The Bengaluru Development Authority (BDA) has re-commenced auctioning its corner sites in various layouts. This comes two months after the Karnataka State Chief Minister B.S. Yediyurappa announced that around 12,000 BDA sites will be auctioned in a phased manner.
Since 2011-12, the BDA has been aggressively offering the plots for sale through e-auction. These are residential / commercial sites in well developed localities of Bangalore.
Bidding / e-auctioning is a hassle-free way to own a property, especially if want to avoid any sort of black money in real estate transactions.
Difference between BDA Allotment and Auction:
BDA has so far formed about 62 layouts in Bangalore. Bangalore BDA maintains a seniority list of applicants who has applied for sites in BDA layouts. After forming a layout, BDA generally allots the plots based on certain criteria and lottery system. The e-auction process is different to this. Any citizen of India can apply for auction. There is no lottery system. The highest price bidder of a particular plot will win the auction.
Latest BDA Plots E-auction 2020 Notification
BDA has issued the latest e-auction notification for around 200 corner sites in the first phase.
The E-auctions for sites at HSR Layout, Sir M. Visvesvaraya Layout, Banashankari, NGEF, J.P. Nagar and Rajajinagar commences from June 20, 2020.
The last date to express interest of participation is 06-july-2020 and the last date for closing e-Auction is 7th July, 2020.
The cost of a site ranges from Rs 39,000 per square metre to Rs 1.60 lakh per sq metre depending on the location. The maximum number of sites is available at M. Visvesvaraya Layout and Banashankari.
You may kindly click on the below image to download the complete and latest BDA e-auction notification (June-July 2020).
BDA Sites Online Auction Terms & Conditions
- Applicant should be a Citizen of India
- NRIs & Partnership firms also can participate in the auction
- Applicant has to pay Rs 4 Lakh per site as Earnest Money Deposit (Deposit amount is refundable).
- Successful bidder has to remit 25% of auction amount in 3 days.
You may download complete details on Auction Terms & Conditions from this link.
Advantages of buying a BDA Plot/site through auction:
- The bidding process is completely online (it is like stock market trading).
- The process is transparent. You can view the bid prices quoted by the other bidders on the screen.
- Most of the properties offered are corner plots.
- BDA layouts are comparatively well developed with good infrastructure.
- BDA Layouts have drinking water supply facility.
- You can easily fund the property deal through home loan.
- You are the first owner of the property.
- No issue of black money. The entire property deal amount should be paid through Demand Drafts (DDs) or money transfers.
- No Agent or mediator involved in the process. The entire decision making process is in your hands.
- Anyone in India (citizen of India) can invest in these properties.
- Different plot measurements are available ( from 400 square feet to 4000 sq ft and above).
- You may win the auction at less than the current prevailing market price (but this happens very rarely as BDA can cancel the bid, if its required).
- Auction notification has location and site map details. Hence it is easy to locate the property.
- In case, you wish to re-sell the property, you can do it immediately after the Registration of the vacant plot.
BDA e-Auction Procedure
Below is the step by step procedure to participate in BDA E Auctions;
- Visit this link ( BDA’s e-auction website)
- Click on User icon.
- Click on “New user : Register”
- Fill your personal and bank details
- Pay Auction Processing Fees & Earnest Money Deposit of Rs4 Lakh (per site) online.
- If you do not win the auction then Rs 4 Lakh will be refunded to your bank account.
- Upload your Auction documents online.
- Agree to auction terms & conditions and submit your interest of participation.
- There will be Delta time of 5 minutes on the final day. The auction can go on till the time there is no new bid quoted before the end of the delta time (as shown below).
- The successful bidder has to remit 25% of auction amount to BDA in 72 hours.
- Generally BDA will give you around 45 to 60 days to remit the remaining 75% amount.
