Haveri district’s property market is experiencing a notable slowdown as land prices continue to rise, and private layouts expand on the city’s outskirts. Data from the sub-registrar’s office indicates that monthly property registrations, which previously averaged 2,000 units, have dropped sharply to 1,023 in April, 875 in October, and just 469 in December. The decline highlights buyer caution and shrinking affordability, despite government efforts to digitise and streamline registration processes.
Officials attribute the slowdown primarily to escalating costs. Peripheral plots lacking basic infrastructure such as roads, drainage, street lighting, and water supply are now priced between Rs 20-30 lakh for 30X40 sites. Developed layouts in better-connected areas have doubled in value to Rs 40-60 lakh, putting them beyond the reach of ordinary buyers. “Investors are driving prices up, while genuine homebuyers are staying on the sidelines,” said an industry expert familiar with the district’s housing trends. The trend has implications for government revenue. Stamp duty and registration fees collected between April and November exceeded Rs 17 crore, but the fall in transaction volumes threatens to slow revenue growth in the coming months. Real estate agents report that business has nearly stalled, with property sales largely limited to individuals intending to construct homes rather than speculative investors. “High prices and unrealistic seller expectations are keeping buyers away,” said a local agent, noting that prospective purchasers are increasingly turning to alternative investments such as gold.
Urban analysts highlight the role of rapid peripheral development in reshaping Haveri’s land market. Agricultural plots are being converted into private layouts at a fast pace, contributing to a proliferation of sites for sale. However, these developments often lack essential civic amenities, undermining long-term sustainability and livability. “Unchecked expansion without infrastructure planning risks creating urban sprawl and unviable settlements,” said a senior urban planner. Despite government-led digitisation reforms aimed at improving transparency and easing procedural delays, the mismatch between property costs and buyer affordability remains the key constraint. Authorities note that further policy interventions, including affordable housing schemes and planned infrastructure upgrades, may be necessary to restore market balance and sustain both civic revenue and urban development.
The current downturn in Haveri underscores the broader challenge of balancing rapid suburban expansion with affordability, infrastructure provision, and sustainable growth. For buyers, investors, and policymakers alike, the priority remains fostering a real estate ecosystem that encourages equitable access while maintaining fiscal and environmental responsibility.
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Karnataka Haveri Property Registrations Fall Sharply As Land Prices Soar
