Possible rate cuts by banks

Imminent rate cuts by banks looks a real possibility now that Governor Rajan has made it clear that the cost of funds for banks have fallen substantially.
As usual banks have been rather reluctant to pass on the rate cuts to the end consumer in spite of couple of rate cuts by the RBI this calendar year. However, it is just a matter of time before banks are forced to pass on the rate cuts. Thousands of borrowers are patiently waiting for reduction in their monthly EMIs. Even corporate India has been very vocal on the impending rate cuts by the banks. On the ground economic activity will get a leg up when the borrowing costs comes down. Improved economic activity will result in higher income and will eventually boost the disposable income of the people.
Real Estate space should be one of the biggest beneficiary as and when the rate cut trickles down the system.
Now that the Governor himself has made his stand loud and clear, banks will have no option but fall in line by cutting lending rates, sooner rather than later.

Interest rates looks set for a fall in the near future, should I do part prepayment of my home loan?

Not necessarily. Home loan is a loan which is taken to create a long term asset. Concentrate on retiring high cost consumer oriented loans such as vehicle loan, personal loan, if any. Also, ensure Credit Card is paid within the due date. NEVER EVER carry forward the Credit Card dues.
Home Loan with a tax saving kicker effectively reduces the actual interest rate that a home owner actually incurs. This results in a substantial savings in the long run.
Home Loan is an excellent vehicle to fund a real estate purchase.

About Bogadi Road

Bogadi Road is one of the prominent localities in Mysore and well connected with the other parts of the city. It connects Mysore with Gaddige through Bogadi Gaddige Road. It has many well known Schools, Colleges, Institutes, Hospitals, Markets, Petrol Pumps, Banks and ATMs available nearby the locality.

Located on West of Mysore, Bogadi Road is surrounded by neighborhoods & landmark areas such as Bogadi, Vijay Nagar, Deepa Nagar, K Hemanahalli, Kumarbeedu, Madahalli, Karimuddinahalli, Gowripura, Aswal, Kayathanahalli, Shindenahalli and Gaddige. It is well connected by buses and public transports services through varoius Bus Stops.Transport facility is also very good in this locality. With fast developing locality and decent area, commercially potential is an advantage.

Bogadi Road as Investment Locality Bogadhi is an excellent locality for residential purposes and living away from hustle bustle of city yet close to all modern amenities. It has some excellent news for all who wants to invest on property in the Heritage City of Mysore.

Investment in the locality has shown very good return in recent years. It will not be a surprise if it becomes an investment hub in upcoming years as Real Estate and Construction has seen a rapid growth in the area.Property in Bogadi Road has built up areas ranging from 1,200 sq ft to 10000 sq ft. Projects offer Villas, Apartments and Plots of various configurations. You can find popular Villas, Apartments and Plots for sale in Bogadi Road at attractive rates.

Our Projects on Bogadi Road - Yesh Valley View

Located at the prime location of Bogadi Gaddige Road opposite Jawahar Navodaya Vidyalaya and alongside Kumarbeedu Bus Stop, Yesh Valley View residential layout had become a beautiful choice for residential purposes in the locality.

The layout is fully developed and houses are coming up. The amenities provided are of very good quality, especially electric cabling and other utilities. Storm water drains, parks and roads are really very well developed. Read More 

About Hunsur and Hunsur Road

Hunsur Road is one of the main roads of Mysore city and well connected with the other parts of the city. It connects Mysore with Coorg and other neighbouring districts. This road is part of State Highway 88 (SH88) that connects Mysore with Mangalore via Hunsur, Periyapatna , Madikeri, Sulya , Puttur and Bhantwal. While the Mysore to Hunsur section of SH88 is popularly known as the Hunsur road. Like other radial roads out of Mysore City, the Hunsur Road starts from the Mysore Palace vicinity.

Starting from Sayyaji Rao Road near KR Circle and heading westward, Hunsur road crosses the JLB Road at the junction of Hotel Metropole and Nanjaraja Bahadur Choultry. A little ahead on the road is the Hotel Regales, and opposite to it the archway that leads to the Krishnaraja Boulevard and the Gordon Park, a major heritage locality of Mysore.

