India, Sept. 18 -- As property prices in Bengaluru continue to climb, homebuyers have begun drawing parallels with Mumbai's real estate journey, wondering if the city is headed for a similar boom followed by a phase of stabilization.
Redditors also criticised Bengaluru's heavy dependence on gated communities, describing them as 'costly lifestyle bubbles' with weak legal safeguards. Unlike Maharashtra, where cooperative housing laws are well established, many older apartments in Bengaluru fall under the Karnataka Apartment Ownership Act, 1972, a legislation that, according to the post, does not require transparent accounting and often leaves resident associations running like 'dictatorships.'
A key concern highlighted was the misuse of s...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.