The concept of high rises came into being after the change in the CDP ( City Development Plan) in the last five years that allows the developers to go vertical. Developers are fast catching on to the trend as the city’s by law allow for high rises.Bangalore might be getting a Manhattan makeover. The high rises are getting taller but the builders should thoroughly check on safety measures on those kind of projects
If sources are to be believed then high rises have a great appeal among the young home buyers. 10 years ago in Bangalore real estate industry norm was to build 12 storey apartments, which now has risen to 20 storey apartments.
For instance, if a developer is plan for a vertical high rise complex on a 10 acre plot then the developer would be using two acres roughly leaving eight acres as open space.
High rises allow developers to provide parks, more green space and amenities. According to real estate expert, going vertical will give more percentage of open space at the bottom, which is an added value to the project