After crossing the railway line appears Rangayana on the left. On the right side are the CFTRI campus and heritage mansions like "High View", "Jalasannidhi" and "Jaladarshini", all now functions as offices or as official residences.

Further ahead on the left appear the Kukarahalli Lake and the roads leading to University of Mysore campus. Chittaranjan Palace (now Green Hotel) is another heritage structure on Hunsur road around this area.

Hunsur Road is a central hub in the city. There are many places of interest that you must visit in Mysore, which has plenty of activities and things to do here. A visit to Hunsur Road will give you a greater insight in to Mysore. In and around Hunsur Road you can explore various places of interest including restaurants, shops and other establishments. Transport facility is also good in this locality. It is well connected by trains, buses and public transports. School, bank, ATM and hospital are available nearby the locality.

Our Projects on Hunsur Road, Mysore:-

Yesh Mega City Phase I & II - A Self contained township spread over 80 Acres. Read More..

Yesh Greens Phase I, II & III - An ideal home away from the hustle bustle of city life, yet close to upcoming developments with already sold out Phase I & II. Read more..

Yesh Green County - Located in the Holy town of Bettadur, with the 800 year old Historical Tourism hotspot - Gomatagiri Jain Temple - erected atop a 50 Meter tall Hillock, in close vicinity is a major tourist spot in Hunsur Road. Read More..

Way to Hunsur from Mysore

At somewhat 10 km from the city center, Hunsur Road crosses the Outer Ring Road and heads towards Hunsur. The right deviation on the ring road takes you to the Bangalore road (SH17) and the left deviation to ring road leads to the Ooty road (NH212). From Mysore city take Hunsur road for heading to places like Gommatgiri, Madikeri (Coorg) ,Subramanya, Mangalore, Hassan etc. The road is narrower and traffic slow-moving closer to the Mysore city center. However towards to outskirt it is wider. This is a 2 lane/4lane road almost till Madikeri, further in is 2 lanes.

Our Projects in Hunsur:-

Yesh Dream City - A 25 Acre mini township project facing Hunsur Road is well developed residential layout equipped with all necessary amenities.

Major Landmarks on Hunsur road:- 

  • Royal Orchid Metropole Hotel
  • Hotel Reggalis
  • Metropole Bus Stop
  • Pelican pub
  • Kalamandira Bus Stop
  • Paduvarahalli circle Bus Stop
  • MCTD Bus Stop
  • BM Hospital Bus Stop
  • The Green Hotel
  • Premier Studio Bus Stop
  • Aishwarya Petrol Bunk Bus Stop
  • Hotel Highway
  • Shell Petrol Bunk
  • MTDC
  • Heritage Honda
  • Grand Maurya Hotel & Resort
  • SRS Colony
  • Hootagalli Milk Dairy
  • KHB Colony
  • NKHB Colony
  • Excelsoft Tech. Pvt.
  • Belwadi
  • Kirloskar Electric Company Ltd.
  • MMC Factory
  • Gyansarovar Rajyoga Retreat Center
  • St. Joseph central School
  • Pyramid Timber Associate Pvt. Ltd.
  • Canra Bank
  • Yelwala Police Station
  • River Electronic and Techn. Services
  • Kuberaananda Sagara layout
  • RMP Bus Stop
  • Atomic energy central school
  • RMP
  • Yesh Mega City
  • Yesh Greens
  • Gomatagiri Jain temple
  • Vekateshwara Theatre
  • Govt. Hospital Bilikerea
  • Bannikupe Bus stop
  • Bus Depot
  • Cafe Coorg
  • Manjunatah temple
  • Hunsur Bus Stand
  • St. Joseph School
  • Abdullah and Christ riverview School
  • Hunsur Taluk Office
  • Swamy Aiyyapa Temple
  • Yesh Dream city
  • State Bank of Mysore
  • Balaji Palace