Bengaluru’s rains, traffic and water shortage add to blues; here’s how infrastructure challenges impact property prices
6 months, 3 weeks ago

Bengaluru’s rains, traffic and water shortage add to blues; here’s how infrastructure challenges impact property prices

Hindustan Times  

Availability of essential services like healthcare and schooling, easy connectivity to workplace and supply of Cauvery water: These were the top three priorities for a techie-lawyer couple in Bengaluru who booked a 3 BHK property in North Bengaluru last month. Bengaluru’s rains, traffic and water shortage add to blues: How infrastructure challenges impact property prices Meanwhile Manaal Desai, a 29-year-old entrepreneur is debating between a 3 BHK purchase on the ground floor versus first. Social infrastructure key priority Sectoral experts who spoke to HT.com agreed that due to faulty urban planning several pockets in Bengaluru get flooded during heavy monsoons and experience shortage of water supply during the drier season, especially in North and East Bengaluru. “Homebuyers often view these events as aberrations and tend to prioritise surrounding social infrastructure, schools and offices primarily, while choosing a location for their property purchase,” said Darshan Govindaraju, Director at Vaishnavi Group. “As a developer, if height is not an issue at the project, I can maybe take the podium level higher than the natural ground level, do stilt parking or one single basement stilt parking and take the apartments from a higher floor, so that even if the infrastructure around is not up to the standard the overflow from that would not come in and affect your building adversely,” Govindaraju added.

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