BDA to Auction 171 Premium Corner and Intermediate Sites Across Key Bengaluru Layouts
The Bangalore Development Authority (BDA) has come out with a plan to auction 171 corner and intermediate sites in several leading layouts of Bengaluru. Some of these places are Bhoopasandra (near Hebbal), Nagarabhavi 2nd Stage, Banashankari 6th Stage and J P Nagar, selections that make them worthwhile for property investors and homebuyers.
BDA E-Auction 2024 Details
Auction Schedule
1. For Plot Numbers 1 to 60
- Start Date: 25th November 2024
- Starting Time: 11:00 AM
- End Date: 26th November 2024 (Delta time: 5 minutes)
- Ending Time: 5:00 PM
- Minimum Bid Raise: ₹500 per sq.mtr
2. For Plot Numbers 61 to 120
- Start Date: 26th November 2024
- Starting Time: 11:00 AM
- End Date: 27th November 2024 (Delta time: 5 minutes)
- Ending Time: 5:00 PM
- Minimum Bid Raise: ₹500 per sq.mtr
Key Notes:
- Auction is conducted on an “As Is Where Is” basis.
- Participants must register by 5:00 PM on 22nd November 2024.
For more info: bda.karnataka.gov.in
The BDA also has listed minimum prices it will accept at the auction for each site, depending on the configuration of the layout. Sites in Chandra Layout are priced from ₹1.35 lakh per square meter, while sites in Kumaraswamy Layout are selling at ₹2.13 lakh per square meter. It also includes other sites in other major areas — each with its own minimum bid amounts specific to those areas.
A great opportunity for buyers seeking to acquire a strategic corridor or intermediate plot you get in some of the well-developed and sought-after localities in Bangalore slated for this auction from out Vendors.
The Bangalore Development Authority (BDA) e-auctions have been creating waves in the real estate market, offering opportunities to acquire prime properties in Bangalore. With 171+ sites up for grabs this month alone, it’s clear that demand for BDA sites continues to surge. But how do you navigate this process effectively? We sat down with our resident BDA specialist, Mr. Sati, for a straightforward guide to acing the BDA e-auction process.
BDA Site Locations
-
Anjanapura Township
- 1st Block: Plots 1–5
- 2nd Block: Plots 6–9
- 3rd 'A' Block: Plots 10–12
- FE of Anjanapura
- 10th Block, Gollahalli: Plots 18–24, 40–54, 55–69, 70–83, 91–94
- 10th Block, Kembathahalli: Plots 95–106, 121–123, 138–151
- 5th 'G' Block, Gollahalli: Plots 40–54
- 11th Block, Kembathahalli: Plots 124–129
-
Banashankari (BSK)
- 5th Stage: Uttarahalli (13, 14), Vaddarapalya (15, 16), BM Kaval (17, 37–39), Hemmingapura (54, 90)
- 6th Stage: 1st Block, Turhalli (85, 86), 2nd Block, Turhalli (87), 6th Block, Sompura (88, 89), 8th Block, Hemmingapura (90)
- 4th 'B' Block, BM Kaval: Plots 37–39
-
Chandra Layout
- 1st Stage:
- 1st Block, Gangondanahalli: Plot 25
- 2nd Block, Gangondanahalli: Plots 26–32
- 1st Stage, 2nd Phase, Gangondanahalli: Plots 33–36
-
JP Nagar
- 4th Block, Alahalli: Plots 107–114
-
Koramangala
- 4th 'B' Block, Jakkasandra: Plots 115–118
-
HSR Layout
- 7th Sector, Yellikunte: Plot 133
- 6th Sector, Yellikunte: Plot 134
- 3rd Sector, Yellikunte: Plots 135–136
- 1st Sector, Agara: Plot 137
-
Nagarabhavi
- 2nd Stage:
- 3rd Block, Malagala: Plots 152, 153
- 5th Block, Malagala: Plots 154–157
-
Arkavathi Layout
- 10th Block, Dasarahalli: Plot 166
- 6th Block, K Naayanapura: Plot 167
- 20th Block, Hennur: Plots 168, 169
- 15th Block, Thanisandra: Plots 170, 171
-
Other Notable Locations
- Mahalakshmi Layout, Industrial Suburb, Kethamaranahalli: Plot 164
- Banashankari 2nd Stage, CT Bed, Yadiyur, Nagasandra: Plot 165
- Sir M Visvesvariah Layout:
- 5th Block, Ullalu: Plots 161, 162
- 4th Block, Ramasandra: Plot 163
Why Participate in BDA e-Auctions?
BDA auctions have gained popularity for their transparent and accessible process. Month after month, the authority releases plots catering to various needs—whether residential or commercial. Despite this, only a few buyers muster the confidence to participate and win.
Mr. Sati emphasizes:
"For serious buyers looking to construct and live in Bangalore, this is the best investment. The auctions are tailored for end-users rather than speculative investors."
Key Highlights of the Current BDA e-Auction
- 171 Sites on Offer: This month’s auction covers multiple prime localities, including highly developed areas in the 10th and 11th blocks.
- Pricing Trends: Prices have seen substantial growth over the last two years, nearly doubling in some areas. For instance, plots priced at ₹6,000 per square foot two years ago now hover around ₹14,000.
- Dimensions & Locality Insights: Sites range from compact dimensions for residential use to large plots for commercial purposes. Localities like Tamar Wedding Venue remain in high demand due to their connectivity and infrastructure.
Who Should Participate?
The auctions cater primarily to those looking to:
- Build and Reside: Buyers who plan to construct a home and live in it will find immense value in these plots.
- Secure Prime Locations: For those seeking properties in well-developed and connected areas, these auctions provide a unique opportunity.
However, speculative investors looking for quick returns may find these auctions less suitable.
Expert Advice for Winning
- Do Your Homework: Analyze the market trends, locality preferences, and site details thoroughly.
- Visit the Layouts: Ground visits help you assess development and infrastructure firsthand.
- Consult Professionals: Seek expert advice to identify high-potential plots and strategize your bids.
Mr. Sati adds:
"It’s essential to work with experienced partners who can guide you through the technicalities and pricing dynamics of the auction process."
What’s Next?
The next step involves selecting your desired site, paying the Earnest Money Deposit (EMD), and participating in the auction. At our office, you’ll receive:
- Free Consultation: From site selection to technical support, all our services are offered at no cost.
- Strategic Guidance: Our team of experts brainstorms with you to finalize your choice and bidding strategy.
Final Thoughts
The BDA e-auctions are a golden opportunity for buyers looking to secure property in one of India’s fastest-growing cities. As Mr. Sati concludes:
"Talk to the right people, analyze your options, and you’ll secure the best price. With proper guidance, you can not only participate but win big in these auctions."
Ready to Take the Leap?
Reach out to our team today to kickstart your journey. From consultation to the final bid, we’re here to support you every step of the way. Let’s start selecting the sites, paying the EMD, and making your dream of owning a BDA site a reality!
