Many real estate players are astonished by the move taken by the state government to demolish all the illegal Bangalore east property for sale. Experts feel that this move will send negative sentiments in the market. The real estate sector is already facing a slowdown and by demolishing all the illegal 2 BHK flats for sale in Bangalore East the government is going to resonate negative sentiments in the market. The situation is in contrast with other major cities of India, who are focused on attracting more investments to the state. The current situation will only stop people from to buy 2 BHK apartments in Bangalore east and companies would also not like to invest here.
Most of the realty players are of the view that the government should have focused on solving the storm water drain problem by doing advanced planning of constructing the storm water drains. Demolishing 2 BHK apartments for sale in Bangalore east will simply ruin the city’s reputation and no entrepreneurs’ will show an interest to invest in the city in future. People sense that the authorities are choosing demolition drive over building advance drainage system as the former is free of cost.
Citizens are also complaining that the 2 BHK flats in Bangalore East of the common man were demolished immediately and they were even denied relaxation for a few hours to shift their belongings and valuables. However when the properties of the rich were concerned the officials were reluctant to take measures and a new survey of land was ordered.
Investors of 2 BHK flats for sale in Bangalore East are also voicing their opinions. First and foremost they are upset about the fact that they have lost considerable amount of invested money. Several investors 2 BHK apartments for sale in East Bangalore have been termed as illegal, and they have been demolished. Others whose properties have been spared are complaining about the uncertainty in the real estate market. Several people who were looking to buy Bangalore east property for sale are now putting the investment decision on hold. The capital e People are also aghast that no compensation is being offered to the homeless and the main culprits - the corrupt BBMP officials, bureaucrats and ministers who had taken bribes to clear illegal Bangalore east property are roaming scot free. Whereas the matter of fact is that they should have been punished before the demolition drive was started.