Incessant rains have left Koramangala residents worried as many houses in the low-lying areas are filled with water, making it difficult for people to step out of their houses. Tired of this ordeal many tenants have opted out of the area, making the rents fall steeply.
Despite low rents, tenants are not ready to stay there, nor anyone is ready to take the houses situated on the ground floor.
After a heavy downpour on the Independence Day this year which in Bengaluru alone recorded 14.4 CM rainfall (HAL Station of the Meteorological Department), many places in the city were flooded.
This has affected the real estate prices in Koramangala. The Hindu reported that there has been at least 30 percent decrease in the rents of the houses situated in the ground floor. The agents are receiving continuous calls to find a new house anywhere but in the low-lying areas of Bengaluru.
Encroachments, dysfunctional SWDs, Negligent GoK, apathetic agencies & more. RT with ur views #BengaluruRains #YourVoiceMatters #Bengaluru pic.twitter.com/tqLXR40Z7N
— NBF (@Namma_Bengaluru) August 24, 2017
Bengaluru: Overnight rains wreck havoc, city witnesses heaviest August downpour since 1890https://t.co/4US83bV3Dq pic.twitter.com/qQ0CpZTel8
— Lalit Rajput (@imlalitrajput) August 18, 2017
People converted lakes to residential layouts. #BengaluruRains converted them back to Lakes!
Nature wins always...!😄 pic.twitter.com/QbaKDf7xig
'Venetian style' houses in Bengaluru after the rains. https://t.co/DMqurcfCcb pic.twitter.com/Qv8zBbC5T8
— Raja Mitra (@montouche) August 17, 2017
2 days back #Bengaluru City was flooded with #Rains n now with #Foams. Silicon City is getting effected with lake encroachments n pollution pic.twitter.com/bekm1EKusY
— kavitha Rao (@iamKavithaRao) August 17, 2017
#BengaluruRains Here comes the scary bit - the ‘Toxic foam’ engulfed a large part of the polluted Bellandur Lake https://t.co/Oie7rZVc13
— Swapna Raghu Sanand (@Svara) August 17, 2017
Fire and Emergency service personnel use boat to shift people in #Kormangala in #BengaluruRains pic.twitter.com/TbrlHjJSfq
— Lijo Abraham (@LijoAbrahamN) August 16, 2017