Tripadvisor Always Has Low Prices on Hotels in Hospet . Spend Less Here. Find Discounts on the Best Tourism Hospet . Tripadvisor Helps You Spend Less. Hospet is a city and district headquarters in Karnataka, India, founded by Krishna Deva Raya in 1520. It is known for its steel industry, proximity to Hampi and Tungabhadra Dam, and the tallest flagpole in the country. Hospet is a city in Karnataka, India, near the ancient site of Hampi. Explore its natural wonders, historical landmarks, and wildlife reserves with this guide to the best places to visit in Hospet . Hospet , officially named as Hosapete, is a beautiful city in the district of Bellary in Karnataka. Located on the banks of the Tungabhadra River, it is also close to the famous Hampi ruins. Thus, those who visit Hospet also pay a visit to the ruins to see astonishing symbols of a bygone era. Hospet was built during the reign of Krishna Deva, who ruled Vijayanagara. What makes Hospet unique is that it stands as if at an intersection of the modern world and the past. There are old monuments on ...