BDA E Auction – The entire process & Important Stages
The entire process from bidding to Registration generally gets over in 2 to 4 months. The below process flow gives you clear idea about this;
BDA E-Auction – Should you participate? | My opinion
For the last 9 years, I have been keenly tracking the e-auctions conducted by the BDA. To my knowledge, most of the auctions have been successful with high levels of participation from property investors.
Some bidders have won at the base price itself and some have won at crazy prices. Personally, I have participated in the e-auction in 2012 and won the bid.
Considering the current economic scenario and prevailing pandemic (Covid-19), it is to be seen if same level of participation happens or not.
If you are keenly looking for a property (vacant plot) for self-occupation and planning to settle down in Bengaluru then you may surely consider participating in these auctions. But, do not over-leverage your self by taking high home loan amount (if any). Also, advisable not to cross your budget limit during the bidding process.
In case, you are looking for a commercial site or for investment purposes, do not expect fantastic / abnormal returns (capital appreciation / rental yields).
As you are buying the auction property through WHITE money, you may get a compliance notice regarding ‘high value transaction‘, from the Income Tax Department for the respective Assessment Year. So, make sure you keep all the information related to your payments / source of funds, for future reference.
Are you planning to buy a property in Bangalore? Do you want more information on e-auction process? Then, kindly leave your comments below and I will be more than happy to reply to your comments. Cheers!
Continue reading:
- Checklist of Important Property Documents in India | Legal Checklist for Property Purchase
- Khatha Registration & Khatha Transfer Procedure in Bangalore
- 5 ways of transferring your Real Estate Property!
- How to save Capital Gains Tax on Sale of Land / House Property?
(Post first published on : 20-June-2020)
Hello Sreekanth!
Really appreciate your genuine efforts helping people much better and beyond BDA help desk!
I have a question on the “Documents” section, Please help!
1. Contact details (upload in a Specified format) – What document to upload here?
2. Specimen Signature Format (Attested by the Gazetted officer or Notary or Embassy office – in case of – Like you said if DSC is not mandatory is it OK if i simply upload Photo identity format signed with Gazette?
3.Additional Documents:- What document to upload here?
Thank you dear Venkatesh for your appreciation!
1 – You can upload any ID that has your adress proof (ex- Aadhaar)
2 – Self attestation and attestation by Gazetted officer will serve the purpose.
3 – You may ignore, you are a Resident Indian with valid ID and Address proof 🙂
You are awesome! 🙂
Hi Sreekanth Reddy,
Every time the EMD payment through net banking is failing . I have my account at HDFC bank. Is there any time limit to pay this EMD amount as I tried after 6PM.
Dear Sunil,
You may try from a different bank account if you have.
Else, kindly check with your banker and/or BDA.
(I believe there is no cut-off time in a day I guess.)
Hi Sreekanth
I paid the auction fee and EMD amount i tried multiple times around 7PM and after many attempts transaction happened but got error message in page and amount is deduction. When checked in eproc it shows status as initiated and banking transaction number is blank. I have sent mail to helpdesk and payment gateway requesting the status.
can you please let me know what can be done here.
There was some issue at the Bank end . Now successfully paid but it is updated at the portal.
There is one option validate in that page…. After u validate page then select bank. Then it is gonna work
Hi Sreekanth Garu, thanks for all the replies and helping us its highly appreciated. I had few more queries.
1. If we win the bid, pay 25% through NEFT online. For the challan do we need to visit canara bank which is shared by BDA in the auction document. ?
2. In BDA conditions document the banker address given is Canara
Bank, BDA Complex Branch,Kumar park west,Bengaluru-560020. IFSC code given is CNRB0002828. But when i register this banker as payee for the IFSC code mentioned in document the canara bank address is different like “BDA Bangalore”. When i searched for the IFSC code for the address given in conditions document its different. Do you some idea on this?
3. There was no response from BDA helpline numbers. Just to cross verify myself can you share the BDA helpline number which you are aware. It would be helpfull
Dear Sat,
1 – Yes.
2 – Kindly check with BDA/banker.
3 – You may kindly call the contact numbers given in the Notification.
