expansion of the runway to introduce Airbus and Boeing services, which however, will come at a later stage.
Observers say air connectivity will definitely give Mysore an added advantage as its proximity to Bangalore is a big positive which many investors do not overlook. For Bangalore-based IT and BT companies seeking to expand their base, the Silicon Valley of India may not be the option given the paucity of space and chaotic traffic conditions. Mysore could be a major challenger with its sprawling roads, lung space and greenery.
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