BDA provides another opportunity to purchase sites in Nadaprabhu Kempegowda layout

Bengaluru: The Bangalore Development Authority (BDA) has provided another opportunity to purchase sites in Nadaprabhu Kempegowda Layout, a major residential area in western Bengaluru.

The BDA decided to conduct an e-auction of residential and commercial corner and intermediate sites in the layout, which already has nearly 90% of its modern infrastructure facilities and connectivity network. While the BDA has alsobegun the allotment process for Dr. Shivaram Karanth Layout, it has scheduled an e-auction of around 101 sites of various dimensions across different blocks of Kempegowda Layout. Interested buyers have until November 16 to register their interest in participating in the e-auction. The base bidding price has been fixed at Rs. 80,000 per square metre.

The BDA began developing Nadaprabhu Kempegowda Layout in 2010 and formed around 29,000 sites of various dimensions. Between 2016 and 2026, it allotted more than 22,000 sites, including 9,000 sites to landowners. Although the BDA initially issued a notification to acquire around 4,040 acres of land in the first phase, it has acquired only 2,200 acres so far.

Residents and allottees struggled for several years to secure adequate infrastructure facilities in the layout. Eventually, nearly 90% of the infrastructure work was completed. Major Arterial Roads (MAR) have also been developed. The BDA is also planning to construct a 250-metre-high Skydeck in the layout, which is expected to further enhance property values in the area. Participants in the auction must be Indian citizens. They must upload the required documents, including photographs, signatures, Aadhaar and PAN details, on the auction portal. Applicants must also provide their correct residential address, email address, mobile number and landline number. Bidders registering their names on the e-procurement portal will be considered final, and the sites cannot be transferred to another person’s name. A total of 101 sites will be auctioned on an ‘as-is-where-is’ basis in accordance with the BDA Corner Sites, Intermediate Sites and Other Auctionable Sites Disposal Rules, 1984. Depending on the site serial numbers, the bidding process will take place from November 17 to November 20. Interested applicants can register until 5 pm on November 16.

Successful bidders must pay 25% of the total site value after deducting the Rs. 4 lakh Earnest Money Deposit (EMD) already paid. The remaining amount must be paid within 72 hours of receiving the e-auction advice letter. Failure to make the payment within the stipulated time will result in the BDA forfeiting the Rs. 4 lakh EMD. According to a BDA official, the current real estate market price in Nadaprabhu Kempegowda Layout ranges between Rs. 9,500 and Rs. 10,000 per square foot.

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The Hans India