Since 2012, BDA (Bangalore Development Authority) has been aggressively offering the plots for sale through e-auction. These are residential sites in well developed localities of Bangalore. Bidding is a hassle-free way to own a property in Bangalore.
It is a naked truth that in most of the property deals in India there is always a difference between the Registered value and agreed/market value.
So, this is a great news for those who want to fund the property deal through a home loan. Especially salaried individuals who want to avoid any sort of black money in real estate transactions.
You may kindly go through my new article : Latest BDA Plots E-auction July – August 2020 | Details & Online Procedure
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
- Auction notification has location and site map details. Hence it is easy to locate the property
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.
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
Key points on E-auction process (how to create login id and participate in e-auction):
- 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 Fees & Earnest Money Deposit of Rs4 Lakh (per site) online or through DD.
- If you do not win the auction then Rs 4 Lakh will be refunded to your bank account
- 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
- 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).
From Bidding till Registration- The entire process – Important Stages:
The entire process from bidding to Registration will get over in 2 to 4 months. The below process flow gives you clear idea about this.
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).
Since 7 years BDA has been consistently issuing the e-auction notifications every quarter. I have participated in the e-auction in 2012. I have been keenly tracking all the auctions. Some bidders have won at the base price itself and some have won at crazy prices.
(The next step after property registration is “Khatha Registration”. Read my article on “How to get Khata Registration done?“)
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:
Hello Srikanth, Good morning
Have a quick question
in e-action website, I see the following message
All the bidders are requested to ensure that they are using Class 3 DSC (Digital Signature Certificate) with valid expiry end date. Bidders whose DSC is already expired or due for expiry should renew their DSC before participating in any Tender/Auction.
this means, we have upload all documents with digitally signed ?
regards
PAdmanabha
Dear Padmanabha Reddy,
No, digital signature is not mandatory..
Can we bid for multiple sites with a single registration EMD
Dear Rupesh,
If one pays Rs 4 lakh as EMD then can bid for that respective Site only.
Read latest article & comments on BDA auction @
BDA e-Auction 2020
HI,
For E-auctioning, one forms upload is “contact details” ; this one , thye are asking specified format.
May I know,where I can get the specified format
Dear Padmanabha Reddy,
You may upload your ‘contact address proof doc’ for this..
Thank you Sreekanh
Hi Sreekanth,
I am NRI and planning to particpate in the e-auction.
BDA told that we can pay the 4lakh EMD through net banking.
However, they don’t tell how to pay the 25% of the auction amount.
Can we use the netbanking to pay the amount?
But how to get the challen and submit it to the BDA Financial Departmet being outseide India?
Thanks and Regards
Girish
Dear Girish,
You can make any of your family member(s) as joint applicant and can get things done.
Can you open up another forum for owners who wants to sell or buy plots. This will help both buyers and sellers and have a direct contact.
Can we just watch the bidding, by paying processing fee only And without paying EMD amount ?
Dear Rakshita,
To access the bidding facility (Screen), one should have paid the EMD.
Hi Sreekanth, any idea when is the next possible auction,..
Dear Kasinadh,
I am expecting next auction within next 30 days..let’s see!
Hi my husband had uploaded all docs required after doing EMD payment the amount has been deducted from account but it is showing payment is pending in the profile and unable to go further and unable to participate for tomorrow’s bidding, tried calling e – procurement also no response, will the amount be refunded back and by any chance can we participate in tomorrow’s bidding. Please reply
Dear Chaitra,
Are you able to bid?
I am unable to get the Photo Identity and Signature form attested by any officer due to Covid 19 lockdowns and containment. Is this mandatory? Or can I upload without the signature for now? Please help me with this query.
Dear Sindhu,
As per the T&Cs of the BDA – “Signature and Photo identity should be uploaded in the e-auction portal (Attested by Gazetted officer / Notary / Embassy office in case of NRI)”
So, its mandatory. You may kindly try ‘online notary service’..
