BDA housing projects in bangalore

Q: Which are the prime areas which were allotted with the housing projects?

Puneet Laskar,

18th August 2013

Real estate News in Bangalore

bangalore real estate

bda housing projects

bangalore development authority

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Replies (9)

Is there any terms and condition of selling BDA flats? I heard that they cannot resale the flat.

Madhav Deb, Bangalore

4th March 2014

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Although BDA expects that the allottees will retain the apartments and will not sell it, till now no certain condition have been imposed in regard to resale of the apartments. Allottees can only resell the flats, once they get hold of the Sale Deed. Even those, categorized under the EWS category, are not restricted with any rule for resale.

Rameswari, Bangalore

4th March 2014

Thanks Manjunath for sharing the information about BDA flats. Any idea about the payment plan and all that would be grateful.

Madhav Deb, Bangalore

4th March 2014

Comment

Paying procedure

Once the BDA allots flats to the respective individuals, the allottees need to ante up in a prescribed manner, as mentioned below:

1) 25% of the housing unit value of the apartment, within 60 days of getting the allotment letter
2) 25% of the housing unit value of the apartment, within 120 days of getting the allotment letter
3) The rest 50% value of the apartment together with BESCOM and BWSSB deposits within 180 days of getting the allotment letter.

Manjunath, Bangalore

4th March 2014

Can anyone and everyone buy a BDA flat or there are some rules and regulations regarding that?

Puneet Laskar,

4th March 2014

Comment

Those willing to be the proud owner of a BDA flat, the income limit of such a candidate must be below Rs 1 lakh per annum and must above 21 years of age. Furthermore, the applicant needs to be citizen of Karnataka for not less than 10 years.

Manjunath, Bangalore

4th March 2014

What are the types of apartments they are going to offer and what will the price range of these apartments?

Puneet Laskar,

4th March 2014

Comment

BDA is going to offer 1BHK, 2BHK and 3BHK flats are priced at Rs 10 lakh, Rs 18 lakh, and Rs 27 lakh on an average.

Neha Patel, Bangalore

4th March 2014

As per records, nearly 3850 flats have been allotted by the BDA. Going by the state budget 2014, approximately 8000 flats have been promised by the BDA in the year.

Manjunath, Bangalore

4th March 2014

Comment

Good news!! Bangalore Development Authority laid the foundation of 30000 affordable units in the city, making flats available for everyone.

Neha Patel, Bangalore

4th March 2014

Comment

As per my knowledge, BDA has given shape to nearly 6000 units in various corners of the IT city, namely-Gunjur, Nandini Layout, Malagala,Alur,Valagerahalli,Halagevaderahalli, Thippasandra, Kothanur and Doddabanahalli.

Rameswari, Bangalore

4th March 2014

Will this project have any impact on the real estate of Bangalore?

Puneet Laskar,

19th August 2013

Comment

Delaying of the project by the BDA will likely impact the real estate in the region. One of the foremost factors to consider is rentals. Delaying of the BDA work will increase the rentals and the poor people will bear the burden.

Rameswari, Bangalore

19th August 2013

Lack of BDA flats will compel poor to look for shelters beyond their budget. However, properties in Bangalore are beyond the reach of the poor. Moreover, such a kind of reluctance on the part of the government builders will help buyers shift their focus to private developers instead of government builders.

Rameswari, Bangalore

19th August 2013

What is the name of the project and how many houses the BDA is going to construct?

Madhav Deb, Bangalore

19th August 2013

Comment

According to the project, around 2 lakh houses were estimated to be built on 300 acres in numerous localities of the city. Such houses will be stationed on government land from the encroachers with the aid of the Revenue Department.

Rameswari, Bangalore

19th August 2013

According to the Ashraya scheme (name given to the project, by government officials), the middle-income groups were allotted at 1.60 lakh and the remaining will be given to poor class.Such houses will be offered for rent in the coming 20-30 years.

Manjunath, Bangalore

19th August 2013

In accordance with the Ashraya Scheme, the Karnataka state government took initiative to build housing for families living below the poverty line in the city. More than 38000 houses have been structured on the revenue land in the city and possession certificates for occupants of over 15000 houses have been declared. The recent issue of craggy land and consistent rise of land rates in rural areas have been a major setback for the project.

Manjunath, Bangalore

19th August 2013

Some of the prime areas, among the 17 localities which were allotted with the housing projects include JP Nagar VIII, Arkavathy, Banashankari V stage and HSR layout

Manjunath, Bangalore

19th August 2013

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