The land prices rise in secondary cities due to the availability of facilities like educational institutions, hospitals, entertainment centres and shopping malls. The state government is also planning to take care of the infrastructural facilities particularly roads and sanitation
In tier II cities, a 2 BHK apartment of 1,000 sq ft is not available for anything less than Rs 30 lakh and on the outskirts the same apartment is available for Rs 25 lakh. The rental value have also become costlier by 8-9 times compared to what they were six to seven years ago.
According to the records available in the Department of Stamps and Registration in Bangalore city. People are now rushing for open spaces on the outskirts where the property rates are still affordable. Are you planning to buy a property in Karnataka, if yes then hurry up?