Demolition of apartments.

Recent modernization efforts have been prominent in developing countries. These modernization efforts have been due to geo-political efforts in various engineering discplines. Organizations such as Greater hyderabad municipal corporation has significantly trying to meet the infrastructure needs of Hyderabad. In its efforts GHMC has been trying to help real estate developers develop modern constructions with world class amenities. In its effort it has reduced certain real estate constructions into rumble. Many constructions have been specially marked for re-development. In these scenarious guidelines have been followed.

There are many vacant empty spaces throughout these cities where real estate organizations have been trying to construct. Sq ft land cost has been steadily increasing. A momentus increase of cost per sq ft has been observed from 2000-2014. This rise of cost is primarily due to urbanization. Average cost of apartment has increased from 40,00,000 to 75,00,000. This increase in cost is also due to provision of modern amenities.

Return on investment of these properties has been constant. This constant rise in property value has been attributed to steady rise in rental prices. On an average investment into real estate could be reaped through rent income which is projected at 15,000 rs. Contribution to the industry has been prominent.

Apartment present in Swamy Ayyappa society has been demolished in 2014. Knowledge about this demolition was not provided by the security present at the apartment. Contractor for this apartment would provide knowledge about this apartment. Further request to the specified contractors would enable us to learn more about the damage happening. There are many such construction sites where knowledge about demolition has not been known. Average loss for real estate industries due to these happenings would be around 10,00,000 lakhs. Labor cost and equipment cost has also risen steadily contributing to further increase of sq ft constructed apartment cost.

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