Bangalore Development Authority, or BDA, is a regulatory agency in charge of regulating the planning and development of infrastructure, the supply of sites and services, and the housing requirements of residents. The Bangalore Metropolitan Region’s biggest land developer, BDA, must be consulted before developing any land. Since we already have a post on our website regarding the details of the BDA E-Auction and how to apply for BDA plots, we will explore the benefits of purchasing a property through BDA Bengaluru.
BDA has developed many layouts in Bengaluru and has been developing many layouts yet. BDA not only develops layouts and sells plots, but they do construct apartments and individual residences in the North, South, East and West of Bengaluru. There are many benefits of buying a property through BDA Bengaluru, let us see them one by one.
When you buy BDA property in Bangalore, you can be assured that the piece of land does not fall into an illegal obligation. A BDA-approved property is regarded as a secure purchase since the layout’s legal history has been documented for the buyer in case there are any future legal issues. They are not embroiled in legal disputes. The buyer has been given the finished, basic infrastructure. Layouts that have received BDA approval are eligible for bank financing with little effort. One may be confident that investments made in such properties will increase in value quickly. In other words, you may blindly purchase real estate in a BDA-approved development.
BDA properties, like BDA villas, BDA apartments and BDA plots are planned in layouts and these layouts are well thought out, including pavements, the right size of the roads (10 feet minimum), and include facilities like playgrounds for children, parks, retail centers, etc. Additionally, these have essential infrastructure features like grid-connected power, well-designed subsurface sewage, and regular Cauvery water delivery.
The BDA-approved property gets financial assistance in banks hassle-free, without much difficulty. BDA-approved layouts are entitled to bank loans. Many of the nationalized banks, and private banks provide financial assistance for BDA properties.
BDA has fixed the prices for the BDA properties at nominal prices so that they can be affordable to all. If you apply for the E-Auction, then definitely you will be able to get the property at the nominal price. Even the BDA apartments and residences have been constructed and sold at rates, affordable to middle-class people. No hidden costs like Pvt builders and developers.
BDA properties are appreciating every year and have high resale value. BDA layouts are well planned and always developed near the availability of good infrastructure, so the BDA property rates are high and if you own one, the resale value is high as everyone wants to live near the developed areas.
The primary task of the BDA is to formulate a development strategy for Bangalore. It prepares floor layouts, approves building plans, and develops a group housing programme. Since BDA is the regulatory body and the signing authority, it is always beneficial to buy properties from BDA Bengaluru.
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