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

Mysuru minister urges immediate action on road-widening projects to ease growing congestion

07 Mar 2026

The district in-charge minister for Mysuru, HC Mahadevappa, has directed officials to immediately advance a series of road-widening initiatives across the city to address escalating traffic congestion. In a meeting convened earlier this week, Mahadevappa emphasised the urgency of widening several arterial routes, including those connecting major junctions and public transport hubs, and instructed streamlined land-clearance and approval processes. The Mysuru City Corporation commissioner identified multiple stretches earmarked for widening, such as roads linking Dr BR Ambedkar Circle, Fountain Circle and the Suburban bus stand, as well as Pulakeshi, Hyder Ali and Dr Rajkumar Roads. Local legislators and senior administrators committed to coordinated action to accelerate implementation. The directives reflect growing pressure on urban infrastructure due to rising vehicle numbers and commuter demand in the historic city.Read more

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Mysuru Development Authority to auction 200 sites as buyer demand rises

05 Mar 2026

The Mysuru Development Authority (MDA) has announced an auction of about 200 residential and commercial plots in the city, following strong interest from buyers in past rounds. Premium plots in areas like JP Nagar and Vijayanagar have base prices ranging from INR 3.3 crore to INR 3.5 crore, while smaller and mid sized sites in Hebbal, Gayathripuram, Dattagalli, and Vasanth Nagar are priced between under INR 1 crore and INR 2.5 crore. Online auctions will be conducted in phases from late March to early April, with minimum bid increments set to maintain systematic bidding.Read more

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Mysuru civic body begins work on construction and demolition waste processing plant

21 Feb 2026

The Mysuru City Corporation (MCC) has commenced construction of a dedicated construction and demolition (C&D) waste processing plant on a 9-acre site in Hanchya-Sathagalli, near the city's Outer Ring Road, with an estimated cost of INR 11.7 crore. The initiative aims to tackle the nearly 100 tonnes of C&D waste generated daily in Mysuru by recycling debris into usable materials such as crushed bricks and aggregates for road building and other infrastructure works. The project sanctioned by the Mysuru Development Authority will have a capacity to process up to 100 tonnes per day and is expected to be operational within four months, supporting the city's efforts to curb illegal dumping and improve cleanliness as it prepares for assessment under the Swachh Survekshan national cleanliness ranking. MCC has already deployed tippers to collect debris and begun initial dumping at the site.Read more

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Texmaco Rail secures INR 27.67 crore order for Mysore railway electrification maintenance

18 Feb 2026

Texmaco Rail & Engineering Ltd has secured a maintenance contract worth INR 27.67 crore from South Western Railway for the Mysore division, covering 1,046 track kilometres of electrification infrastructure. The two-year mandate includes routine, emergency, and preventive maintenance to ensure uninterrupted traction power operations. With this addition, Texmaco's OHE and power supply maintenance portfolio has grown to 3,702.62 track kilometres across various Indian Railways divisions and select DFCCIL sections. The order reinforces the company's position in railway electrification services.Read more

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Mysuru City Corporation achieves record property tax collection of 88.4%

12 Feb 2026

Mysuru City Corporation (MCC) achieved its highest-ever property tax collection at 88.4% for the previous financial year, surpassing the earlier maximum of 79%. This improvement followed several initiatives, including listing major defaulters publicly, engaging women self help groups for collections, door-to-door drives, SMS reminders, and offering a 5% early payment rebate. The MCC now aims for full property tax recovery by the end of the current financial year. With around 1,83,000 properties under its jurisdiction, property tax continues to remain a major revenue source for the corporation's civic services and development projects.Read more

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Mysuru planning authority proposes to expand local planning area amid transport and infrastructure concerns

08 Feb 2026

The Mysuru Development Authority (MDA) has proposed increasing the city's Local Planning Area (LPA) from 519 sq km to nearly 1,200 sq km, covering the entire Mysuru taluk including Varuna hobli. This expansion aims to centralise urban planning, improve coordination, and align development with the Mysuru Master Plan 2031. Officials say it will standardise planning processes and priorities. However, experts warn that the plan lacks mass transport proposals, arterial road upgrades, and connectivity measures, which could challenge mobility and safety in peri urban areas as growth accelerates.Read more

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Mysuru development authority seeks landowner consent for large residential layout

