US single-family housing declines in October 2024 amid high rates
Real Estate

US single-family housing declines in October 2024 amid high rates

Residents of Horamavu, Hoysalanagar, Jayanthinagar, and surrounding areas have appealed to the Bruhat Bengaluru Mahanagara Palike (BBMP) authorities to prevent the construction of buildings in the buffer zone near Jayanthinagar Lake, as they believe the land is unsuitable for such development.

The residents mentioned that construction work had begun two years ago but was halted after a few days. Lakshman Nayak, a resident of Hoysala Layout, expressed concern about the safety of the buildings if completed and the well-being of the future residents. He stated that they had been informed the Rajiv Gandhi Housing Corporation was planning to build residential quarters for economically weaker families. Nayak suggested that it would be better for the authorities to find a more suitable location for these flats.

VP Krishna, the founder of the KR Puram Constituency Welfare Association, emphasized that the land, being part of the buffer zone of the lake, was not appropriate for building construction. He warned against a potential incident similar to the Babusapalya tragedy in Jayanthinagar and revealed that they had already written a letter to the BBMP Chief Commissioner regarding the issue. Krishna also proposed that the dry waste collection centre, which had been part of a CSR initiative but had been locked for the past three to four years, should be repurposed for public use. He suggested converting it into a yoga centre, which the residents could manage for their benefit.

Nageshwara Rao R, a resident of Horamavu, echoed similar concerns, urging the BBMP to halt construction in the lake's buffer zone. Rao reported seeing workers draining water from the construction site using pumps during the foundation-laying process and stressed that building construction in the buffer zone was inadvisable.

Prakash BS, a retired civil engineer, described the defunct dry waste collection centre as an eyesore and a haven for snakes. He also urged the authorities to repurpose the centre for the benefit of residents, suggesting it could be turned into a park for senior citizens and children. Prakash opposed the construction of buildings in the buffer zone and requested that the BBMP Lakes Department plant more saplings in the area.

Residents of Horamavu, Hoysalanagar, Jayanthinagar, and surrounding areas have appealed to the Bruhat Bengaluru Mahanagara Palike (BBMP) authorities to prevent the construction of buildings in the buffer zone near Jayanthinagar Lake, as they believe the land is unsuitable for such development. The residents mentioned that construction work had begun two years ago but was halted after a few days. Lakshman Nayak, a resident of Hoysala Layout, expressed concern about the safety of the buildings if completed and the well-being of the future residents. He stated that they had been informed the Rajiv Gandhi Housing Corporation was planning to build residential quarters for economically weaker families. Nayak suggested that it would be better for the authorities to find a more suitable location for these flats. VP Krishna, the founder of the KR Puram Constituency Welfare Association, emphasized that the land, being part of the buffer zone of the lake, was not appropriate for building construction. He warned against a potential incident similar to the Babusapalya tragedy in Jayanthinagar and revealed that they had already written a letter to the BBMP Chief Commissioner regarding the issue. Krishna also proposed that the dry waste collection centre, which had been part of a CSR initiative but had been locked for the past three to four years, should be repurposed for public use. He suggested converting it into a yoga centre, which the residents could manage for their benefit. Nageshwara Rao R, a resident of Horamavu, echoed similar concerns, urging the BBMP to halt construction in the lake's buffer zone. Rao reported seeing workers draining water from the construction site using pumps during the foundation-laying process and stressed that building construction in the buffer zone was inadvisable. Prakash BS, a retired civil engineer, described the defunct dry waste collection centre as an eyesore and a haven for snakes. He also urged the authorities to repurpose the centre for the benefit of residents, suggesting it could be turned into a park for senior citizens and children. Prakash opposed the construction of buildings in the buffer zone and requested that the BBMP Lakes Department plant more saplings in the area.

Next Story
Resources

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Next Story
Infrastructure Transport

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Next Story
Real Estate

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement