BDA E-auctioning of intermediate sites

Q: What is E-Auctioning?

Aveek Paul,

10th September 2013

Real estate News in Bangalore

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Replies (4)

What is the impact of BDA’s decision?

Aveek Paul,

10th September 2013

Comment

BDA’s call to auction intermediate sites have let many people in dash hopes, who, all this time have been waiting patiently for the allotment of such sites. The application for such sites will lean on seniority in regard to age, number of attempts, category and the yearly income of the candidate.

Varun,

10th September 2013

More than six lakh applicants have requested for BDA sites, and have been in the que for years, however, BDA has been been bit self-centered in allocating the sites. In its move as a real estate agent, BDA has auctioned certain sites with a clear eye for higher profit stake, overlooking the interest of the general public.

Mritunjoy Deb,

10th September 2013

According to market sources, around 13000 intermediate residential sites are in line to get listed for auctioning by the BDA in the coming days. In addition to it, more than 1000 such sites will be listed online for-auctioning, similar to the last 2 years. Property consultants further corroborate that e-auctioning has turned into a profit-yielding real estate business for the BDA

Varun,

10th September 2013

How many sites has been proposed for re-auctioning?

Aveek Paul,

10th September 2013

Comment

Around 90 sites in JP Nagar 8t Stage, HSR Layout, Kumaraswamy Layout, Domlur, Rajiv Gandhi nagar, Hal 3rd Stage, BTM Layout, Jnanabharathi and Kengeri have been auctioned on e-portals

Niketan Verma, Bangalore

10th September 2013

Out of the 90 sites declared, 52 sites are declared intermediate. The court ruled out that the applications are required to called by the general public only, however, BDA officials declared of not having any knowledge about such a ruling.

Niketan Verma, Bangalore

10th September 2013

I heard that The BDA’s decision to e-auction few residential intermediate sites on e-portals have taken away the state authorities by a storm. The reason of concern is that such sites should have been assigned to the needy ones, who have been in the que for a long time. Instead, the sites are being upheld for auctioning, for potential buyers.

Gajendra V, Bangalore

10th September 2013

Comment

The BDA’s decision to e-auction few residential intermediate sites on e-portals have taken away the state authorities by a storm. The reason of concern is that such sites should have been assigned to the needy ones, who have been in the que for a long time. Instead, the sites are being upheld for auctioning, for potential buyers.

Himani,

10th September 2013

It is a method of negotiating through an online platform. In this method, suppliers are bestowed with the option to shape up their proposals depending on the market feedback. To add to its credentials, this method is regarded as one of the most lucid ways to supervise negotiations.

Himani,

10th September 2013

Comment

E-auctions are inclusive of both price and non-price parameters. Furthermore, by participating in an e-auction, a number of benefits can be availed by the participants. Transparent process, getting real-time market data, time management, and awarding of the contracts at a faster rate are some of the benefits of participating in an e-auction.

Niketan Verma, Bangalore

10th September 2013