Investments in Karnataka Real Estate

Karnataka is a state in Southern India and is ideally famous for its software industries. The majority of the Karnataka state lies on the Deccan Plateau. Bangalore is the state capital. Its alluring land embracing scenic surroundings, rich flora and fauna is always interesting the tourist. Bangalore, Jog Falls,the beaches of Karwar and Malpe, Golgumbuz in Bijapur, the stone temples of Belur and Halebid, Mysore Palace, the list is endless.

Karnataka has made rapid strides in recent years and its economy is fast flourishing resulting in large gains in property market. Karnataka is witnessing a trend of rising prices as the real estate developers are aiming its locations with promise to allot quality spaces at reasonable rates. The most popular segment of real estate in Karnataka, especially Bangalore, is apartments. The primary demand comes from the working population and the people who are not living in India, but investing in second abode here.

Hot Property Destinations in Karnataka

Map of Karnataka
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Cities in Karnataka including Bangalore, Mangalore, Mysore, Bijapur, Badami, Hampi, Belur represent a strong prospect for real estate investment that will further mark its growth in very near future and will see multipliers to their values.

Also, tourist destinations in Karnataka including Belgaum, Hampi etc have strong potential and have shown signs of leveraging on real estate developments followed by large appreciations in value.

Karnataka now expects to fund its infrastructure development on its own, once the revenue from its current projects starts flowing. A major part of investment for projects has been provided by the Union Government and foreign banks till now. 2007 will be a year of new hopes for Karnataka.

Moreover, there are more industrial projects to come up in Greater Bangalore which continues to draw talent from across the country and holds much promise as far as development is concerned. Under the Jawaharlal Nehru National Urban Renewal Mission (JNURM), the Centre had approved a whopping amount of Rs. 22,536 crore capital to fund different infrastructure projects here. The construction work of Bangalore city, seven CMCs, and one TMC holds the top position on the chart of such projects.

As the demands for commercial spaces and residential complexes continue to increase, property developers in Karnataka are gearing up to provide the best in infrastructure to investors that make real estate investments in the state worth the idea. Contrary to other developing states, Karnataka offers low cost operation base that is believed to be one of the prime reasons attracting interests from multinational ventures and Non Resident Indians (NRIs). And, with top names in Indian real estate settling down for exclusive built in spaces, the upcoming property projects in Karnataka are showing a growing trend of being booked before the completion period.

Catering to the residential requirements are real estate developers like Adarsh Developers who with Adarsh Palm Meadows in Bangalore, have set an example of an excellent benchmark for row houses and villas. Moreover, Karnataka Government has left no stone upturned to boost development activities in the state. In addition to the government endeavors, ready availability of an outstanding IT infrastructure and large pool of professionals, excellent weather are add-on features accounting for growing popularity of Karnataka.

Indianrealtynews.com brings you a comprehensive study presenting the hot property locations across Karnataka within the table given below.

Cities of Karnataka
Bagalkot
Gulbarga
Hassan
Belgaum
Haveri
Bellary
Kodagu
Bidar
Kolar
Bijapur
Koppal
Chamrajnagar
Mandya
Chikmagalur
Mysore
Chitradurga
Raichur
Davanagere
Shimoga
Dharwad
Tumkur
Gadag
Udupi