I have uploaded wrong documents while submitting interest of participation and I do not see any options to re-upload the documents. Can some one suggest what will happen if I win the bid? will this be rejected during document verification phase or we can still submit the corrected documents later part?
Dear Adavi,
Suggest you to kindly contact the BDA helpdesk or e-Proc helpdesk..
We, Property Lawyers, provide A-Z solutions for BDA e-auction sites. Contact:9986651871
Is it possible to view the successful bid amount on a closed bda plot ?
Dear Bharath,
The details used to be available (when I participated, a few years back).
Now, I am not very sure on this.
I believe, should be available and can also be accessed via the RTI..
Hi , can I avail loan for 75% after paying the 25% amount and we get 45 days to pay remaining,if yes, how is that possible?
Dear Girish,
Banks generally approve the loan for remaining 75% (if eligible), based on the BDA allotment confirmation letter, within 30 days..you may check with your banker as well..
Hi Sreekanth,
i am new to BDA e Auction, can you tell me what is the the difference between the process involved in corner plots and remaining plots, some where you have mentioned remaining plots are procured via lottery… does it mean it will be a transparent process? can we try that? how much will be the competition….currently i am checking for an advertisement in BDA official website, will it be showing the latest advertisements or shall i try something else?
Thanks in Advance!!
Dear Rohith,
BDA generally comes up with e-Auction for Corner plots in already well-developed BDA layouts. For ex : HSR Layout or JP Nagar etc.,
Whereas, when they develop new Layouts, they come up with Allotment notifications, this is not done through e-auction but allotment can happen based on seniority list/lottery system/reservation criteria etc.,
Yes, you can keep checking BDA official portal and/or Ads (notifications) in popular Newspapers for the latest info on BDA layout e-auction or allotments..
Hi Sreekanth, i partIcipated in a recent BDA e-auction for a site in HSR layout and couldn’t win the bid and it ended on 21st Jan. I am not getting the Rs 4 lakh till now, been trying to call finance section 22340060 and there is no one answering, how can i get this money back ! request your help BDA advt no 72622 BDA thanks Amar Reddy
Dear Amar.. You may get the refund within 30 days!
Dear Sreekanth,
I have a query, not sure if you are in a position to answer. Regardless let me explain the case.
We are in the process of purchasing a 720 sqft BDA plot in HBR layout. Adjacent to this plot, there is a small triangular land measuring 140 sqft. Since the road is diagonal, the 140 sqft land has emerged triangular in shape and qualifies to be called a corner site.
Now this was technically 1 corner site ( 720sqft rectangle +140 sqft triangle). According to the schedule, BDA has bifurcated the 2 and 720sqft rectangle plot is called # 24/A and the 140 sqft triangle plot is called 24.
Now we know that all corner sites are sold in auction, but the 1st allottee was given this plot by BDA without an auction.
Question
1) Is it legal for BDA to bifurcated the 2 plot and allot them without an auction? I was told by 1 advocate that some junior level officers indulge in corrupt practices and do such bifurcation.
2) Firstly, is the 720sqft rectangle plot qualified as a corner site? (Note – 140 sqft triangle plot is independent and technically qualifies to be a corner site since it has 2 roads adjacent to it.
3) Is there a risk of buying such a plot since there was a similar case brought to my advocate where despite the BDA themselves allotting a plot, questioned the buyer as to how he could buy a corner plot which was meant only for auction?
Dear Sam,
Is Smaller plot (sq ft 140) part of e-auction notification?
Even if it is part of e-auction has it been allotted to the 720 sq ft plot owner BDA?
The allotment rules are purely framed and decided by BDA and they have full rights to do so (as per allotment rules).
I am unable to access the e-auction website; can you please help us
Dear Deepak ..Can be due to temporary tech issue..are you able to access now? Did you try contacting their helpdesk??
Thanks a lot for sharing the complete details.
Do you have the details of last time bid details
Dear Mani..No, I do not have the required details..
How can I apply for BDA sites and when it comes
Hi Sreekanth,
Within how many days 4 lks gets refunded in case if we don’t win the bid. Pls advice.
