This is one link which I have been meaning to put up on the blog for at least two days now. This links to one of the most grim realities of Bangalore today and highlights in some detail as to how the Real Estate mafia operates in Bangalore today.
For people like me who were born and brought up in Bangalore and share a special bond with that place, this articles vindicates what we have been feeling for the past 8 odd years now regarding the land prices there. Some of us intuitively knew that there was something wrong with particular aspect of the city in the recent past. Yes, while the Information Technology boom has contributed in no mean measure to the spike in prices, but the kind of spurt in far-flung areas well away from the IT activity was kind of inexplicable.
This particular article details at least one of the more grimmer aspects of this bubble.
Related Links –
Wired Article by Scott Carney