04 Jan 2026

The Mysuru Development Authority (MDA) has invited landowners from four villages in Yelwal hobli to provide consent for a major residential project covering around 2,113 acres. Under the 50:50 development scheme, landowners will receive half of the developed land in exchange for their property. The project aims to create over 20,000 residential sites to address Mysuru's housing demand. However, villagers say they are not fully aware of the plan, and real estate experts have raised concerns about feasibility, investment costs, and the logistical challenge of obtaining thousands of signatures from over 1,500 owners.Read more

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Mysuru civic body steps up e-Khata drive to cover all 2.27 lakh properties

18 Nov 2025

Mysuru City Corporation (MCC) has relaunched a focused, ward-wise effort to issue e-Khata certificates for all 2,27,883 properties under its limits. So far, about 61,117 certificates have been granted mostly A-Khatas, with a smaller number of B-Khatas. The corporation has appointed nodal officers in its nine zones, aims to process applications in just a few days, and runs a weekly Friday campaign. Past lapses, income recovery, and corruption allegations have driven the urgency.Read more

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Mysuru: MDA online auction sets record as INR 59 lakh plot fetches INR 2 crore

26 Aug 2025

Mysuru Development Authority's (MDA) online auction of stray plots drew strong global participation, with bids far exceeding reserve prices and setting new benchmarks. A 745 sq ft corner plot in Vijayanagar IV Stage, valued at INR 59.6 lakh, sold for INR 2 crore, while a 4,133 sq ft site worth INR 3.3 crore fetched INR 9 crore. With 200 sites auctioned in four phases, each received an average of eight bids, though 25 single-bid plots may be cancelled. Some bids crossed INR 20,000 per sq ft-well above Mysuru's typical market range. The exercise, MDA's first in two years, generated record revenue for city development.Read more

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Mysuru Development Authority sanctions new layouts and digital property management drive

13 Aug 2025

The Mysuru Development Authority (MDA) has approved a series of measures to boost residential infrastructure and improve property management. Key decisions include auctioning corner and intermediate sites, allocating land to families of war martyrs, and approving layouts covering nearly 400 acres to meet future housing demand. The MDA will launch mobile apps for asset tracking, record digitisation, and monitoring legal disputes over land. Civic amenity sites for hostels and facilities by energy and education departments also received approval. Additionally, sale deeds will be issued to allottees upon clearing dues. The moves aim to enhance transparency, efficiency, and social recognition in Mysuru's urban development.Read more

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Government plans 20-acre township for Ambedkar Layout families in Mysuru

07 Aug 2025

In a move to provide permanent housing for residents of Ambedkar Layout in Ashokapuram, the Karnataka government will develop a dedicated township across 20 acres. Announced by the Social Welfare Minister and Mysuru district in-charge, the plan includes essential amenities to support holistic community development. Discussions are ongoing with the Mysuru Development Authority and local officials to finalise land within or near municipal limits. Financial support has been approved, with INR 1 crore allocated to renovate the local Community Hall and INR 20 crore for completing Ambedkar Bhavan. The project aims to uplift hundreds of families, reinforcing the government's commitment to social justice.Read more

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Mysuru seeks Grade 1 city status to boost funding and accelerate urban development

25 Jul 2025

The Mysuru City Corporation (MCC) has proposed an upgrade to a Grade 1 city corporation, a strategic move to unlock greater development opportunities and secure more central and state government grants. This proposal follows the abandonment of a "Greater Mysuru" plan due to insufficient population. The upgrade, which involves merging surrounding municipal councils and town panchayats, aims to boost tourism, trade, and job creation in Mysuru. This would position the city similarly to Hubballi-Dharwad, Karnataka's second-largest corporation, reflecting a push for accelerated urban growth and improved infrastructure in the region.Read more

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Mysuru city corporation launches weekly e-khata abhiyan to address delays

09 Jul 2025

The Mysuru City Corporation (MCC) has launched a weekly e-Khata Abhiyan every Friday to address delays in issuing e-Khatas. This initiative follows public frustration and concerns from real estate stakeholders regarding technical glitches. The MCC aims to issue at least 1 lakh e-Khatas by the end of the current fiscal year, from approximately 1.7 lakh properties. Public and real estate sectors remain critical of civic agencies' preparedness, citing unawareness of rule modifications and server issues among officials, which has affected property transactions.Read more

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Mysuru City Corporation achieves record-breaking INR 150 crore property tax collection