Dear Kus..I think BDA may refund the amount in 2 to 4 weeks.
Hi,
I heard due to technical reason this moth E-Auction has been postponed. Please let us know if you have any other updates from BDA.
Dear Mr Shetty ..Thank you for sharing this update! Do you have any official source to this news?
In case, I find any update, will surely share it here!
Hi
how to apply for BDA sites ?
please let me know the details
Hi SreeKanth,
Would you please help me in understanding latest E-Auction Notification (Live Bidding suppose to start on 13:11:2019; 11:00 AM IST)
I am not seeing Auction in E-PROC Site.
Is there any technical glitch?
The Action is recalled?
Thanks
Dear Ragu,
Yes, the auction related entries are currently not available..Can be a tech glitch.
The auction notification is still available on BDA portal.
Suggest you to contact BDA e-auction helpdesk @ 0-23010900 / 23010901
Hi Sreekanth,
Great writeup. All my queries got answered here. Thanks for the info.
For the current e-auction(BDA e-Auction November 2019 – December 2019 ) , which was supposed to start on 13th Nov, I dont see any details on eproc.karnataka.gov.in website -> Auctions. Am I missing anything here?
I am not able to access the website. Were you able to?
Dear Shah,
Can be a temp tech issue.
You may kindly contact BDA.
BDA e-Procurement helpdesk contact nos : 080-23010900 / 23010901
Hi Sreekanth,
Thanks for your work here.
I have tried chrome, IE, firefox, still not able to open the e-procurement website. Recently an auction in September was interrupted due to server problem. Do you know if they have fixed the issue?
What is the process to access results of last couple of auctions?
thanks
Ramu
Dear Ramu,
I think one can login to e-Proc site, select Department as ‘BDA’ from the list, select Date range and select ‘auction status’ as ‘Finalized’.. you can get to see the bid details ‘site-wise’.
I used to access the previous bid details like this (a couple of years back).
I am able to access eproc site, check your web browser’s compatibility..
Yes, it works in IE now. The latest auction is not posted in e procurement website despite being published in BDA website. It does show history of previously finalized auctions but website fails to open the details of it. Overall a poor website and BDA experience. This makes me wonder should we stay away from this whole game?
Hi Sreekanth,
i am unable to find the sites for auction on the page. Could you please help
thanks,
Sishir
Dear Sishir,
You may kindly contact BDA.
BDA e-Procurement helpdesk contact nos : 080-23010900 / 23010901
hi Srikanth,
I am facing problem while accessing the e-procurement website.
Is the website down or changed?
Dear Jyothishree.. I am able to access it. Are you still facing the issue? Did you try accessing the site from a different System?
There can be some browser related compatibility issue..
Can reach helpdesk -> +91-8046010000 +91-8022631200 [email protected]
Dear Sreekanth,
Yes , I found out that it is a browser problem. It opens only in IE or Microsoft edge.
Thank and Regards,
Jyothishree
In BDA auction normally how much percentage will be increased. In around 700SFT land Base Price+25% or less than that? Please let me know if its crossing beyond that limit,
Dear Mr Shetty,
As such, there is no limit to Upper bid price limit in case of e-auction.
It depends on the location, supply and demand factors.
I have noticed that the bidding prices go up by 100% also for some bda plots ..
Hi Sreekanth,
Thanks for the quick response.
I am looking this in BSK6th Stage 5th Block, from this site we can able to see the dumping yard. So any idea what will be cost in BSK 6th Stage 5block ? Also from this site we can able to see the dumping yard so is there any possibilities to cross more than 100%?
Dear Mr Shetty,
I have recently relocated to AP and hence do not have the required price info.
You may contact any local Agent or can also do research by visiting some real estate portals..
to participate digital key is required or no
Pls tell about bda e auction
Dear Harsha..May I know your exact query plz?
HI,
In the FAQ document they , direct debit says only axis bank i-connect, can’t we do through any other bank’s account.
