South India is increasingly gaining fame when it comes to real estate, especially Karnataka real estate.
Karnataka is a beautiful city in South India that has many cities belonging to Tier 1, Tier 2 and Tier 3 categories, Tier 1 cities having the best facilities. There are many cities that offer properties in Karnataka, making real estate a major sector. Before you plan to invest in Karnataka, you should learn of 5 cities that are growing really fast in terms of infrastructure, technology, etc.
Bangalore is one of the fastest growing cities not just in Karnataka, but in India and the information is probably not new to most people. Bangalore which is commonly termed as ‘The IT Capital of India’ has the highest number of IT companies and is a proud Tier 1 metro city. The cost of living is on the higher side given the advanced way of life in major parts of the city. Property investment in Karnataka real estate in Bangalore is best for those who wish to settle here. The south Indian city offers many areas for real estate and even outskirts are already considered as a part of Bangalore city, given the demand.
Mysore is a Tier 2 city that is also ‘The Heritage City’ being home to numerous heritage buildings including palaces. The city’s beauty does not end here – it has multiple tourist spots such as hills, lakes and more, and has also been identified as India’s cleanest city many times. Mysore is just a 3-hour drive from Bangalore yet offers a nearly comparable standard of living to the latter. It is mostly considered a residential city but it also has many IT companies as well as other industries and the number is constantly growing. The city is thus promising and a great choice to invest in Mysore real estate.
Mangalore is a fast city and belongs to the Tier 2 category. Mangalore is a sea port (Arabian) and thus is famous for beaches. It is one of the cleanest cities in India. The city is a major commercial centre of Karnataka and is has good international air connectivity, making it a top option in Karnataka real estate. Mangalore has many renowned educational institutions that provide quality education that can match international standards.
Chikmagalur is more famous as a hill station than a city but this must not meddle with its position in Karnataka real estate! Being a popular tourist spot, the city has valuable properties that will always be in demand. It is one of the few places that has both coffee plantations and tea plantations vastly. Tourist spots include ancient caves, mountains, temples and more. Chikmagalur is one of the biggest coffee suppliers in Karnataka.
Hubli is the second largest city in Karnataka, the first being Bangalore and is one of the most urbanised cities in the state making it a major part of Karnataka real estate. Hubli has numerous industries and is a commercial centre of Karnataka. The city is also famous for its IT companies. Hubli has a lot of rural area that is widely used for agriculture.
These are the 5 cities that are growing fast and play a major role in Karnataka real estate. A real estate consultant will be more qualified about the latest important information and will save you from any unforeseen legal trouble.