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Hassan witnesses all time high realty

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The people of Hassan are shocked because the prices of the sites have risen to the sky and the land mafia is making the profit in a short period of time targeting the middle class people. The land mafia cases have related to competition and threatening has been tailed for some people and they have also stepped into the police station to sort out their problems. A price of each sq ft of is Rs. 800 and Rs. 3,000 at K R Puram and around bypass it has crossed Rs. 2,000. In Vidyanagar Ring Road and around the areas which is not under the CMC limits, the costs are about Rs. 1,200 sq ft and above. The increased prices are observed since long back and the reason given by local aides is the middlemen and the agents playing the major role in the dealings and they are being benefited too.
Still the infra projects are put into practice from past few years in the district and at the present layouts need fundamental facilities. Airport is still mirage and road conditions are very wretched and tourism is not budding and there is no much dissimilarity in the business too. In this case it is noted that the price of the sites are risen up illogically. It has been 10 years Hassan Urban Development Authority has not distributed sites. Then chairman B K Manjunath 15 years ago had planned a program and it was forming Krishna Nagar Layout.
HUDA had taken loans from the Vijaya Bank and it has to pay Rs. 28 Lakhs everyday. It is not in condition to pay the salary for the staffs. But the court has permitted to allot the sites although the leaders are not willing and the public are showing interest in buying the sites if HUDA distributes the sites. No chances of duping the people in selling the sites because majority of the middles class are dependent on HUDA sites. The HUDA chairman post has been lying vacant since 10 years but the government has not shown any interest to fill the post. The residents are feeling that government has various projects like Indira Awas Scheme and Rajiv Gandhi Housing and Ashraya Scheme to allot the sites for the poor and middle class should depend on HUDA for sites.
Source: NIMMA BENGALURU

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