Dear Jyothi,
I think payment can be made through few other bank as well, you may kindly re-check with BDA.
Thank you Sreekanth, Also i need one more clarification. Bidding process is for the whole period or only on the last day. i.e if the period forparticipating in auction is from 2-07-2019 to 28-7-2019. then will the bidding process happen on only 28-7-2019 or the complete time period.
Dear jyothi,
One can bid anytime during the auction period, but lot of bidding activity primarily happens on the last day of the auction period only.
Thank you
Srikant sir,
If I submit EMD amount (currently somewhere 4lakhs) for bidding for more than one site.
Then while auction ends if I am successful/highest bidder for 2 or more sites then if I choose to purchase only one site, what happens to other sites EMD amount?
I would be bidding for 2 or more sites for the reason that there is no conclusion on auction completion of one site. I cannot predict until last 5mins Delta buffer on auction end date if someone might take up one of my highest bidded site.
I m confused
Dear Rajani,
In that case, you need to forgo your EMD amount of other sites.
Thanks that was helpful!
What are the payment methods supported for the payment of initial 25% [in 72hrs] and 75% [in 45 days]
?
and can we pay the 75% via SBI Site loan ?
Dear Rajani ..Yes, you can (if eligible for the loan)..
Hello Sreekanth,
My father Murali Krishna has been allotted a plot [30 feet x 40 feet ] @ Gnana Bharathi, Bangalore in the year 2000.
Exact Address : #590 1ST BLOCK Gnana Bharathi, 1, 2 & 3rd
Block, Valagerehalli (BDA) Bangalore -560056.
I Abhishek Shambu (S/O Murali krishna) am planning to construct a house in the same plot.
During the process I got to know that there is a small piece of land which is adjacent to our plot [# 590] & it is of dimension [6 feet x 40 feet =240 sq.feet].
We are willing to buy this piece of land from BDA, as this piece of land is too small for auctioning I would request you to sell this piece of land[240 Sq.feet] to us.
Also, I would request you to please let me know the procedure for this acquisition & the point of contact from BDA for assisting us.
Please do the needful at the earliest.
Thanks in Advance,
Abhishek Shambu
Dear Abhishek,
You can visit the BDA head office (Kumara park) and submit your request.
Dear Sreekanth,
May I know to whom I should submit this request ? Do you know the procedure for the same ?
If yes, please let me know.
Thanks,
Abhishek Shambu
Dear Abhishek,
I do not have the exact information.
But, you may try contacting the concerned (local) BDA engineer. You may get the contact details from local reputed real estate agents. You may also meet a finance member at BDA head office.
Thank you so much for the information Sreekanth!!
Hi Sreekanth,
Had a query,
1. Any idea after you pay the 75% amount of the site, when and how long does BDA take time to register the site in your name.
2. Second do they give the appointment date & time immediately after you pay the 75% or when do they share the dates.
3. Third ones you have paid the 75% do we have any other paper work or follow up need to be done on our side before the registration
-Anurag
Dear Anurag,
1 – The process can take 15 to 30 days.
2 – Yes, they give specific day/time for registration. After you pay the entire amount, you will be intimated by email/mail regarding the Registration date.
3 – Once you pay the 75%, submit the Challan to the Fin. dept of BDA. They will issue intimation regarding Reg date. On that date, they will guide you to take photocopies of (draft) Sale deed (these are available at (outside of) BDA office. You then have to submit these docs at Sub Registrar office (next to BDA office premises) and the concerned BDA authorized person will come and sign the sale deed.
Thanks alot Sreekanth. Shall get back if any further queries 😛
Hi ,
Is it possible add name for getting joint registration at the time of registration for a auction site
Dear Hemanth,
Have you applied for the auction in joint names?
Is registration fees extra for corner sites?
Dear Archana,
Most of the Auction sites are corner ones only and Deposit (EMD) amount remains the same..
