70% lakes have dried up/covered up by builders
I want to understand homeowners/aspiring homeowners - how are you planning for this? Are You even worried about this? Or even people thinking of settling long term in Bangalore, thoughts about this?
https://www.indiatoday.in/education-today/gk-&-current-affairs/story/water-crisis-in-india-279427-2015-12-29 Article of 2015 predicting what we are experiencing right now.
It is only going to get worse. With increasing demand, unpredictable rains and worsening infrastructure and water bodies. Few people I know have put off buying new apartments
Crazy, is this the main reason for people not buying or is it more about crazy prices?
Both . But people do invest in “overpriced “ properties so high prices cannot be the reason . So I am more inclined towards - low assurance of value of a basic need like water after paying huge amounts
Thinking of selling my property in another 5 years. Currently staying in North Bangalore. As of now, no water problems. Water is through 2 borewells.
Though, I see that there would be water problems pretty soon. There are multiple properties coming out in the vicinity which will poise a problem in the future.
This is one of the reasons why I resented from investing in a property in Bangalore early on. 🫡
Was contemplating on buying property, but rethinking now. But obviously the city will find a way as the land mafia who have invested deeply in real estate here will need people to continue living here, rental or otherwise. Plenty indian cities face much worse shortage and continue to grow. I don’t know how, but it seems as bangalore may suffer, but no as bad as cape town
Interesting View.. I guess you answered urself - Is it because of land mafia that cities have continued to grow despite bad infrastructure and negligence? Guess Bangalore will also reach its peak bottom - people will say enough - and then Land mafia will kick in to revive the city -(Just hope it happens soon )
Have you had similar water situation in the past? Always thought Bangalore as a lake city, but looks like most of them aren’t taken care of.
Ps: for those who’re not aware of the situation- https://x.com/vishalbhargava5/status/17646...
Finally hit my apartment in Indiranagar. Anyone else facing it?
Didn’t think it was that big of a crisis since I didn’t know who was facing any shortage.
Worst time to be in Bangalore. Its become unliveable. I have been in Bangalore for 20+ years. But the last 2 years are nightmare, construction everywhere, broken roads, crazy traffic, no water, its hot as Mumbai. what's happening. Once a...
