Published Mar 14, 2024 | 2:10 PM ⚊UpdatedMar 14, 2024 | 2:10 PM
A cluster of homes, from low-rise to high-rise, crowd the Sarjapur area of Bangalore, India. In November 2016, the Indian government declared currency notes of 500 and 1000 rupees as illegal, hitting the construction industry, which was already facing low demand. Demand for residential buildings is now expected to pick up in 2017 with budget incentives from the federal government.
If there is unanimity on one issue in Karnataka, it is to give legal status to illegal structures and houses that have come up in Bengaluru violating bylaws over the years. Since 2004, successive governments have directly or indirectly lobbied for amendments to Karnataka Town and Country Planning Act (known as Akrama-Sakrama) to legalize the illegality of land and structures.