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Business curving towards the real estate is just unstoppable at the present scenario. At this stage if the term redevelopment is used with proper guidelines and vision then definitely it will not only serve the interest of the public but at the same time it will also be helpful to increase the economy of that particular area. It will make better arrangements for all the rusting segments of the infrastructure with adequate facilities of daily needs of the general public. Apart from this the particular redeveloped area can accommodate more number of people with the same space area with better facilities and legal arrangements. No doubt during the process there will be relocation to the existing business and the public but all this pain will be for a better out put with much higher valuation for that particular area in future if completed with accurate measure and dedication.
. But on the other hand if the main concern of t he redevelopment is neglected by the authorized civic body then it has the chance to be a night mare for the participants. Also it sometimes cunningly makes way for the private possession for the developers and there arise another petition in the court for justification that last for years and years. So cautiously maintaining the formalities of redevelopment with varied constructive and conclusive manner will yield better result settling down the troublesome issues faced by civilians with their age old infrastructure design and maintenance. Apart from all these active participation of the civilian with trust plays a major role in any redevelopment success program. The sole control of the original owner should also be maintained with integrity for a better prospect of redevelopment sector. There should be strict law enforced to the redevelopment matter so that incase of any misunderstanding between the owner and the other community a fair solution can be delivered without hampering the interest of the resettled groups.
Source: NIMMA BENGALURU

Property Listings

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