Hello Srikanth, After the unsuccessful bid, the EMD amount of 4L; Does the whole amount 4L will be remitted ???
Dear Prasad..Yes, the whole amount will be refunded directly to the bank account thats given while submitting your application.
Thanks Srikanth for your quick response.
I heard a small part will be deducted as part of Taxation, please confirm.
Dear Prasad,
I am not sure on this..are you referring to TDS?
Paid money via Netbanking transaction. Transaction was successful but eproc site is still showing payment initiated
It will take one day tomorrow morning you check it out at 11 am. You will get mail….
Same thing had happened to me too… But next day got mail
Hello Sreekanth Reddy….!!!
I am applying for two site and paid emd of 800000. If I bid for both site and I am highest bidder for both site…. Then in that case whether BDA ALLOT BOTH SITE TO ME OR ANY ONE OF THAT… pls reply at the earliest
Thanks in advance
Dear Deepak,
BDA can allocate both the sites to you!
Hi srikanth,
I am applying for SMV Layout……how much i can expect bidding percent (approximately) compare to market rate. Like 120% or 140% or 160 % or 180% or 200 %. Where exactly SMV layout fits….based on previous customer reviews at Relakhs.com
Dear Murthy ji,
No one can predict this.
It depends on the site exact location & size, surroundings, development (layout) status, bidding participation etc.,
Hi Srikanth… I am having one query. The final bidding happens at end of the Day or lost day of bidding at 6.0 pm on July 7th 2020. Explain the protocol in brief.
Dear Murthy ji,
It does not matter whether a bidder submits his/her bid till july 6th.
What matters is if anyone submits a bid by 6pm on 7th july or not.
For example : If a bid is received at 5.58pm on 7th july then there will be a delta time of 5 minutes, if another bidder submits a fresh bid by 6.03 Pm then 5 minutes gets added..the process can go on..
Can I increase by bid once after other bidder submits his which is more than my initial bid?
Dear Rex,
Yes, you may do so.
In case, no one else bids till 6pm on 7th july, then you will be the winner of the bid.
I sir i am facing some user name issues please suggest me the user examples and passwords please i m completely fed up
Hi Sreekanth garu,
Thanks for the answering questions. I had few more.
In case of successful bidding its mentioned that 25% of total amount has to be remitted to BDA account and challans of remittance should be submitted to finance dept.
1. As per my understanding we can transfer this money using NEFT. Is my understanding correct?
2. Out of this 25% cost can we initially as a test send little amount get it confirmed that it reached the respective account and then credit remaining. Is there any such option?
2. What does Challans of remittance mean? How can we get them?
3. Do we need to physically visit the office and submit them in 72 hours or if its one day late also is that fine?
4. Do we have any customer care number where we can talk get clarified whether our payment reached them or any such queries?
5. Regarding buffer time : The latest e auction its mentioned closing time is 6 pm does it mean if some one bids at 17:58 there will be buffer time of 5 mins to next bid?
Dear Sat,
1 – Yes. You can do NEFT from your bank to BDA banker, can get the confirmation from the BDA banker and submit these details in a challan form to the Finance Dept.
2 – I think you can make multiple payments. You may cross-check with the BDA.
3 – Advisable to stick to the said time-line.
4 – You can get the contact details when you visit the BDA office (to submit 25% related challan). You can get in touch with the BDA Finance Dept staff.
5 – Yes.
Hi All,
I am not getting the one-time pin generated to verify my mobile number.
Dear Rohith,
Are you still facing this issue? Did you contact the BDA helpdesk?
Do we have to/ can we do any survey of the plot?? If yes when we can do that? After paying 25% amount or after paying entire amount??
Dear Mukul,
Do you mean to say – personal visit to the shortlisted sites? Or getting surveyed by the official/authorized person?
I mean getting surveyed by the official person to see if the area mentioned on paper is same as actual.
Dear Mukul,
You may contact the concerned persons (layout wise) as given in the notification, they will guide you..
