Bengaluru City Limits Expansion Proposed
<span style="font-weight: 400;">The provision for expansion of city limits by 1km in the BBMP restructuring bill 2020, passed in the recent winter session of the state legislature, is a big positive for the real estate sector.</span> <span style="font-weight: 400;">“Property prices will appreciat
Published -
Dec 17, 2020 4:07 AM
The provision for expansion of city limits by 1km in the BBMP restructuring bill 2020, passed in the recent winter session of the state legislature, is a big positive for the real estate sector. “Property prices will appreciate primarily due to improvement in buyer sentiment. As infrastructure improves, capital value of real estate will strengthen. Availability of land at cheaper rates (compared to that within existing city limits) could facilitate creation of affordable housing in these new towns,” say urban experts. Some also believe that the expansion of municipal limits was essentially dictated by a few MLAs, who have interest in the real estate business. Earlier last week, many were surprised at the state government’s last-minute decision to expand the city limits.
Tags : News/Views Real Estate Bengaluru Infrastructure Property prices