Berggruen Holdings is developing a residential township in Mysore, Karnataka, which will be a mix of residential apartments, villas and commercialized services over 235 acres.
Mysore is the second largest city in the state of Karnataka and is located 135 km from Bangalore, the state capital. The city is gradually evolving into an alternate destination for investments in the IT sector.
In recent years, Mysore has been witnessing unprecedented real estate growth, with a large number of housing cooperative societies having secured land for development of residential colonies. The recent acquisition by the Karnataka Development Authority of approximately 1,400 acres for development of IT parks has also helped boost the real estate market.
Berggruen Holdings is well placed to continue building its real estate portfolio in this vibrant and fast growing area of India.