Restoration Of Kaikondrahalli Lake Enhances The Visible Beauty

The city of Bangalore is famous as the “city of gardens” and no garden is complete without some water body. Blessed with a climate like Bangalore, there are many lakes and gardens that flourish here. In order to continue the tradition, the residents joined hands with the civic authorities to develop the Kaikondrahalli Lake and restore its former glory. A sum of 5.5 crores has received sanction from the authorities for the project. The BBMP is trying hard to recoup the image of the city after getting a lot of flak for inconsiderate development and maintenance programs.

The Kaikondrahalli Lake is just off Sarjapur Road and receives patronage from locals, settlers and visitors alike. Many residents feel they have a chance to experience nature in its full glory within the limits of the city. The efforts of the Bruhat Bangalore Mahanagara Palike and an affiliate of United Way Worldwide have actively concentrated their efforts to see the lake pulled back from extinction. The management of the lake is with the Mahadevapura Parisara Samrakshane Mattu Abhivrudhi Samiti (MAPSAS). The communities around the lake also full-heartedly support the cause. With the restoration work in full swing, the developers can get a better response for their properties around the area.

It is a blessing to have a fully fledged ecosystem next to their residences where families can get together in the evenings and play games on weekends. Relaxation in the lap of nature is a luxury not many like to forfeit. As there are several people who have strenuous jobs that require them to stay up for long hours and give exacting performance, they like to have the sight of lakes in the vicinity. Many developers have acknowledged that the presence of a garden and the main attraction of the lake is a big draw for investors in the area. Fortunately, the 5.5 crores project will go a long way in restoring the lake.

When the lake teetered on the brink of extinction, some committed individuals took up the challenge to bring it back to life. They succeeded with the help of the residents around and several associations. The garden and the lake are more than parts of the grounds. There are many other facets of the garden that attract many people towards it. An amphitheatre, jogging tracks, paths for cycling, lawns with fragrant grasses and benches, enhance the aesthetic quality of the place. In addition to that, amenities like toilets and solar-powered lights that are economical and eco-friendly are also installed here.

The colorful atmosphere is very inviting, and the maintenance work done here on the footpath, arranging security and employing gardeners to take care of the plants are prioritized in the new phase. Most visitors are from the localities of Sarjapur, Whitefield and HSR Layout. The clean water of the lake and trees planted on the grounds all serve to enhance both environmental and aesthetic value of the place. The MAPSAS and BMP joined hands with the dedicated individuals who took it upon themselves to rejuvenate a dying heritage of the city.

Inability To Ensure Pedestrian And Road Safety Hampering Development In Bangalore

The roads in the city of Bangalore are expected to be wide and allow more traffic to move seamlessly. However, as the roads become wide, there is no particular order as to how the pedestrians will move. Although there are lanes for the traffic to move, no one follows their lane when there is space to tuck in two cars ahead. Well, the news is, it has begun taking a toll on the people with multiple deaths marring the efficiency of the idea. Vehicles keep moving without thought or process and hurt other drivers and the pedestrians too. The move five years ago to decongest roads has succeeded only narrowly.

The Bangalore Development Authority and the Municipal Corporation of the city, the Bruhat Bangalore Mahanagara Palike transformed the roads to match international standards. However, they forgot one very crucial fact. Indians are never good with following rules in their country. As per data provided by the Traffic Department of Bangalore, the shocking information came to light. There was a steep rise of the number of accidents resulting in fatalities in the city. The busiest roads got busy snatching lives from all possible avenues. A cursory look at the condition of the traffic will show how lax the drivers are with their lives and that of others.

Some of the most dangerous and busiest roads here are the Madivala Outer Ring Road junction, Hosur Road, Varthur Main Road that runs along the Outer Ring Road and the Bannerghatta Outer Ring Road Junction. There have been 1085 pedestrians who lost their lives while 3123 people are reported to have suffered severe injuries. Instead of making good their promise of decongesting traffic, they have jeopardized the lives of others who walk the roads. It has caused the damage to the mobility to several people around the city who have to give way to the perceived rights of the motorists over the widened roads.

The information about the disturbing information about how pedestrians are growing anxious about crossing roads prompted responsible citizens and residents to file an RTI that resulted in the information. Instead of providing any facilities for the pedestrians, the civic administration merely widened the roads and left it at that. In the end, the lack of footpaths, pelican lights and even the basic zebra crossing forces them to wade through heavy traffic at peak times. Tempers run high around the time, and people get hurt or worse, end up dead.

The ironical parts about the whole situation are the establishment of underpasses at junctures where it is absolutely unnecessary and hardly ever used. However, they clearly ignore the need for the establishment of safety features in the highly travelled roads in the city. Widening roads to suit the purpose of motorists alone is like digging a well to drench the ground at times of drought while people wander in thirst. It would be better if the civic authorities take more interest in their duties, completely as opposed to thinking mostly to reduce work and enhance income.

Bangalore Is Attracting A Large Section Of Equity Money In The Real Investment Forum

As per the latest news search, it has bee found out that the real estate value in the Bangalore section is attracting the maximum PE investment, under the first half of the 2014. This shows that Bangalore beat Delhi, the national capital and also the commercial arena, which is Mumbai. This was the latest news feed from the property consultancy segment and people are looking forward for some of the other options, related with the same. The market is quite flourishing and real estate investors are trying their level best to get in touch with the best possible option, on the cards.

These values are led by the zone of office spaces, which are ever increasing under the Bangalore segment. The demand is a steady one and associated with the residential property areas. The real estate market saw a jump of the PE investment to 20 times and the money was focusing towards 2005 crore rupees. According to the last survey made, Bangalore last invested an amount of 103 crore under the PE investment for the first 6 months, in 2013. Even though, Mumbai received an investment, which is worth of 1140 crore, still Bangalore leads the charts. Some of the other major results are Chennai at 200 crore and also Delhi NCR at 490 crore.

According to the special spokesperson of the real estate consultancy segment, “The share associated with the PE investment is said to have been significant, and will stay in this order for some of the upcoming years, as well. The assets are known for their high and also premium quality occupancy rate and it can even offer the stable yields of somewhat around 9%. Thus, this deal can prove to be an attractive on, mostly for the investors.”

There are two major projects in Bangalore, which are recently holding the Rs. 100 crore margins. Some of the other deals are something around Rs. 470 crore and Rs. 100 crore. As the size of the tickets in Bangalore is quite reasonable, therefore; it is not at all a daunting task to get hold of the underwritten projects, in this category. The reliable real estate companies are closing deals on one or even two transactions a single month along with a reverse challenge of the velocity rate, which people need to be very careful. The professionals are ready and various new fields are investing huge amount in order to get a profitable deals, as a return gift.

As the growth is creating a huge difference in the outlook of the real estate property in Bangalore, therefore; some companies are planning to even invest a lump sum amount of 300 to 400 crore on a single project, in this value added platform. According to some professionals, Bangalore at this present moment is holding a stable position, which is attracting more investors in this podium, even more than in Mumbai and Delhi. The demands driven are always on the top and there are some other funds, which are again looking for some transactional deals, in Bangalore. Some have started their projects.