Bangalore Development Authority : BDA e-Auction latest Notification details

Bangalore Development Authority (BDA) has come up with new notification for e-auction of residential sites. The last BDA e-Auction was happened in July 2019.

BDA e-Auction : Latest notification (November 2019)

The last date for applying to BDA e-Auction is 03-Dec-2019. Below are the details of important dates related to this auction.

  • Commencement of BDA e-Auction Live Bidding : 13-Nov-2019
  • Last date to apply for BDA auction : 02-Dec-2019
  • Closing date of BDA E-Auction : 03-Dec-2019

Why should I buy BDA’s Auctioned plot?

In my experience, if you have home loan eligibility (income) then you can easily get a home loan for a BDA plot. BDA’s auctioned corner plots are free from litigation. But make sure you buy corner plots only. BDA should not auction intermediate sites (as per Karnataka High Court’s verdict).

In most of the real estate deals, the registration amount and the deal (Agreement amount) amount differ. So, part of your property deal is funded through ‘black money’ (whether you like it or not, I am sure you agree with me?).

In BDA e-auction case, the entire auction amount (registration value) is in white and should be paid through your Bank’s RTGS system (Real Time Gross Settlement) or through DDs (Demand Drafts).

Kindly remember one important point. If your total auction amount is more than Rs 50Lakh then the successful bidder has to pay 1% of the auction amount as TDS (Tax Deducted at Source). This amount should be paid to Income Tax Department before registering your property. This is in addition to registration and stamp duty charges.

BDA e-auction Process:

I tried to explain the entire BDA e-auction process in the below info-graphic.BDA auction to registration

(Please visit my post on “BDA e-Auction details” for more information. I have provided all the required details on bidding process)

I had participated in BDA e-Auction in 2012 and successfully won the bid. The entire bidding process is very transparent. If you have any queries or require more information on BDA e-Auction then do leave your comment. Cheers!


BDA’s Latest e-Auction Notification 2019-20

Latest News : Click on the below image to view BDA’s latest e-Auction Notification details : BDA e-Auction November 2019 – December 2019 (last date for BDA e-auction is 03-12-2019).

Continue reading:

  • Rajesh says:

    Hi,

    Very informative post. Thank you. Do you happen to know the process for NRIs to bid on the BDA auction.

    I tried registering on eProc, but it always saves the country as India even if I provide a US address.

    Thanks,
    Rajesh

  • Chandu says:

    Will we get a bank loan after 25% of the payment and getting the allotment confirmation? so that we can mortgage for the remaining 75%?

  • pavan says:

    hi ,very helpful to see your blog,
    i have few questions,
    bid amount column – we should enter bid price like 50,500 suppose if initial bid price is 50,000 or should we enter only 500 .

    – in the bid amount column can we bid for lower price like 40,000 if initial bid is 50000 ?

    suppose we have just shown interest in participation but did not bid for it during auction and no one else bids for it, will they allot us without bidding and can we reject it if we are alloted without we entering the bid amount.

  • Guru says:

    Hi Sreekanth,

    I made a successful bid in the current e-auction yesterday (29-09-2020) and received the advise letter today @ 1:55pm to pay the remaining part of 25% site value. Your blog and discussions here were very helpful. Thank you!.

    One question I have is on the TDS payment. When I should pay 0.75% TDS (it is not 1% now it seems since 14-05-2020) to tax department ?

    Should I do TDS in two batches, now for 25% and later for remaining 75% ? Or should the whole TDS amount is to be paid now ?

    Advise letter has only deducted 4L EMD payment and have mentioned the remaining amount of 25% as payable in 3 days. No clarity on total TDS amount or when it should be paid.

    • Sreekanth Reddy says:

      Dear Guru,
      Congrats on winning the e-auction bid!
      If the total value is > Rs 50 lakh, you can deduct 0.75% of each installment as TDS and deposit it to the govt.
      Yes, you can do it in two batches.

      Suggest you to go through the comments posted in this article as well (can be useful) : Latest BDA e-Auction 2020..

  • swamu says:

    can Solo bidder win the bidding?

  • Sadiq says:

    Hi Sreekanth,

    If I am the highest bidder of the plot at the moment, is it possible to withdraw my bid?

    Asking because we are bidding on 2 different plots so as to increase the chances of getting at least one within our budget. But if it so happens (in the rare case) that we are the top bidders of both plots, I want to know if we have the provision to withdraw the bid.

    • Sreekanth Reddy says:

      Dear Sadiq,
      No, its not possible to withdraw from bidding.
      If you are the solo bidder and if BDA accepts your bid then you got to pay the total amount to get the property in your name (or) forgo your EMD amount (if you do not pay the amount).

