BDA to Auction 145+ Prime Sites in Bengaluru: A Golden Opportunity
The Bangalore Development Authority (BDA) is launching a high-stakes online auction for 145+ prime corner and intermediate sites across Bengaluru in mid-March 2025. This move aims to generate substantial revenue while offering rare chances to acquire legally verified plots in established layouts.
Key Locations and Pricing Insights
- Bhoopasandra near Hebbal: Affluent suburb with growing commercial appeal.
- Nagarabhavi 2nd Stage: Residential hubs near Bangalore University.
- Banashankari 6th Stage: Posh locality with infrastructure-ready plots.
- Sir M. Visvesvaraya Layout: Seeks elite buyers for strategic land parcels.
- HSR Layout: Sought-after IT corridor for mixed-use development.
- Koramangala 4th Block: Luxury plots at ₹2 lakh per sqm.
- Anjanapura Township: Value-for-money sites at ₹70,200 per sqm.
Auction Process and Rules
- Earnest Money Deposit (EMD): ₹4 lakh per site via BDA’s e-procurement portal.
- Bidding: Online with ₹500 increments per sqm.
- Payment Structure:
- 25% within 72 hours of bid advice.
- 75% remaining due within 45 days.
- TDS: 1% on properties over ₹50 lakh under IT Act 1961.
- Single Bidder Clause: Requires 5% increase over base price if unopposed.
Eligibility Criteria
- Citizenship: Only Indian nationals. NRIs need embassy-certified documents.
- Joint Ownership: Permitted for spouses, unmarried daughters, or sons.
- Partnerships: Registered Indian firms eligible to bid.
Why This Auction Matters
- Prime Land Supply: BDA-certified plots in fully developed layouts.
- Legal Security: No land dispute risks as BDA owns plots.
- Infrastructure Advantage: Proximity to schools, hospitals, and transport hubs.
- Revenue Boost: Funds generated to aid urban infrastructure projects.
Critical Dates and Deadlines
- Notification Release: Expected after March 10, detailing site specifics.
- Mid-March Auction: Date will declare after official announcement.
- EMD Submission: Mandatory deposit via BDA-approved banks.
Professional Assistance Options
Real estate firms like Coldwell Banker Value Add Realty provide end-to-end support:
- Legal Guidance: Ensuring compliance with BDA regulations.
- Bid Strategy: Optimized bidding tactics for competitive markets.
- Post-Sale Support: Document verification and registration assistance.
This auction represents a rare chance to secure BDA-approved land in Bengaluru’s top zones. Prospective buyers should monitor BDA’s website for real-time updates on site availability, base prices, and bidding protocols.