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Hospet is a city in Bellary District in northern Karnataka, India. It is on the Tungabhadra River, 12 km from the World Heritage site consisting of the ruins of the medieval city of Vijayanagara, former capital of the Vijayanagara Empire.
The city was built by Krishna Deva Raya, one of the rulers of Vijayanagara in memory of his mother Nagalambika. The city was named Nagalapura, however people referred to the city as Hosa Pete meaning New City. An area between Hampi and Hospet is still called Nagalapura. It was the entrance gate to the city of Vijayanagara for all travellers coming from Goa and West Coast.
The nearby Tungabhadra Dam was built in the twentieth century. A recent phenomenon in this region has been the boom of the iron-ore mining business. Due to great international demands for iron-ore, particularly from China, there has been considerable mining in this region. To an extent, the Tungabhadra Dam as well as the ruins of Hampi are now endangered by this development.