  • Maqsood Alam says:

    I think Comments are deleted

  • Ashish says:

    Hey Sreekanth,

    Recently MUDA has come out with auction of Sites in Mysore, I’m looking at site which is at a base price of Rs. 20.8 Lakhs & the total sq.mt area is 109.80, the minimum bid mentioned is Rs. 10,000 for sites below Rs. 1 Crore!

    I’m confused, if it is Rs. 10,000 / Sq.mt or Just Rs. 10,000 on the Base Price.

    • Sreekanth Reddy says:

      Dear Ashish,
      I think its per sq mt.
      You may kindly check @ MUDA official portal.

      • Ashish says:

        It’s just mentioned Rs. 10,000, so I’m assuming it is Rs. 10,000 and its multiples on the base value.

        Follow up, how do we see bidding status of any sites? If you have any info on that?

        • Sreekanth Reddy says:

          Dear Ashish,
          Rs 10,000 is minimum bid incremental value.
          For ex : If initial bid price is Rs 50 lakhs then next minimum bid price that can be quoted is Rs 50,10,000.

  • Vikas Annappa says:

    How many sites can you bid with 4 lakh deposit ?

  • Avinash says:

    Hi Sreekanth,
    I have a query while initiating the bidding process.
    After submitting the participation of interest, if the price is still at the base price. Is it assumed I am the first bidder and the base price is the upset(bidding) price?
    Or should I bid at-least-once(with Rs, 500 per sqmtr) to start by bidding?

    • Sreekanth Reddy says:

      Dear Avinash,
      You can get the allotment done at base bid price..but always advisable to make a bid for at least once to avoid last minute confusion..

  • ut says:

    what is delta time in BDA e auction? How does it help us?

  • Nagraj says:

    eProc website is not accessible from London. But, I think as this is open for NRIs this should be accessible. I am unable to access it. Have anyone tried?

  • Nagraj says:

    Hi, Even though the above Notification says it is opened from Nov 13th if we go to the eproc webpage there are no Live listings at all. Even the eproc.karnataka.gov.in web support people mentioned BDA has not published any Auctions. Any idea on this? Has anyone already seen it?

    • Sreekanth Reddy says:

      Dear Nagraj,
      The latest (Nov 2019) eauction notification has been published and is still available @ BDA portal.
      Yes, the live auction for these sites has not yet been enabled in eProc site.

      You may contact the BDA office.

    • Guest00789393 says:

      I confirm the same. Tomorrow last day and still no bids are listed.

  • Smita says:

    Hi I am participating in BUDA reaction from Bangalore.
    Please let me know what documents required for e auction.
    What is specimen signature.
    My number 96636115**.

    • Sreekanth Reddy says:

      Dear Smita,
      You Aadhaar, PAN card, bank account details etc., are required.
      Sample signature of yours is required.

  • Nalina says:

    Hi Sreekanth,

    Your blog is helpful for a person who is new to eauction and has a dream to own a house in Bangalore. I just followed the instructions within the blog and I am stuck in the bidding part. The initial price per Sqmtr is Rs 78210 ( total its 86.25 sq mtrs site ) with Bid change price of Rs 500. So within the live bidding section I see Bid Amount and along with a drop down tab ( which has 1, 2, 3,..) So wondering If I am bidding I should add Rs 500 for every bid which means Rs 78710 per sq mt , assuming there are no one bidding for this property at the moment . Also what should I do with the drop down there.

    • Sreekanth Reddy says:

      Dear Nalina,
      Yes, the minimum bid change price that you need to add is Rs 500 per sq mt.
      In case, there are no other competitors, you can win the eauction at initial bid price itself.
      But, kindly note that BDA may have the right to reject such e-auction. (Though it sounds unfair, I have observed this happening..)

      Kindly go through this link @ ‘How to proceed with BDA e-auction injustice?

      I do not remember about the purpose of drop down options..

  • vijaya kumar says:

    Sir,
    This the rejection email I got from FM BDA

    ============================
    Dear Sir / Madam,

    This is with reference to Auction Site No. 66 in BTM 1st Stage, Sy.No.50 of Tavarekere notified by BDA vide E- Auction Notification No.BDA / EM / E-Auction / T-05 / 2018-19 dt: 19-9-2018. Your offer of Rs.1,40,550-00 per sq.mtr has been rejected.

    Necessary advice will be sent to E-Governance Department for initiating refund of the initial deposit of Rs.4.00 lakh remitted by you for the said auction.

    Yours faithfully

    Finance Member,

    BDA, Bangalore.
    ==========================

  • vijaya kumar says:

    sir,
    I am great fan of your real estate articles. Influenced by your BDA e-action article I have applied for e-action at BTM1 Layout Tavarekere site no66 of 139.5 sqmt (30×50) and own as highest bidder with bid amout 144450 per sqmt (Min bid was 103050 per smt) on 29/9/2018 at 17.30 hour since action was keep on exending in increment of 5 minutes wit every bid after 1600 hours.
    Since I need to pay 25% bid amount (48Lakhs) with in 72 hours, I liquidated my FD of 40Lakhs and went to BDA to get vocher to pay.
    BDA Finance officials said meeting is going on to decide the successful bidders list and info will be sent on your email then only you can pay.

    At about 12.30 I got the email in mobile stating that my bid is rejcted with out assigning any reason. I immediately went of FM section and saw two more highest bidders like me who are also rejected. BDA cleark guided me to a officer who told that reason for rejection is highest bid not up to the BDA expectatation of higher than 2,00,000 per sqmt, They will call for again with in a week and bid for highest amount to get the site, He say BDA has right to reject bid with out any reason. Is is fair when they announced minimum bid and action goes 40% higher than mininum bid.
    Total list of sites rejected are No 57, 62, 65, 66, 67,68,82, 83,84,85
    only 6 sites were accepted are 45,71,49,48 (They are ajacent sites bid by single individual as told by a affected person there) 68,69

    Can you guide what leagl action can be take to get action site
    with regards
    vijaya kumar

  • basaraj says:

    Congratulation to all

    For any loan help needed you can contact 9980007772 or 08042024480

  • Vinod says:

    How do you know you have Won the e-Auction Bid? Is there a Confirmation Email sent by BDA? Do we need to Call up BDA to get the confirmation? When do we start transferring the 25% Money?

  • Jeevan Prakash says:

    Dear Sreekanth,
    Once a site is won through e-auction, do you recommend some must dos, apart from the payments?
    i.e, do you recommend getting the site dimensions checked by bda work inspectors or so ?

    Have you heard of some differences like – a 20*30 site auctioned, but actual dimension due to some reason being 19 *30 or so?

    Best Regards
    Jeevan

    • Dear Jeevan,
      Suggest you to first measure the dimensions yourself and then apply for e-auction. Most of the plots are Corner ones so it is easy to measure (unless there are two adjacent corner sites).
      But once you have won the site, I believe you can’t do much (if the measurement is less then its a loss)

  • Jeevan Prakash Kasim Setty says:

    Dear Sreekanth,
    A very great initiative with this site. Thanks for your efforts.
    For refund of deposit of eauction – if we have not won the bid, do we need to apply/submit an application or does refund happen automatically? What is the normal period?

    Best Regards
    Jeevan

  • sasikala says:

    has there been any other BDA e notification after this? we r watching ur site for this.very helpful for people in search of residential site

    • Dear sasikala,
      BDA had conducted too many e-auctions between 2012 to 2015 and I believe that they have almost covered all available plots (of old BDA layouts) in these auctions.
      Even if they come up with new e-auction, the number of plots can be very limited.
      I will surely try to update this post in case if new e-auction notification gets issued by the BDA.

      • siva says:

        Hi Srikanth,
        Thanks for detailed explanation of DBA auction. I need urgent information to bid for BDA site next week.
        I am an NRI. How can I pay the 25% and 75% (planning loan) and how to register without being able to travel to India shortly?

        Bank limits 10 lakh maximum transfer. In case my 25% is more than that, how can I make one transaction?

        Can I have someone in India to pay on my behalf and submit the challan? Can I have GPA to someome to register on my behalf? Please help with info ASAP.

        • Dear siva,
          I do not have complete information on ‘registration process of BDA auction site bought by an NRI’.
          I believe that you can give POA to your representative and complete the transaction.
          Suggest you to get more details on this from BDA or any civil lawyer in Bangalore.

          • siva says:

            Hi Sreekanth,

            Thanks for the response. Regarding payment of 25%. Can I may multiple payment through RTGS(due to max limit of 10 Lakh by bank) instead of single DD? Do you know if anyone did or is it valid?

            Siva

          • Dear siva ..I believe that it is allowed and as long as you complete the transactions within the stipulated time-line.
            But you may have to submit multiple Challan forms (of these transactions) to the BDA team.

  • Arivuselvam says:

    Need E aution details to My mail id

  • Nagarathna says:

    hi Sreekanth,

    Greetings! Appreciate your efforts in doing a good job with this blog. It is helpful. If the bid is not won, within how many days is the money refunded?

    Regards,
    Nagarathna

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  • Vivek says:

    Hi, In case of successful bidding and winning the bid. Does the bidder have to pay 25% along with 4 lakhs EMD amount or just 25% of including the bid amount.

    Thanks.

  • dilip says:

    Hello,
    I’m interested to participate in bda e auction and as the money I had doesn’t meets with the possible successful bid rate,i’m hoping to know whether bda will provide some extra time than the usual say 1 or 2 months upon written request

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