Mysore
The Mysore real estate market is currently navigating a price correction phase after experiencing peak valuations in the latter half of 2025. While villas remain a primary component of the city's housing stock, the apartment segment has emerged as a high-growth area, recording a double-digit increase of 13.59% in average prices. Investors and homebuyers are evaluating these shifts, particularly as the market stabilizes around the ₹7,450 per sq ft mark.
The average asking price in Mysore is ₹7,450 per sq ft as of March 2026. This figure reflects a market adjustment, having depreciated by 5.11% from December 2025 to March 2026. Such a trend indicates a softening in seller expectations or a shift in the inventory mix currently active in the market.
Property prices in Mysore have shown a volatile trajectory over the past year, moving from ₹10,000 per sq ft in June 2025 to a peak of ₹11,850 per sq ft in September 2025, before correcting to ₹7,850 per sq ft in December 2025 and settling at ₹7,450 per sq ft in March 2026. This downward movement from the September 2025 peak suggests a period of market correction, which may offer more favorable entry points for prospective buyers compared to the higher valuations seen mid-2025.
As of March 2026, villas in Mysore command an average asking price of ₹7,450 per sq ft, while apartments are priced at an average of ₹6,350 per sq ft. Interestingly, while the villa segment has seen a depreciation of 5.11% from December 2025 to March 2026, the apartment segment has experienced significant growth, appreciating by 13.59% over the same period. This divergence highlights a shift in buyer preference or supply dynamics, where apartments are currently seeing stronger upward price momentum than villas.
A buyer should interpret the current price trends in Mysore as a period of recalibration, particularly given that the average asking price has moved from ₹7,850 per sq ft in December 2025 to ₹7,450 per sq ft in March 2026. The 5.11% depreciation observed in this timeframe suggests that the market is currently more favorable for end-users looking for value. Investors should monitor whether this downward trend stabilizes in the coming quarters before committing to long-term capital deployment.