Hi! Will the auction happen for all the plots in an area simultaneously? I am planning to bid for 2 plots in the same area (BUDA – Belgaum)
Dear Rashmi,
If you are referring to auction conducted by BUDA then I am not sure..
Hi Sreekanth, Thanks for the information. Wanted to know few information.
1. If we pay 25% of total value, do they give us documents to avail loan ?
2. Is there any extra 10% since this is corner site ?
Dear Ram,
1 – Once 25% of the bid amount is paid, the BDA sends a formal document/letter (by post) to you, based on which you can approach your banker for applying home loan.
2 – The pricing is determined based on live bidding.
Hello Sreekanth, the 4lakh that we paid during the registration can be considered for 25% of the total bid amount?
Dear Yogesh,
Yes, they will adjust the EMD amount towards the payable bid amount!
Hi Sreekanth,
So for this June-July 2020, it’s the only auction process?? when are we having the BDA Allotment process for participation?
Dear Aruna,
Yes. We can expect more e-Auction notifications from the BDA in the near future!
Regarding Allotment of plots based on Seniority list and/or certain Reservations then BDA is yet to announce their plans. Last year, they had allotted some plots in Kempegowda Layout!
Hi Shreekanth,
Is the DSC mandatory?
Dear Ravi,
I dont think it is mandatory.
I had got just attestation done on my documents, uploaded them and participated in Bidding process.
Hello Sreekanth,
Firstly thank you for the highly informative article that I feel BDA can link to on their website as the instructions are much clearer here.
I have a question for you, the e auction website mentions, Class 3 Digital Signing Certificate in the page where you list tasks to be completed like Pay Auction Fees, Pay EMD etc. Can you explain a bit about how do you go about using the Class 3 DSC to digitally Sign the documents. Should we sign the documents first using the DSC and then upload ?
Dear chethan,
Thanks for the appreciation!
Yup, you can digitally sign the documents and then upload them. You can find more info on this on GOOGLE!
Thx Sreekanth, but is it necessary or mandatory to do it for e auctions with BDA? Or can I just upload docs as it is?
Even I would like to confirm whether it is mandatory to digitally sign the documents before uploading?
I checked with BDA officer today it’s not mandatory to digital sign docs but attesting is necessary. Good luck
Mr Srikant thank for replying every one’s queries in detail.
Am not computer savy,can u suggest some outlet/agency who can assist me for this purpose at a cost
Thanks
Regards
Dear Venkat sir,
I currently reside in AP and do not have any trusted contacts for the requested service.
Kindly note that BDA provides some mock biddding sessions once in a while, you may check with them on this!
If I pay EMD for 2 sites and if I win the bid for 1 site, while paying 25%, will I be allowed to deduct 2 sites EMD from the 25% or will I be allowed to deduct only 4 lakhs?
Dear N,
I dont think, BDA will adjust the payable amounts like that. They may refund the Rs 4 lakh for the other site.
Could any one help me with DSC Class 3 certificate process. From where we can get this?
Dear Kartheek,
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Examples of physical certificates are drivers’ licenses, passports or membership cards. Certificates serve as a proof of identity of an individual for a certain purpose; for example, a driver’s license identifies someone who can legally drive in a particular country. Likewise, a digital certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally.
Like physical documents are signed manually, electronic documents, for example e-forms are required to be signed digitally using a Digital Signature Certificate. Transactions that are done using Internet if signed using a Digital Signature certicate becomes legally valid.
A licensed Certifying Authority (CA) issues the digital signature. Certifying Authority (CA) means a person who has been granted a license to issue a digital signature certificate under Section 24 of the Indian IT-Act 2000.
DSC of Class 3 category issued by a licensed Certifying Authority (CA) needs to be obtained for efiling on the eTendering Portal. Class 3 DSC is the highest level where the person needs to present himself or herself in front of a Registration Authority (RA) and prove his/ her identity.
