Reality of Real Estate in Bangalore
The city of lakes has massive buildings contructed on lake beds with no municipal water connection. Apartments costing crores with no running tap water yet the real estate boom. Are those high salaries worth it? People who consider Bengaluru their future, can you live without no fresh water🤔
VC : Faye Dsouza
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9 min AI interview5 questions
BLR is the next Mumbai. The city is on its death bad. Mumbai took 60 years to become a shit hole. BLR became one in less than 25yrs.
It's not that Mumbai took 60yrs.
All cities were destined for shithole status after 2010-2030, the immense migration due to jobs. None of the cities had local corporations and politicians smart enough to plan this out. Urban Infra story in India is a tragedy last two decades.
There are genuine reasons for this too. Most city corporations have no source of revenue and are not allowed to raise money independently. So they never have the money for growth projects. They can only afford to sustain maintenence projects shabbily.
I have been thinking about this for years, not specifically bangalore. How water scarcity and climate change will affect our cities, should I even buy home in future in these places?
Any opinions?
Don't buy home in Indian cities. Cities are buzzing with people and economic activity. All they can give you is jobs and money. The infra is never going to work out for you. Cities are not your permanent happy home.