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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.

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