Hi Sreekanth Reddy,
Please help with Upload of the Following Documents:
1.Contact details (upload in a Specified format)
2.Specimen Signature Format (Attested by the Gazetted officer or Notary or Embassy office – in case of NRI
3.Photo Identity (Attested by the Gazetted officer or Notary or Embassy office – in case of NRI)
4.Scan & Upload PAN CARD.
5.ADDRESS PROOF (Voters id or driving license or Passport or Unique no (Aadhaar).
As i am NRI i am stuck with these steps
1. If you can send me contact format
2. I do not know how to get this specimen signature format
3. Can i give my passport copy for this
4. should i give just a copy of PAN CARD or attested copy
5. Can i give my passport copy for this or should i give aadhaar card.
Thanks & Regards
Hemanth
Dear Hemanth,
Kindly visit e-Proc portal and click on ‘Download auction documents’ icon under ‘Actions’ column against any e-auction notification item.
You may also kindly contact the concerned BDA staff through contact numbers given in the Notification(s).
Hi Sreekanth.
If i am the successful bidder(Highest bidder) and later on i decided NOT to buy the plot then my 4 lakh will refunded?
Thanks
Dear Vijendra,
For any reason if you do not pay the 25% of auction amount in next few days then the Earnest Money Deposit will be forfeited.
BDA may allot the site to the second highest bidder.
Hi Sreekanth,
Depositing 4 lakh can i bid for only one site at a time or more than one.
Thanks
Vijendra
Dear vijendra,
One at a time. For bidding multiple sites, one has to make multiple deposits..
Recently won a bid for a site in BTM layout. But BDA sent a mail rejecting the offer without stating any reason. Then what is the point of auction?
Dear Rajesh,
Yes, I have received similar queries/comments from other successful bidders as well.
If possible, you all may form as a group and check if it is possible to file a PIL against the Civic body.
Kindly check my reply in Forum Q&A – ‘How to proceed with BDA e-auction injustice..’
According to your example above the last bidder quoted was Rs. 1,10,000/-. Here how will be the total site amount calculated, say it was 12 meters X 9 meters site(BDA sites are in meters)
Dear poornima,
If the rate is Rs 1.1 lakh per one square meter then for 108 Sq mtrs (12*9) the total bid price would be Rs 1,18,80,000.
Hello Sir,
Could please let me know where to find the specimen signature document format once you create a new login
Thanks & regards
Dear Sukumar,
Kindly visit e-Proc portal and click on ‘Download auction documents’ icon under ‘Actions’ column against any e-auction notification item.
Registration Steps -> https://eproc.karnataka.gov.in/eprocportal/pages/index.jsp?language=en
-> Contractors ->Obtain Digital Certificate -> complete the formalities with the help of any of the 5 contractors (3-5K expense)
-> Home Page -> Bidder registration
New User Registration Process is changed now, user needs to submit “Class III Digital Signature for e-Tendering”. Also the browser compatibility is challenging with JRE 8 (IE & Mozilla browsers). Can you verify and update your article?
Dear Prabhu,
Is this applicable for ‘user registration’ of e-auction sites as well? as the user here is not auctioning for any Contract work(s)??
Hello sir,
Can we pay EMD amount through DD if yes, how to update or whom should we submit the DD kindly guide me. Thank you in advance
Dear Prasad,
EMD has to paid as per the rules/modes available in e-Procurement portal.
Below is the generic information as per the eproc portal ;
Every bidder who intends to participate in e-auction, he has to pay EMD amount as detailed in schedule of items online through the e-procurement portal of Government of Karnataka using any of the following payment modes:-
1. Credit Card
2. Direct Debit
3. National Electronic Fund Transfer (NEFT),
4. Over the counter (OTC) (Only through designated branches of some authorized Banks)
Hi
How do we register in the portal, as it doesn’t show new user option.
Regards
Vivek
Dear Vivek,
You may kindly visit e-Procurement portal and click on User icon under ‘Actions’ column and then click on ‘New User’ for the registration..
Hi sir purchase bank auction property in and around Nagarabavi please refer us
Hi Sreekanth,
Correcting my previous questions :
I am currently staying in US, If I would like to participate in e-auction, I have read in BDA notification that we have to get our Address proof, Pan card and Signature and Photo Identity proof attested from Indian Embassy.