12 Jun 2025

Mysuru City Corporation (MCC) has collected over INR 150 crore in property tax within just the first two months of FY 2025-26, achieving 63% of its annual target of INR 237 crore. The boost came from a 5% rebate scheme incentivising early taxpayers, which remains active until the end of June. With 1.95 lakh revenue-generating properties across 65 wards, MCC's strategic drive is expected to significantly enhance civic infrastructure and financial planning in the months ahead.Read more

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Vivanta brand to debut in Mysuru as IHCL signs greenfield hotel amid rising regional growth

12 Jun 2025

Indian Hotels Company Ltd (IHCL), the hospitality arm of the Tata Group, has entered into an agreement to launch a 115-key greenfield hotel in Mysuru, Karnataka, under its Vivanta brand. The announcement aligns with the company's broader strategy of tapping into rapidly developing cultural and economic centres. The project, in partnership with the Farah Group, will leverage the benefits of enhanced connectivity in the region, notably due to the Bengaluru-Mysuru Expressway. With this addition, IHCL's footprint in Karnataka now stands at 26 hotels, of which 12 are currently under various stages of development.Read more

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Mysuru engages women-led SHGs for property tax and water bill collection

10 Jun 2025

The Mysuru City Corporation (MCC) has initiated a unique revenue enhancement drive by enlisting women's self-help groups (SHGs) for door-to-door collection of property taxes and water charges across all 65 wards of the city. Eight SHGs have been selected for this initiative, based on their digital literacy, educational backgrounds, and computer skills. These groups, registered under the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM), will not only boost the civic body's revenue collections but also create livelihood avenues for women. Simultaneously, six other SHGs have been assigned the maintenance of city parks, signalling a shift from contractor-based systems to community engagement models.Read more

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ED intensifies probe into MUDA's controversial 50:50 land allotment scheme

26 May 2025

The Enforcement Directorate (ED) has requested additional information on three specific survey numbers from the Mysore Urban Development Authority (MUDA) as part of its money-laundering investigation into the controversial 50:50 land allotment scheme. The probe, which follows allegations of collusion and irregular land transfers, has prompted MUDA to furnish detailed allotment and acquisition records for properties spanning Basavanahalli, Hebbal and Devanur villages. The ED's intensified scrutiny aims to uncover financial misconduct and ensure accountability in the allocation of over 1,000 compensatory sites under the scheme.Read more

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Mysuru's B-Khata initiative aims to regularize unauthorized properties and boost tax revenue

06 May 2025

The Mysuru City Corporation (MCC) has intensified its B-Khata drive to regularize unauthorized properties and bring them under the tax net. Launched earlier this year, the initiative aims to issue temporary registrations to 27,616 such properties over the next 16 months. The drive has received a positive response, with over 2,300 B-Khatas issued so far. To ensure transparency and eliminate middlemen, MCC has implemented measures such as installing CCTV cameras and replacing officers. The initiative is expected to boost property tax revenue and streamline the registration process.Read more

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Mysuru's INR 8,600 crore infrastructure push: PRR, new bus terminal, and rail upgrades set to transform city

28 Apr 2025

Mysuru is undergoing a major transformation in 2025 with over INR 8,600 crore invested in urban mobility and infrastructure. The proposed 102-km Peripheral Ring Road, backed by a INR 7.75 crore DPR allocation, aims to ease long-term congestion. A INR 120 crore KSRTC suburban bus terminal at Bannimantap will shift traffic out of the city centre. Rail upgrades at Mysuru Station and enhanced passenger amenities are underway. The recently inaugurated INR 8,478 crore Bengaluru-Mysuru Expressway has cut travel time to just 75 minutes, boosting regional connectivity. Together, these projects position Mysuru as a modern, well-connected, and future-ready urban hub in Karnataka.Read more

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Mysuru Real Estate: KHB to extend application date for Heritage Heights until May 2, 2025

14 Apr 2025

The Karnataka Housing Board's Heritage Heights project in Kenchalagudu, Mysuru, has received a lukewarm response, with only 52 applicants for 192 flats. The project offers 160 two-BHK units at INR 49.4 lakh and 32 three-BHK units at INR 63 lakh. Due to low demand, the application deadline has been extended from April 2 to May 2. Experts cite buyer preference for individual homes or city-centre apartments as a key reason. Located on Mysuru's outskirts, the project faces challenges despite its affordability and official backing. KHB may need to re-evaluate pricing, location, and promotion strategies to improve uptake for this and future developments.Read more

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