There is a need to regularize the Real Estate Industry in Bangalore.
Bangalore city being the destination for investors from within and outside the country is getting crowded day by day. City can now boast of number of IT industries, and multinational companies. Though huge buildings are coming up in the city for meeting the demand for commercial spaces the infrastructure like roads, street lights, public transport are not being adequately provided by the concerned authorities. Inadequate infrastructure and the shortage of manpower to regularize the traffic, maintain law and order, seems to be the cause for traffic jams, uncontrolled public agitations, protest meets etc. The increasing population due to large-scale migration from the rural side as well as from other states, the demand for residential accommodation has overtaken supply. The gap between demand supply position and the requirements of land for various projects like International airport, provision of expressways, widening of city roads etc, prices in and around Bangalore have shot up beyond imagination.
Bangalore city being the destination for investors from within and outside the country is getting crowded day by day. City can now boast of number of IT industries, and multinational companies. Though huge buildings are coming up in the city for meeting the demand for commercial spaces the infrastructure like roads, street lights, public transport are not being adequately provided by the concerned authorities. Inadequate infrastructure and the shortage of manpower to regularize the traffic, maintain law and order, seems to be the cause for traffic jams, uncontrolled public agitations, protest meets etc. The increasing population due to large-scale migration from the rural side as well as from other states, the demand for residential accommodation has overtaken supply. The gap between demand supply position and the requirements of land for various projects like International airport, provision of expressways, widening of city roads etc, prices in and around Bangalore have shot up beyond imagination.
The real estate market which had collapsed a few years back, forcing some of the one time developers to close down their establishments in Bangalore, has again taken up sword swing and to some extent has reached a stage of saturation in a matter of just five years. There is a shortage of houses for dwelling and the building owners are taking undue advantage of the situation and expecting for higher rents than what they normally deserve. The situation how it would be a few years ahead is only to be guessed. Normal middle class man may not be in a position to get a small house for dwelling in the city.
Real estate industry in Bangalore is not scientifically organized. Anybody can just start real estate agency and become a middleman for sellers and buyers of lands / buildings. The dealings are naturally with a motive of making quick money. The rates are hiked without any basis. There is no control or supervision of any authorities to oversee the market activities. In the absence of any control or supervision the market behaves badly and the sufferer is a genuine buyer.
Just to see how and what professionals, in the real estate industry, feel about the present situation architects Shri. Dinesh Verma of ACE group, Shri. G. P. Mathur of Mathur & Associates and Shri Shreedhar Morab of Prerana Architects & Associates, Developer – Shri Suresh Hari of Vishal Developers & Construction Engineer Shri P B Tol of Tol Constructions (P) Ltd., were contacted and there views are here been sought for and the same could be seen in the following article.
It is generally accepted that the upward trend in the real estate market has reached a saturation point. Its continued upward trend may be dangerous, as its collapse in the near future would adversely affect the people in the trade and the public at large. Most of them feel that it would appear necessary to have some authority to supervise the real estate market in the interest of the common man – buyer. According to them such authority should not interfere in the day-to-day affairs but should only oversee the implementation of the laws, rules and bylaws, now existing.
It seems necessary that some independent authority consisting of experienced professionals, experts in the field and officers of Government departments concerned, is formed for regulating the property market in Bangalore without their interference in the day to day functioning. Some thought has to be given for this at the earliest and before much damage is caused. General public may need such an authority, as they will be investing their hard earned money in purchasing properties, land, buildings and flats in well-developed apartments. Some immediate damage control measures are called for.
Real estate industry in Bangalore is not scientifically organized. Anybody can just start real estate agency and become a middleman for sellers and buyers of lands / buildings. The dealings are naturally with a motive of making quick money. The rates are hiked without any basis. There is no control or supervision of any authorities to oversee the market activities. In the absence of any control or supervision the market behaves badly and the sufferer is a genuine buyer.
Just to see how and what professionals, in the real estate industry, feel about the present situation architects Shri. Dinesh Verma of ACE group, Shri. G. P. Mathur of Mathur & Associates and Shri Shreedhar Morab of Prerana Architects & Associates, Developer – Shri Suresh Hari of Vishal Developers & Construction Engineer Shri P B Tol of Tol Constructions (P) Ltd., were contacted and there views are here been sought for and the same could be seen in the following article.
It is generally accepted that the upward trend in the real estate market has reached a saturation point. Its continued upward trend may be dangerous, as its collapse in the near future would adversely affect the people in the trade and the public at large. Most of them feel that it would appear necessary to have some authority to supervise the real estate market in the interest of the common man – buyer. According to them such authority should not interfere in the day-to-day affairs but should only oversee the implementation of the laws, rules and bylaws, now existing.
It seems necessary that some independent authority consisting of experienced professionals, experts in the field and officers of Government departments concerned, is formed for regulating the property market in Bangalore without their interference in the day to day functioning. Some thought has to be given for this at the earliest and before much damage is caused. General public may need such an authority, as they will be investing their hard earned money in purchasing properties, land, buildings and flats in well-developed apartments. Some immediate damage control measures are called for.
Pride Crosswinds Villas Area Range 3785 - 6792 sq.ft., Located at Bannerghatta Road, Bangalore available with 3BHK Villas and 4BHK Villas.
Description:
PRIDE CROSSWINDS
The Group
The Group
The Pride & Expert Group, an ISO 9001-2000 certified company, is one of the leading real-estate developers in Pune, Mumbai and Bangalore bear the Pride name. Whether the projects are Hotels, Residential or Commercial complexes, Malls, Multiplexes, IT Parks, Townships or SEZs, we ensure the highest standards in design and construction.
The Project
Nestled in over 100 acres of pristine countryside, Pride Crosswinds is situated just minutes away from Bangalore’s IT Hub – Electronic city and close to Jigani Industrial Area. Excellent connectivity and proximity to prestigious educational institutions, medical facilities and supermarkets, make this a project like no other.
These ethereal villas have an expansive view of the valley as well as the lush green putting lawns. Built on three levels, they come with four lavish bedrooms, a private pool with a sun deck and an area dedicated to your home-theater.
Expect nothing less than the best from these opulent villas. Built on two levels, they come with four sprawling bedrooms and an outdoor shower area with a rain showerhead that lets you soak in the picturesque beauty of the landscape.
These resplendent villas command a magnificent view of the Bannerghatta forests. Built on two levels, they come with three stately bedrooms from which every evening, you can watch the grand opera of breath-taking sunsets.
HIGHLIGHTS OF PROJECT
Lavish Spaces
Natural Water – Bodies
Bannerghatta Forest View
Tranquil Surroundings
Gentle Rolling Hills
Scenic walking Trails
Luxurious Life Style
Exclusive Gated Community
384 Superbly Crafted Villas
Top – Drawer Specifications
Modern Amenities
Bangalore properties like Apartments / Villas / Plots / Independent Houses....
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