Real Estate Properties in Bellary

Bellary is a historic city in the Bellary district of the Indian state of Karnataka. The city derives its name from the word ‘Balari', which refers to goddess Durugamma. Bellary is known for the numerous iron and steel plants, whose presence can be attributed to the availability of huge deposits of iron and manganese ore in the Sanduru hill ranges.

Apart from for the production of iron and steel, Bellary is known for its textile and garment units. The growth of the famous cotton and silk "Ilkal” sari is credited to the patronage provided by the local chieftains in and around the town of Bellary. Moreover, since granite rocks and hills form an important feature of Bellary, granite quarrying is big business.

Bellary lies in the semi-arid region of Karnataka and the district shares its borders with the Raichur district on the north, Chitradurga and Davanagere districts on the south, Anantapur and Kurnool districts of Andhra Pradesh on the east and Koppal district on the west.

Bellary is also known for its medical facilities, which comprise an array of renowned hospitals and health centers like Vijayanagar Institute of Medical Sciences (VIMS), the District Hospital, Government Wellesley Tuberculosis and Chest Diseases Hospital, and so on.

Stats and Facts

• The population of Bellary, as per the provisional reports of the 2011 census, is 4, 09,644.
• As per the census 2011 reports, Bellary has a sex ratio of 988 per 1000 males. The child sex ratio, however, is relatively lower, standing at 957 per 1000 boys.
• The same reports indicate an average literacy rate in the city, of 78.26%.
• The region has rich black and red soils, which is the primary cause for the flourishing agriculture scene in the region.
• The Bellary Fort, built in the 18th century, is a well-known fort situated in the city of Bellary.
• Bellary is the second fastest growing city in the state.
• The city of Bellary is known as the Jeans Capital of India due to the historic garment industry dating back to the First World War period.
• Kannada is the administrative language spoken by the people in this region. Other commonly spoken languages include Telugu, Dakhni, Hindi, and English.
• Bellary is known by many names, such as Kuntala Desha, Nolambavadi-nadu, and Sindavadi-nadu.

Economy: Agriculture and Industry

• The district of Bellary accounts for 25% of India's iron ore reserves. Apart from that, red oxide and white quartz are available in the region.
• Agriculture is a major occupation in the Bellary district. Important crops such as rice, jowar, groundnut, sunflower, and cereals are grown in this region.
• Though there is a lot of steel-based activity with massive investment in the steel sector, there is high demand for vendorization/ancillarization industries in the district.
• Cotton-based industries and oil extraction units significantly contribute to Bellary's growing economy.
• The major exportable items from this region include granite, steel, and garments.
• Owing to the presence of huge deposits of iron ore reserves, companies like JSW Steel Ltd., Bellary Steels and Alloys Limited (BSAL), Navakarnataka Steels, and Kalyani Steels have set up plants and industrial estates in the region.
• A large number of Small-Scale Industry (SSI) units are engaged in handloom and readymade garments sector.

Connectivity

• By air, Bellary connects directly to Goa and Bangalore and via flights from these destinations to major cities of India. Air India is the major airline that conducts its operations from here. The nearest international airport is Kempegowda International Airport, situated at a distance of 307 km.
• By road, Bellary is well connected to different parts of Karnataka, Andhra Pradesh, Maharashtra, and Goa. Through National Highway 13 (NH-13), National Highway 63 (NH-63), State Highway 19 (SH-19), and State Highway 132 (SH-132), Bellary is connected across India.
• Bellary comes under South Western Railway and is well connected to major cities like Bengaluru, Hyderabad, Tirupati, Hubli, Raichur, Vijayawada, Pune, and Kolhapur. At present, two railway stations serve the city, Bellary Junction and Cantonment.

Bellary Civic Administration

Bellary Infrastructure

Surrounded by numerous iron and steel plants, Bellary has good transport infrastructure. The real estate infrastructure has been flourishing in this region, owing to the presence of a large number of industries, and educational and medical facilities.

