The market for bungalouys is on the rise.
According to a survey by the Institute of National Statistics, bungaloes are the most sought after property in India and have been rising in price by about 50 per cent over the past decade.
While prices have not fallen in the past three years, prices are rising in some parts of the country, especially in the cities.
Some are even selling for Rs 1.4 lakh per square metre.
This is not the first time bungalots have come under pressure.
Last year, the NITI Aayog, the apex body of the Indian government, recommended the state governments to take measures to curb bungalowing.
“We should have a robust anti-bungalowing drive,” said Suresh Bhattacharya, the chairman of the Niti Aayoyog.
But, the government has failed to implement the recommendations, leaving many to look at other options.
“There is a lot of pressure on the local authorities,” said Gopal Verma, a resident of an upscale area of Kanpur, a town in Uttar Pradesh.
“It’s becoming increasingly difficult for the city to live in harmony with the rest of the state.
There is not a lot going on in the area.
The area is not well maintained.
It is not conducive to a well-built, well-maintained and well-organized city.”
For all the latest India News, download Indian Express App