For nine years now, nothing has changed on the 2,750 acres of land in
Bangalore North, acquired by the Bangalore Development Authority to form
Arkavathy Layout.
Except that private builders have put up high-end villas, villaments and row houses all around Arkavathy, and land prices have shot up from Rs 50 lakh in 2003-04 to the going rate of Rs 4 crore an acre.
The potential of the massive barren tract of Arkavathy land is enormous, considering the demand for housing in a city bursting at its seams.
Why has the government not been able to interfere in the BDA's failure to allot sites and put an end to controversies dogging this stretch, ask members of Arkavathy Layout Allottees Association, who have been waiting for their sites since 2006.
Prominent builders in the city know their priorities: sensing the growing demand in the vicinity of Bangalore International Airport, they have cashed in on the opportunity and come up with huge luxury housing projects off Hebbal.
Builder Girish Puravankara's 'LGCL Beautiful World' is coming up at Byrathy in the vicinity of Arkavathy layout.
Sobha Developers have three prime projects in the area: Sobha City, a new township on Thanisandra main road on 36 acres of land, with a plan for 1,537 houses of luxury and super-luxury row houses.
Sobha Petunia, a luxury housing complex of 156 houses is coming up on Hebbal Ring Road on a plot area of 4.4 acres. Yet another project is Sobha Chrysanthemum, built on about nine acres of land.
Sobha has made the best use of Thanisandra main road connection to BIA. "The areas surrounding Arkavathy Layout are closer to Bangalore International Airport and thus, demand has increased in North Bangalore. With BMRC planning to extend to Bellary Road, distances are getting killed. Property value has shot up in these areas," said JC Sharma, managing director, Sobha Developers.
Brigade Altamont, a project of Brigade Group, is coming up adjacent to Arkavathy Layout.
Purvankara's 'LGCL Beautiful World' off Hennur Road, coming up on two acres, will have 29 upmarket villas.
'THE NEW LODE STAR'
Why we chose this particular piece of land is because of better infrastructure facilities provided on this corridor. It has green open spaces in the surroundings. I would call it the new Indiranagar of Bangalore.
Girish Puravankara | builder
'DEVELOPERS ARE BETTER'
Why can't the government learn from builders? Those who sold their land to builders have at least got some money, but those who have lost land for the BDA layout have got nothing so far. We have been jobless for more than seven years, we haven't got compensation and are not allowed to use our fertile land.
Except that private builders have put up high-end villas, villaments and row houses all around Arkavathy, and land prices have shot up from Rs 50 lakh in 2003-04 to the going rate of Rs 4 crore an acre.
The potential of the massive barren tract of Arkavathy land is enormous, considering the demand for housing in a city bursting at its seams.
Why has the government not been able to interfere in the BDA's failure to allot sites and put an end to controversies dogging this stretch, ask members of Arkavathy Layout Allottees Association, who have been waiting for their sites since 2006.
Prominent builders in the city know their priorities: sensing the growing demand in the vicinity of Bangalore International Airport, they have cashed in on the opportunity and come up with huge luxury housing projects off Hebbal.
Builder Girish Puravankara's 'LGCL Beautiful World' is coming up at Byrathy in the vicinity of Arkavathy layout.
Sobha Developers have three prime projects in the area: Sobha City, a new township on Thanisandra main road on 36 acres of land, with a plan for 1,537 houses of luxury and super-luxury row houses.
Sobha Petunia, a luxury housing complex of 156 houses is coming up on Hebbal Ring Road on a plot area of 4.4 acres. Yet another project is Sobha Chrysanthemum, built on about nine acres of land.
Sobha has made the best use of Thanisandra main road connection to BIA. "The areas surrounding Arkavathy Layout are closer to Bangalore International Airport and thus, demand has increased in North Bangalore. With BMRC planning to extend to Bellary Road, distances are getting killed. Property value has shot up in these areas," said JC Sharma, managing director, Sobha Developers.
Brigade Altamont, a project of Brigade Group, is coming up adjacent to Arkavathy Layout.
Purvankara's 'LGCL Beautiful World' off Hennur Road, coming up on two acres, will have 29 upmarket villas.
'THE NEW LODE STAR'
Why we chose this particular piece of land is because of better infrastructure facilities provided on this corridor. It has green open spaces in the surroundings. I would call it the new Indiranagar of Bangalore.
Girish Puravankara | builder
'DEVELOPERS ARE BETTER'
Why can't the government learn from builders? Those who sold their land to builders have at least got some money, but those who have lost land for the BDA layout have got nothing so far. We have been jobless for more than seven years, we haven't got compensation and are not allowed to use our fertile land.
No comments:
Post a Comment