People Lose Life Saving With Demolition Of Bangalore South Property

After the rains that flooded the city of Bangalore the civic administration asked all the illegal properties including properties for sale in Bangalore South to be demolished. Till date several people have lost their Bangalore South property which they had bought from hard earned money. The worth of properties for sale in Bangalore South recovered is around 940 crore. Illegal constructions are a rampant practice in India real estate. In the last few years several builder have sold illegal 1 BHK apartments in Bangalore South and 2 BHK apartments in Bangalore south as well as 3 BHK apartments in Bangalore South. Buyers have also unknowingly brought the illegal 1 BHK flats in Bangalore South or 2 BHK flats in Bangalore South and 3 BHK flats in Bangalore South as all the paperwork shown by the builders seemed perfect.

Now the owners of Bangalore South property are worried as they are not sure if the 1 BHK apartments in Bangalore South or 2 BHK apartments in Bangalore south or 3 BHK apartments in Bangalore South that they have bought is a legal structure or not. Owners are fuming over the development and mismanagement. Investors of 1 BHK flats in Bangalore South or 2 BHK flats in Bangalore South and 3 BHK flats in Bangalore South are also crying fall as they claim they have been fooled by big brand names. Such a situation is not uncommon in India real estate.

Steps should be taken to restore the consumer’s faith in India real estate. The scenario seen in properties for sale in Bangalore South is not a uncommon one. A regulatory authority must be set up to bring things under control. Several people have already lost their life saving with the demolition of their Bangalore South property however the same scenario should not be repeated again.