Nation Other News 26 Jul 2016 No BDA site? You can ...

No BDA site? You can still bid for one now!

DECCAN CHRONICLE. | CHANDRASHEKAR G
Published Jul 26, 2016, 7:27 am IST
Updated Jul 26, 2016, 7:43 am IST
Authority to auction corner, commercial sites on August 3.
The cash-strapped Bengaluru Development Authority is selling corner sites across the city through the auction route on August 3.
 The cash-strapped Bengaluru Development Authority is selling corner sites across the city through the auction route on August 3.

BENGALURU: Didn’t get a BDA site in the recently announced list for Kempegowda Layout? No need to worry, as you can still own a site by taking part in e-auctioning.

The cash-strapped Bengaluru Development Authority is selling corner sites across the city through the auction route on August 3.

 

Corner sites, commercial sites and other intermediate sites will come under the hammer, BDA officials said. As many as 63 sites of different dimensions have been made available for the public.

E-auctioning of sites helps the authority get proper response. Earlier, the BDA could not auction sites in large numbers as officials had to reach the spot along with bidders and conduct the auction at the site. The process did not evince much interest from bidders.

But e-auctioning gives enough opportunity for bidders and is fetching good revenues for the BDA, sources said. The sites available in the present lot are at Sir M. Visveswaraya Layout 1st and 5th Blocks, Nagarabhavi 1st Phase, HSR Layout 3rd Sector, OMBR Layout and JP Nagar 8th and 9th Phases.

 

The BDA has already fixed the base price, and the highest listed price is for the sites at HSR Layout 3rd Sector, where the bid price starts at Rs 10,500 per sqft.
The interested bidders have to bid over Rs 10,200.

August 2 is the last date for interested bidders to throw in their hats. The sites will be auctioned as per Site Auctioning Rules, 1984. A bidder has to deposit Rs 4 lakh to take part in bidding for one site. E-auction will take place on August 3.  

The bidder should be a citizen of India and the domicile certificate should be attested by a gazetted officer or a notary.  In case of Non-Resident Indian (NRI), an affidavit from the embassy should be submitted to the BDA, the sources said.

 

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Location: India, Karnataka, Bengaluru




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