The District Administration has recovered properties worth over Rs.150 Crores to Rs.200 Crores, at Hosakerehally, near PES College, Banashankari, Ring Road, Bangalore.
A residential complex with 300 apartments appears to be in serious problem. (KIADB) in the same area. (Various irregularities noticed in the conversion and building plan approval) Banks might have blindly sanctioned the loan.
The buyers and the bankers will have a tough time, it is also learnt allmost all apartments have been sold.
MORE TO RECOVER:
HRBR, WHITEFIELD (PRESTIGE WHITE MEADOWS ALREADY RECOVERED- PENDING SUIT), J.P.NAGAR, WHITEFIELD, CHIKKA JALA, JALA HOBLI, DEVANAHALLY AND MANY MORE AREAS.
BDA has also proposed to recover their notified properties soon.
SOME OF THE PHOTOS: