Bengaluru: Note ban shadow over BDA site buyers

Buyers are finding it difficult to arrange for money, bank loans. More than 50 sites surrendered so far.

Bengaluru: Getting a site in a Bengaluru Development Authority (BDA) formed layout is like dream come true for many, but scores of people have offered to surrender them owing to their inability to pay within stipulated period to get it registered.

It is believed that BDA sites are invariably litigation free and ensures hassle free khata and other titles. According to sources, for over 50 sites people have opted to give up.

Some of them have orally revealed that due to the demonetization they are unable to borrow money from the friends and relatives. Getting loan too has become tough for them.

Some others said they needed more time to arrange for money or they would have surrendered their sites. For few others, the price quoted by the BDA is way too high and on par with private builders.

What is the point in buying the BDA site, they asked. Following the BDA’s notification for allotting 5,000 sites, it had received 31,000 applications. The BDA shortlisted 5,000 applicants based on the allotment rules.

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One of the allottees said she has been allotted with a site with 30X40 feet dimension at the Nadaprabhu Kempegowda layout and has made an initial deposit of Rs 2.90 lakh with the BDA. She claimed that she has been facing financial crunch and will not be in a position to pay the remaining instalments.

Another allottee, Jayagouri, a resident of Sadanandanagar in NGEF layout, a copy of which is available with DC, said that due to the demise of her husband she could not arrange for the money. She has attached copies of bank details, allotment letter and no objection certificate and demanded a refund of her initial deposit money.

Last date extended by 60 days

Following a massive demand from allottees, the BDA board, comprising BDA commissioner, Chairman and other officials, has decided to extend the last date by 60 days to enable the allottees to arrange for the money, said Basavaraj, BDA secretary.

Asked whether the allottees will be persuaded to withdraw their letter, Basavaraj said that they would not do so. Notification will be issued for the returned sites and will be allotted as per the rules, he added.

( Source : Deccan Chronicle. )
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