The cost of obtaining a digital signature certificate may vary as there are many entities issuing DSCs and their charges may differ. The approximate cost could vary between Rs 2000 to Rs 3000 depending on the number of years for which it is issued.
Hi Sreekanth garu,
Thanks for the answers. Once we upload all documents submit for interest for participation. Does this mean we had submitted bid for the plot for the base price ?
There may be many people who have done the same which we cannot see here. After showing interest to participation then next step it says go to live auction and bid. If we click on bid button it will increase bid by 500 Rs per sqmt. In this situation there would be many people who would have shown interest for the same plot like me which each others wont come to know. Ia m little confused about this stage can you explain more on this please.
Dear Sat,
Yes.
Once you go ‘Live’, you can view the list of bidders.
If anyone bids then you can view the bidder ‘Scree name’ with his/her bid amount.
If you are the sole bidder then you can get that property at basic bid amount, But, BDA can cancel such bids (if they would like to..I have seen this happening in the past).
Hi,
What are the extra charges like katha charges or others, if we selected as bidder for any plot?
Dear Kartheek,
Once you pay the 100% amount, you are invited for ‘Registration’ of plot at Sub-Registrar office located near BDA head-office.
You need to pay applicable Registration and Stamp duty fee to get it registered.
After that, you need to visit the concerned BBMP revenue office (that administers the particular layout) and get the Khata Registration done in your name.
Hi,
In the website they have mentioned about Class 3 DSC. Can you please give more details on this
– DSC should be for a Individual person and do we need both signature and encryption certificate?
Dear Sada,
Kindly refer to my reply to ‘Kartheek’s’ query (refer above comments).
Thanks for your detailed explanation.
Can you please confirm if only digital signature certificate is enough or with encryption is required?
Dear Sada..i am not sure on this, you may cross-check with the BDA staff..
ok, I will do that. Thanks.
I have some more doubts. In documents upload section there are following tabs which is not clear.
1. Contact details- Can you please let me know what document needs to be uploaded for this.
2. Specimen Signature – Do we need to upload Class 3 DSC for this?
3. Photo Identity – Please tell us what all documents can be uploaded for this.
4. Address Proof – Actually, I have recently shifted my house and I dont have any address proof that is mentioned for this new house. Can I submit the document with old address where we lived for more than 8 yrs.
Please clarify.
Dear Sada,
You may kindly go through the ‘ BDA auction manual’ document that is available on BDA portal.
Advisable to give ‘current address’ as it can be used for the communication.
Hi, we are trying from day one to access the web site no success till now.
Dear Ravi,
Did you try accessing it from a different browser/system..You may call BDA helpdesk.
Hi,
Thanks for the details. I wanted to know if My dad applies for the e-auction and wins the bid supposedly, but in order to avail property loan later (if required), I who is his daughter would need to avail the loan as my dad would not be eligible for higher loan limit, can my dad add me as co-owner later on?
Dear Chaya,
Your dad and you can approach the bank to get home loan. You can be an additional borrower (applicant) for home loan.
But, advisable to check with your preferred banker now itself, if they accept this arrangement.
Please note this :
The auction purchasers who desire to have the sites jointly registered should upload the details of the persons concerned on the e-portal.Only blood relations,viz.,spouse,sons or unmarried daughters are eligible for joint registration along with the auction purchaser.The relationship of such person should be clearly mentioned
Thank you Sreekanth, will check on this.
Hi Sir,
Q1. As the location map is not clear, any tips how this can still be seen under Google map?
Q2. Any tips on easily finding out the facing of the plot?
Dear Venkatesh,
1 – You can take help of a local trusted real-estate agent to locate the shortlisted properties. But, you can consult them only for locating the properties.
You can call the concerned BDA engineers..The contact numbers of the respective person are given in the Notification (for each layout).
2 – Carry a Compass 🙂
Thanks so much! Your efforts on these clarifications are much appreciated
Hi Sreekanth,
1. Is Gazatted officer sign mandatory on documents which you upload? We were not able to get sign on “photo and signature identification of auction ” form. All others we were able to get. Is this fine or very critical.
