Many people over the last few years sought to buy Bangalore property for sale as the city's properties like flats in HSR layout had given good price appreciation. But recently incessant rain caused water to rise which led flooding like situation in Bangalore. Property site in India predicts that this will seriously hamper the prospects of house rent rates and capital values of house for sale in Bangalore. In the last few years the city has grown rapidly.
With more demand for house for sale in Bangalore real estate builders continued to develop properties with thinking about the fact whether the city can handle the real estate boom?
Not even once did anyone think whether the development was sustainable? In an attempt to develop more land builder often compromise on open area or dump the drains, lakes etc. All this affects the eco system and our living. Recently a research done by Indian Institute of Science (IISc) showcased a horrifying picture it highlighted the fact that there had been a 525% growth in built-up area in last 40 years whereas there was 78% decline in vegetation and 79% decline in water bodies.
In an attempt to cater to high demand of Bangalore property for sale the city was happily sacrificing its lakes and trees.
Property site in India shows that Bangalore is a hot real estate destination. People look to buy flats in HSR layout and other properties in the city as the city offers excellent job and educational opportunities. Several people who are not able to buy a house for sale in Bangalore often take a house rent or buy properties on the outskirts of the city where property is still affordable. Property site in India highlights that in last few years the capital values of flats in HSR layout and other Bangalore property for sale. Apart from this house rent values have also drastically increased due to step hike in demand.
All the facts look very appealing to the investor and end-users but the overall picture is ugly as the city cannot even handle incessant rain. Heavy rains cause flooding like situation where people are forced to stay indoors as water is very high. The situation is so bad that people do fishing on the roads and boats on the road become a common site.
This is a very sorry situation and one wonders if the city is actually fit to be called the silicon valley of India?