Location and Connectivity

Satya Narayana Pet, commonly known as S N Pet, is a locality in Bellary, Karnataka, celebrated for its strategic location and excellent connectivity. Nestled in the heart of Bellary, it offers easy access to many amenities and services. The region enjoys excellent links to other sections of the city and neighboring areas via a comprehensive road network.

Real Estate Market

• Rent: On average, a 2 BHK apartment in S N Pet costs around ₹6,500 per month.
• Purchase Prices: Exact prices for S N Pet aren't provided. However, in Bellary, the average cost per square foot is ₹5,703. The prices vary from ₹500 to ₹14,285 per square foot, depending on factors like location, amenities, and property type.

Infrastructure and Amenities

• Medical Facilities: The locality is near top-tier hospitals and health centers in Bellary, like Vijayanagar Institute of Medical Sciences (VIMS) and Government Wellesley Tuberculosis and Chest Diseases Hospital.
• Educational Institutions: Bellary includes several educational facilities. Though specific institutions in S N Pet aren't highlighted, the overall educational infrastructure in Bellary is quite impressive.
• Commercial and Industrial Presence: S N Pet is surrounded by areas buzzing with industrial activity, such as iron and steel plants, textile and garment units, and granite quarrying businesses. This industrial presence fuels the local economy and job market.

Development Projects

• Transportation: Bellary will gain an upcoming international airport near Sanganakallu, improving city connectivity.
• Road Infrastructure: The area is also getting better road infrastructure, such as the Sandur Bypass, which aims to reduce traffic congestion.

Property Types and Availability

• Residential: There are numerous residential options, including apartments and standalone houses. For example, plots and ready-construction properties are available on Talur Road.
• Commercial: More businesses are setting up shops in Bellary, including S N Pet, driving up the demand for commercial properties.

Property Tax and Other Charges

• Property Tax: The Bellary City Corporation handles property tax, streamlined through a GIS-Based Property Tax Information System.
• Other Charges: The state government sets charges for property registration, sale agreements, and conveyance. For instance, an agreement relating to the sale of an immovable property with possession attracts a 5% charge on the market value, plus surcharge and cess.

PropertyWala's Conclusion

S N Pet in Bellary provides a well-balanced mix of residential and commercial prospects, strengthened by excellent connectivity, solid infrastructure, and active development projects. Its proximity to medical care, schools, and industrial hubs makes it an appealing choice for both buyers and renters. Yet, potential investors need to study local market trends and perform comprehensive due diligence before making a decision.