Karnataka move to ban construction is no solution
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Karnataka move to ban construction is no solution

By Asianage calender  29-Jun-2019

Karnataka move to ban construction is no solution

The Karnataka government’s move to ban housing construction in Bengaluru for five years in the face of a water crisis will stir up prices of newly constructed housing property in the city. It will also hit the construction industry and render lakhs of workers jobless.
The state government is toying with the idea of denying approvals for new housing projects in the city for five years. If imeplemented, this would reduce supply in the market and push up property prices.

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