Since the outbreak of COVID in March 2020, the number of renters around educational institutions was low since schools and colleges were closed. Now however, with the resumption of oncampus classes, the fares in Mysore Have touched the sky.
For fear of their children getting infected if they send their children in school buses or auto-rickshaws, parents are preferring homes near schools. In areas near major educational institutions, ‘too late’ boards have disappeared and demand for housing is rising as families return from their hometowns to take their children to attend regular classes.
For example, Bogdi, RR . In Town, Dattagalli And Vijayanagar The rent for a two-bedroom house in Mysore city areas, which used to range from Rs 8,000 to Rs 10,000, has now increased to between Rs 11,000 and Rs 12,000. Even in Rupnagar area, the rent of independent houses is now above Rs 10,000. Till a few months back, it was less than Rs 8,000.
The fare in the upmarket Siddharthnagar area has gone up from Rs 18,000 to Rs 19,000 to Rs 20,000 to Rs 22,000. However, the demand for advances has come down drastically as landlords are more specific about the monthly rent.
Real estate agents say that the rents for homes next to educational institutions are usually higher. “It dropped last year after the closure of institutions, but now the demand is increasing,” said mruthyunjayappa, a real estate consultant in Bogadi.
The paying guest accommodations that have been closed since the last 18 months have also come back to life. The monthly fee starts from an average of Rs 4,500 in PGs around the University of Mysore (UOM) and Maharani College among others.
Santosh Kumar, Mysore district representative of Associated Management of Primary and Secondary Schools (KAMS), said house rents are generally higher in areas with many educational institutions. “Last year it was less. Now, with academic activities coming back on track, the rates have increased,” he said.
For fear of their children getting infected if they send their children in school buses or auto-rickshaws, parents are preferring homes near schools. In areas near major educational institutions, ‘too late’ boards have disappeared and demand for housing is rising as families return from their hometowns to take their children to attend regular classes.
For example, Bogdi, RR . In Town, Dattagalli And Vijayanagar The rent for a two-bedroom house in Mysore city areas, which used to range from Rs 8,000 to Rs 10,000, has now increased to between Rs 11,000 and Rs 12,000. Even in Rupnagar area, the rent of independent houses is now above Rs 10,000. Till a few months back, it was less than Rs 8,000.
The fare in the upmarket Siddharthnagar area has gone up from Rs 18,000 to Rs 19,000 to Rs 20,000 to Rs 22,000. However, the demand for advances has come down drastically as landlords are more specific about the monthly rent.
Real estate agents say that the rents for homes next to educational institutions are usually higher. “It dropped last year after the closure of institutions, but now the demand is increasing,” said mruthyunjayappa, a real estate consultant in Bogadi.
The paying guest accommodations that have been closed since the last 18 months have also come back to life. The monthly fee starts from an average of Rs 4,500 in PGs around the University of Mysore (UOM) and Maharani College among others.
Santosh Kumar, Mysore district representative of Associated Management of Primary and Secondary Schools (KAMS), said house rents are generally higher in areas with many educational institutions. “Last year it was less. Now, with academic activities coming back on track, the rates have increased,” he said.
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