While presenting the Budget on March 6, Chief Minister Siddaramaiah said the state government plans to strengthen infrastructure and introduce supportive policies to attract technology firms to Mysuru, which is increasingly being considered by IT and IT-enabled services companies as an alternative base outside Bengaluru.
The state government has also reiterated its focus on housing development across the state, with thousands of homes being completed under various schemes and additional support planned to accelerate affordable housing projects.
Siddaramaiah said 4,19,454 houses have been completed at a cost of ₹7,328 crore, with a target of 3 lakh houses this year. The government will also complete 4.9 lakh previously approved houses left unfunded by the previous administration.
Real estate developers believe that the Budget’s focus on decentralising growth from Bengaluru could encourage IT companies and startups to consider Mysuru as an alternative destination, which in turn may spur demand for office space, rental housing and plotted developments in the region.
“The Karnataka State Budget reflects a continued emphasis on infrastructure development as a key driver of urban growth. The allocation for urban development, along with proposals such as a second international airport for Bengaluru and investments to strengthen domestic aviation infrastructure, are important steps toward improving regional connectivity and supporting the city’s long-term economic expansion. Such initiatives can play a meaningful role in shaping new growth corridors and supporting the steady expansion of housing across the metropolitan region,” Ramani Sastri, Chairman and MD, Sterling Developers, sai
