SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Mysore

MUDA plans five-star hotel in West Mysuru under PPP model

02 Apr 2025

The Mysuru Urban Development Authority (MUDA) is set to develop a five-star hotel in West Mysuru through a public-private partnership (PPP) model. This initiative aims to boost tourism and attract high-end visitors to the region, offering luxurious accommodations and amenities. The project is expected to generate significant economic activity and create job opportunities while enhancing the city's appeal as a tourist destination. MUDA is currently evaluating proposals from potential partners to finalise the investment and execution plans for the upscale hotel project in Mysuru.

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Heritage Heights: KHB announces premium apartment project near Mysuru's HD Kote Road

01 Apr 2025

The Karnataka Housing Board (KHB) has announced Heritage Heights, a seven-floor apartment project at Kenchalagudu, near Mysuru, with an estimated cost of INR 99 crore. The development will include 196 two- and three-bedroom flats, built on a 1.5-acre site within a larger 180-acre layout where KHB has already sold 2,397 sites. Despite MUDA halting its group housing plans, KHB is proceeding based on strong demand survey responses. Located 2.5 km from the Outer Ring Road on HD Kote Road, the complex will feature modern amenities such as a clubhouse, gym, swimming pool, solar power, car parking, playgrounds, and 24/7 water and security-mirroring Bengaluru-style developments.

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Mysuru Urban Development Authority allots 1055 sites under 50-50 scheme amid lokayukta probe

07 Mar 2025

The Mysuru Urban Development Authority (MUDA) is under scrutiny after a Lokayukta report revealed 1,055 site allotments under the controversial 50-50 scheme (2016-2024). Originally meant to compensate landowners, the scheme allegedly saw irregular allotments in upscale areas, raising transparency concerns. A 2017 High Court ruling worsened MUDA's financial losses. Allegations surfaced of up to 4,000 sites being allocated improperly, though the investigation confirms 1,055. The Lokayukta has urged a deeper probe, and a Bengaluru special court will decide on expanding the investigation.Read more

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Mysuru City Corporation's e-khata drive boosts December revenue by INR 1.7 crore

24 Jan 2025

The Mysuru City Corporation's (MCC) recently launched e-khata drive has significantly boosted revenue, with December collections rising by INR 1.7 crore compared to November, reaching INR 9.3 crore. The initiative required property owners to clear five years of pending property tax and water cess dues to obtain digitally processed khatas. Over 2,500 property owners settled arrears, addressing key revenue streams. MCC officials attributed the success to effective public awareness efforts and the scheme's structure, which motivated compliance. The drive showcases how innovative approaches and community engagement can enhance municipal governance and financial health, setting an example for similar initiatives elsewhere.Read more

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Mysuru Urban Development Authority initiates transfer of 900 residential layouts, benefiting over 38,000 property owners

13 Nov 2024

The Mysuru Urban Development Authority (MUDA) has initiated the transfer of 900 residential layouts to urban local bodies (ULBs), benefitting over 38,000 site owners by facilitating the issuance of khatas-essential legal documents for property ownership. This transfer encompasses areas like Hootagally and Bogadi and includes 194 parks across 3,830 acres. The process will start with 200 developed layouts on November 8, attended by local officials. This initiative aims to address long-standing issues with khata issuance, improving access to loans and essential services, ultimately enhancing governance and infrastructure in Mysuru. Continued communication and transparency are vital as the process unfolds.Read more

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Local bodies to take charge of MUDA-approved layouts in Mysuru

07 Nov 2024

Mysuru Development Authority (MUDA) has decided to transfer the maintenance of all its developed and approved layouts to local government bodies, including urban and rural councils. MUDA chairman G Lakshmikantha Reddy confirmed this decision during a recent meeting, emphasising that these bodies will now manage the layouts instead of MUDA. This shift follows a previous move by former Deputy Commissioner KV Rajendra, who decentralised khata issuing authority to local entities. Local bodies will also have the power to collect property and other taxes, enabling them to provide essential amenities effectively.Read more

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Mysuru: MUDA set to resume site auctions after year-long hiatus

24 Oct 2024

After a year-long pause, the Mysore Urban Development Authority (MUDA) is gearing up to restart auctions for corner and intermediate sites, a crucial revenue generator. MUDA has also acquired 14 sites surrendered by Chief Minister Siddaramaiah's wife, Parvathi, but these will be auctioned only after the investigation into the alleged scam concludes. The process was delayed due to the absence of a chairman, the 50:50 scam, and preoccupation with the Dasara festival. Now, with approvals pending, MUDA Commissioner AN Raghunandan has confirmed that site auctions will begin soon, offering around 200 sites across various localities.Read more

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MUDA and Hootagalli CMC dispute leaves Mysuru layout residents without basic services

30 Sep 2024

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

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Brigade Group and Accor launch their second hotel Ibis Styles in Mysuru

28 Aug 2024

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

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Mysuru developers demand action as over 100 projects face approval delays

16 Aug 2024

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

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Mysore Urban Development Authority auctions premium sites to bridge budget gap

PNT Reporter

21 Mar 2024

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

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Mysuru development sites auctioned online may see a slight price surge

12 Oct 2023

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

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CUDA unveils ambitious 14-acre urban revitalization project in Masagapur

18 Aug 2023

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

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Mysuru Urban Development Authority proposes seven clusters along with PRR

11 Jul 2023

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

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