Property in Karnataka

The state of Karnataka is situated in the southern part of the country. The city of Bangalore is the capital city of the state. Karnataka today is one of the most happening states in the country. It is also one of the leading industrialized states in the country. Other than the capital city of Bangalore, Mangalore and Mysore are the two most important cities here in this state. Bangalore is home to some of the leading I.T giants of the country. Karnataka is the ideal destination for commercial activities because of the massive infrastructure it provides.

Other than these factors, the capital city of Bangalore is the ideal place to be in during an Indian summer. It may not be as cool as a hill station but it is generally cooler than most Indian cities. Karnataka is a favorite tourist attraction. Mysore offers a nice sight seeing tour for a weekend trip. Besides, though it is in the state of TamilNadu the hill station of Ooty is a weekend trip for Bangalore. All the above factors have resulted in a huge increase in population here in Karnataka. People from other parts of the country are rushing to find a job here and build a career. This has resulted in huge increase in property prices here in Karnataka.

The state of Karnataka is known for its beautiful handicrafts. Here architecture and sculpture can be seen in every sphere of life. Architects who have designed houses here in Karnataka mainly design houses on the aesthetic designs. Karnataka is also a royal state. It is home to Tipu Sultan and the Maharajas of Mysore. If you move around Mysore or Srirangapatna, you will get plenty of evidence of its royalty. This also reflects a great deal on its architecture. Karnataka is a grand place to reside in.

Now if you are looking to buy property here in Karnataka you can approach property dealers here in this state. They may charge you a fee but they will give you a perfect picture of the real estate scenario in this city. You will get details about the property rates that are prevailing in various parts of the city. Besides, you may not have the time to go searching for your perfect home. You can tell the dealer about your requirements. The dealer knows the area very well. He will be able to get you a perfect place to reside. Things will be smoother if you move through a property dealer.

Registration is another hazard, which you will have to do once you buy property. Now since you may be new to the place you may not know any good lawyer. The property dealer is like your first friend in the locality. He will help you to hire a good lawyer to help you to register your new property.

Now if you have arrived in Karnataka for the short term it would be prudent if you rent some place instead of buying it. Here to you will need the property dealer, as the property owner may not trust you, as you are new. The property dealer will act as a guarantor on your behalf. However, under the Karnataka rental act of 1999 it is mandatory to impose rent on 10% on the properties capital value. The rent will increase once a year.