2. Once we go to bid page…can we come back anytime and upload the missing documents?
Dear Sat,
1 – Advisable to get the gazatted officer’s signature on the mentioned document as well. Generally they do it..
2 – Advisable to upload all the required documents and then proceed for bidding/payments.
Hi Sreekanth garu,
Thanks for the answers. Once we upload all documents submit for interest for participation. Does this mean we had submitted bid for the plot for the base price ?
There may be many people who have done the same which we cannot see here. After showing interest to participation then next step it says go to live auction and bid. If we click on bid button it will increase bid by 500 Rs per sqmt. In this situation there would be many people who would have shown interest for the same plot like me which each others wont come to know. Ia m little confused about this stage can you explain more on this please.
Hello sir,
Thank you for your detailed explanation.
My question is, should we apply one site at a time or can we apply for multiple site with 4lk EMD amount.
Is there any option to shortlist the site. There are chances that the selected site may go being my budget. What to do then?
For each site, separate auction fee and EMD fee. If you do not win the auction you should get back the amount within 30 days.
Hello Sir,
From the above screenshot, you have put it looks like we have to register ourselves towards one particular property, and can only bid for the property.
What if my budget crosses for that particular site/property I register against and I want to bid for another site which is still under my budget.
Is this possible or not..!?
You can pay auction fee and EMD amount again for the other site and bid
Thank you Nithin for replying to some of the queries, cheers!
Dear Rohith,
You can bid for multiple Sites by paying EMDs of Rs 4 lakh per site before the due date.
Do note that, in case you win a bid but do not pay the required 25% bid amount then you will not get back the EMD amount.
What if i had a initial bid and Now want to withdraw from it? What will happen To EMD amount? One scenario is If somebody bids after me then I Am good, what if nobody bids and I win.. please let me know the process.
Dear Tauseef,
If you are the sole bidder and you decide not to pay the 25% amount then you will not get back the EMD amount.
Hi Sreekanth Garu,
If we dont win bid in how many days we will get back the deposit amount
Usually takes about 30 days or so
Dear sreekanth reddy
After winning the auction , then we feel that site is not worth buying and want come out of bidding process .Then, can i get my EMD amount back.?
No, you will not get it back.
hi I am not able to open bidding site is there bidding postpone or something technical issue
Dear Raj,
I am able to access the e-Procurement portal.
Suggest you to try from a different web browser/system, can be a compatibility issue.
BDA Property
I want to participate in eauction.Need more clarity on online education process
Dear Sridhar,
May I know what info you need regarding e-auction process?
hi sreekanth are you able to visit website for e bidding
Hi Sir,
1st Question: As you mentioned in the 1st phase all the plots are corner plots. So usually priced at a premium. I am planning to build a house if I get an allotment. So will BDA announce non-corner plots in 2nd Phase?
2ns Question: Also without seeing the plots physically how can we participate in the auction and select the plots? Please guide me
Dear Vinayak,
1 – Most of the sites can be ‘corner’ ones. I am not sure about the 2nd phase.
2 – The exact location of plots (location maps) are available in the Notification. So, you can visit the location and personally check the shortlisted site(s).
Sir, is there any reservation and price reduction for Retired Defense persons in allocating sites .
Dear Hemant ji,
As this is an open bidding process, I believe that there is no reservation or price discount.
Will the real estate price will come down due to corona virus
Dear Robert,
Generally corner plots command ‘premium price’ during bidding. But, there are instances where I have noticed that bids end at base price itself.
So, it all depends on Plot location, demand and your budget.
I believe that if BDA auctions too many sites in one-go the ‘premium’ can come down.
If one wants to settled down in Bengaluru, if at all there is a slight price correction for BDA plots then it’s a good time to own one through e-auction.
Once the pandemic crisis settles down, who knows there can be higher participation in the future Auctions???