| Karnataka has experienced rising amount of investment in real estate and property development market. Ever since the Information Technology (IT) boom in India, investors have shown increasing interest to invest in the state's growing
economy. The total land area of Karnataka is about 191,791 square kilometers. It is one of the more economically developed states in India. Its capital city is Bangalore - also known as Bengaluru. The thriving economy of the Karnataka, has led to increase in real estate prices as developers compete to acquire profitable locations. Non-resident Indians (NRIs) have also found Karnataka a good investment opportunity. The major cities of the state, such as Bangalore, Mysore, Bijapur, Mangalore, Belur, etc, have experienced increase in property prices - particularly apartments. The Government has played an important role in making Karnataka attractive to investors. These include improvement in infrastructure, such as construction or developments of highways, airports, etc. Besides IT, Karnataka also has significant tourism potential which has led to development of hotels, recreational centers, etc. Few recent real estate developments include - construction of 60 room VITS property by Kamat Hotels India Ltd in Club Road, Belgaum, India's first 'Staples' store in Marathalli, Bangalore, and development of airports at Gulbarga and Shimoga. As Karnataka continues to attract new residents, demand for residential and commercial property will continue to experience a rising trend.
More facts about Karnataka Total population is about 53 million. The official language is Kannada. Hindi and English are also spoken by a large number of people in the cities. Karnataka shares its boundary with the states of Maharashtra to the north, Andhra Pradesh to the east, Goa to the northwest, Tamil Nadu to the southeast and Kerala to the southwest. |
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