The upcoming international airport will improve transport facilities within the city. Recreational areas like malls are also in the pipeline. Education and healthcare services in Bellary are also quite impressive.

Infrastructure Projects

Name Of The Project	Impact Areas	Expected Completion Date	Remarks
International Airport	Bellary City	Under Development	Planned by the Infrastructure Development Corporation of Karnataka (iDecK), the airport is to be constructed near Sanganakallu.
Steel Plant	Bellary City	Under Development	To be a joint venture by the National Mineral Development Corporation (NMDC) and Russian steel maker Severstal.
Private Truck Terminal	Toranagallu, Bellary District	Under Development	To meet the rising demands of the Toranagallu Industrial Area, this terminal is proposed to be set up at a cost of INR 20 crore.
Sandur Bypass	Sandur, Bellary District	Under Construction	Bypass roads to Sandur town in Bellary District.
JSW Steel Plant	Toranagallu, Bellary District	Completed	Specifically designed for the auto industry, this steel plant has a capacity of 2.3 million tonnes.

Bellary Real Estate Market

• Although the real estate market in Bellary has been static in the past, development works being undertaken in and around the city are turning it into a potential goldmine for future real estate development.
• Thanks to good infrastructure and the presence of a large number of facilities, the real estate in Bellary has picked up a notch.
• The plan to develop an international airport will increase the inflow of people from across the globe, and consequently improve the real estate market by leaps and bounds.

Key Localities in Bellary

Localities	Per Sq. Ft. Price (approx.)	Rent Per Month For A 2 BHK Apartment in Bellary(approx.) (Figures in 1000 rupees)
Parvathi Nagar	4,780	5.6	8
SN Pet	6,500	9	14
Havambhavi	3,800	4	7
BUDA Layout	4,500	5.5	7.5

Charges by Different Government Bodies

Property Registration

Description Of Document	Stamp Duty Chargeable	Registration Fee Payable
Agreement relating to sale of immovable property (with possession)	5%	1%
Conveyance (Flats/Apartments in Bellary)	5 % on the market value+ Surcharge + cess	1%
Lease
Up to 1 year residential	0.5% on the total rent paid, max. Rs. 500	100
Up to 1 year commercial and industrial	0.5% on the total rent paid	0.5% or a minimum of Rs. 100
1-10 years	1% on AAR/advance/premium/deposit	0.5% or a minimum of Rs. 100
10-20 years	2% on AAR/advance/premium/deposit	0.5% or a minimum of Rs. 100
20-30 years	3% on AAR/advance/premium/deposit	0.5% or a minimum of Rs. 100
Mortgage
If possession of property is given	5 % on the amount + surcharge	1%
If possession of property is not given	0.5% for every Rs. 100 or part thereof	0.5% or a minimum of Rs. 100

Property Tax

The property tax in Bellary is levied by the Bellary City Corporation. The corporation has put in place a GIS Based Property Tax Information System to streamline the process of property tax collection.

Gulbarga Electricity Supply Company (GESCOM)

The Gulbarga Electricity Supply Company is responsible for the generation, distribution, and transmission of power in Bellary.

Electricity Tariff

Details	Charges
Fixed charges per month	For the first kW - Rs. 25
	For every additional kW - Rs.35
Energy charges: 0-30 units (life line consumption)	0 to 30 units - 300 paise/unit
Energy charges exceeding 30 units per month	31 to 100 units - 420 paise/unit
	101 to 200 units - 530 paise/unit
	Above 200 units - 630 paise/unit

Bellary City Corporation – Water Supply

The Bellary City Corporation is responsible for maintaining the distribution of water supply. The supply of water to the city occurs through two sources, Allipur Impounding Reservoir and the Moka Impounding Reservoir.

Bellary One

Bellary One is an initiative by the government of Karnataka to provide computerized e-governance facilities for the city of Bellary. It offers services like computerized water bill payment, birth and death certificate issuance, property tax collection, and various other services.