All About BDA & E-Auction 2022

Bangalore Development Authority | BDA E-Auction

We all would have heard the term BDA while buying or selling a property, but many of us don’t even bother to know what BDA is or how it operates. If you are a resident of Bengaluru or if you are looking forward to buying a property in Bengaluru, you should know what BDA is. Purchasing a plot necessitates extensive market research, and it is critical to evaluate all aspects of the property before investing. The nature of the land and its validity is the most crucial aspect to look into. The land should

History of BDA

BDA or the Bengaluru Development Authority was formed on 6 January 1976 under the BDA act 1976, a separate state legislative act was formed for the development of the city. The BDA focuses primarily on the planned development of Bangalore city, excellent infrastructure, provision of sites and services, and meeting the housing requirements of the people. BDA formerly was known as the City Improvement Trust Board (CITB).

The C.I.T.B. developed number of residential extension schemes in different parts of the City on a planned basis and has met a considerable part of the demand for developed house sites. Besides developing residential sites, the C.I.T.B. developed and industrial suburb and also took up road widening schemes – an important road being the B.V.K. Iyengar Road .

What does BDA do?

Bangalore Development Authority (BDA) is a regulatory agency that looks into infrastructure planning, providing sites, zoning, regulation, and planning for residential, commercial, and industrial development. Infrastructural needs are overseen by the urban development functions and housing needs of the below-the poverty line people & the poor inhabitants of the city. In simple words, BDA is a planning authority which approves plans for the construction of houses, layouts or any housing or commercial projects. BDA is the largest plot developer in Bangalore Metropolitan Region and its permission is mandatory to develop any land in Bangalore. Any land development that comes under the BBMP requires permission from the BDA.

Layouts Developed by BDA

Jayanagar, Koramangala, JP Nagar, Anjanapura, Kumaraswamy Layout, Banashankari, Indiranagar, HAL 2nd and 3rd Stages, Domlur, Kasturi Nagar, Sadashivanagar, RMV Extension, HBR Layout, HRBR Layout, HSR Layout, BTM Layout, RT Nagar, Vishweshwaraiah Layout, Arkavathy Layout, Nagarabhavi, Avalahalli (Girinagar), Banashankari 5th Stage, Banashankari 6th Stage, West of Chord Road Layout (Basaveshwaranagar), Nadaprabhu KempeGowda Layout, Aecs layout A, B and C blocks, Kundanahalli gate are some of the layouts developed by BDA.

There are so many plots available for sale in some of the above-mentioned localities. Banashankari 6th stage, Anjanapura and Sir M Vishveshwaraiaha layout have many plots available for sale and are considered the hotspots.

The BDA plots of various dimensions are available. It varies from 600 sq Ft, 1200 Sq Ft, and 2400 Sq Ft, and some odd size plots are available. This is just the brief about the property. Get in touch with our team for more details on the location and the plot size-Contact Us

Site prices range from ₹36,000 per sq meter to ₹1.60 lakh per sq meter. The sites will be auctioned in phases. The 2nd phase of e-Auction will be happening soon.

BDA E AUCTION AVALIABLE SITES

Why should you buy BDA Sites?

The purchase of a BDA-approved sites or layout is considered a safe buy because the layout’s history is profiled for any potential legal issues for the buyer.

Most of the BDA properties are not subjected to legal wrangling’s. The fundamental infrastructure will be completed and then it is available to the buyer.

Layouts that have been approved by the BDA are eligible for bank financing with minimal effort.

You may be confident that your investment in such homes will appreciate quickly.

In short, property in a BDA-approved scheme can be purchased without any second thought.

BDA Auction Property

BDA (Bangalore Development Authority) has been selling plots through e-auction since 2012. These are residential areas in Bangalore’s well-developed areas. Bidding is a convenient approach to buying a property through BDA.

BDA E-Auction Process

>Go to the BDA e-auction page

>Create a new account or log in with your existing credentials

>Make a bid and pay the auction costs

>A single bidder may enter a bid at the starting amount or increase an existing bid by the stated minimum amount

>EMD( Earnest Money Deposit) or pre-bid amount can be deposited through DD or online
provide the documents

> PAN card Address proof Specimen signature Photo identification

>Within 72 hours of the results being disclosed, the winning bidder must pay 25% of the total price

>The remaining 75% could be paid in the next 45 to 60 days

Advantages of buying BDA property through e-auction

>The bidding process is completely transparent like any other bidding

>You may see the bid prices offered by the other bidders

>The majority of the available properties are corner plots

>BDA layouts are well-developed and have adequate infrastructure

>A drinking water connection will be established in BDA Layouts

>You can easily finance the property purchase with a house loan

>You are the property’s first owner

>There is no involvement of an agent or a mediator in this procedure. Any Indian person can invest in these assets

>There are several plot measurement options

>You might be able to win the auction for a lower price than the current market rate

>The location and site map are included in the auction notice. As a result, the property is easy to find

Difference between BDA Allotment and BDA E-Auction

BDA has formed many layouts in Bangalore so far. The Bangalore BDA keeps track of candidates who have applied for sites in BDA layouts. BDA normally allots plots, on a first come first serve basis and based on particular criteria and a lottery mechanism after establishing a layout. The property allotment may take years together.

This is not the case with a BDA e-auction. Any Indian citizen can participate in the auction. There is not a lottery system in place. The auction will be won by the highest bidder on a certain range.

BDA complex

Almost in every BDA developed area, there is a BDA complex. For example, there is a BDA complex in Jayanagar, HSR Layout, Koramangala, Nagarbhavi, Banashankari, and many other areas. Almost all the BDA complexes are famous for budget shopping and street food and chats.

BDA Property Tax Payment

BDA property tax payment is very easy nowadays. It can be done online. Property taxes can be paid by net banking, debit card, or credit card.

BDA Site Measurement

BDA mentions BDA site dimensions only in meters ( not in Feet )even in the papers. It is your responsibility to check for the exact dimensions before making the final payment and agreement.

The next auction date is about to be announced soon, anyone interested please contact Coldwell Bankers Value Add Realty.

Available BDA plots for sale in Banashankari 6th Stage

BDA plots for sale in Banashankari 6th Stage 1st Block

[table id=10 /]

BDA plots for sale in Banashankari 6th Stage 2nd Block

[table id=11 /]

BDA plots for sale in Banashankari 6th Stage 3rd Block

[table id=12 /]

Official BDA site

Have a look at some of the important links- BDA E Auction 2022

Contact 9902066670 for more such BDA sites in Bangalore.

Frequently Asked Questions

1. Is it safe to buy plots through e auction 2022?

Ans. Yes it is very safe and the process is very transparent

2. Who can participate in the e auction?

Ans. Any citizen of India can participate in E Auction

3. When was the last E auction held?

Ans. In the month of April and May 2022