I have below question:
Q1: Do we need to upload India address or US address proof?
Q2: Signature and Identity proof form is only available in Kannada language and Indian embassy says they need form in English, how to get this form in English?
Q3: In Signature and Photo identity form, we have to mention about layout and site details, is it mandatory to enter these details in the form?
Please reply
Thanks,
Ashok
Dear Ashok,
I do not have the required information. Dont want to misguide you.
Suggest you to kindly contact the BDA office.
Thanks Srikanth, I will contact BDA
Hi Sreekanth,
I am currently staying in US, If I would like to participate in e-auction, I have read in BDA notification that we have to get our Address proof, Pan card and Signature and Photo Identity proof from Indian Embassy.
I have below question:
Q1: Do we need to upload India address or US address.
Q2: Signature and Identity proof form is only available in Kannada language and Indian embassy says they need form in English, how to get this form in English?
Q3: In Signature and Photo identity form, we have to mention about layout and site details, is it mandatory to enter these details in the form?
Please reply
Thanks,
Ashok
I have participated in BDA E auction once to purchase a site 600sft in Vasanthapura area. This was in year 2013 and the bid price went way higher than the market price during the same period. At the end i along with 2 other bidder were participating and when i stopped bidding . The auction ended immediately with the other bidder withdrawing too. Felt something was not right.
Hi,
I have uploaded the wrong specimen-signature document. The document has a wrong site / Auction number in it. The last date for submission of documents is also over.
Is there a provision to re-upload the correct document?
Will this result in rejection of the site if I am the highest bidder for the site.
Dear Raghu,
I am not sure about the re-uploading facility as I do not have the login access. Kindly check this by login to BDA e-procurement portal.
Also, the best thing to do now is to visit the BDA office in person and get this sorted out.
Hello raghu, Can you please share what happened with your situation of wrong document upload? I’m also in the same situation. I tried calling the eproc customer helpdesk number and they dont exist. any help/tips would be much appreciated. I too uploaded wrong documents and dont see option to re-upload the documents.
Dear Sreekanth,
Thanks for your blog.I would like to know the procedure for NRIs to purchase BDA auction property.How does an NRI can register the property in case if he wins the bid.is it possible that any GPA holder can register on his behalf ?
Regards
msg
Dear MSG,
I believe that registration can be done through Power of Attorney.
Suggest you to kindly consult a lawyer who takes care of NRI matters..
Thank you..
Hello Sir,
How do we come to know that there is an BDA auction is planned and going on, So that we can participate.
how do the BDA communicate to the citizens?
Thanks
Dear Shilpa,
BDA publishes e-Auction notification in leading Newspapers. You may also keep visiting their web-site on a periodic basis.
Hi ,
After successful bidding and after paying 25% which includes EMD , will I be able to apply for loan in bank to pay BDA the rest of the 75% amount?
Regards,
Dear Lohith .. Yes, provided you have income eligibility. Generally it is an easy task to get home loan for BDA allotted or auction properties.
Kindly read : A Complete Guide to ‘How Banks Assess Your Credit Health’ | How Lenders decide whether to give you Credit?
I would like to share my experience with regard to the EMD refund. It has been 10 days since the auction was closed and I am yet to receive the refund. Worst still is the responses given by E-proc and BDA. Neither of them are least interested in refunding the money.
When the money is collected online what is the pain in refunding it immediately after the auction. 4 lakhs is not a petty sum. Anyways 4040(GST)+504.5 is a goner. Atleast they should have the decency to refund the EMD immediately.
I will never take part in another BDA e-auction.
Dear Yatish,
Sad to know this!
Probably, the BDA staff may be too busy with Elections duty!
Yatish,
Did you received your refund amount?
Hi,
I have 30×40 site which is next to corner site which I think close to 20×30. Will I get any special treatment when they auction the corner site? if not, if I want to buy it what I can do to avoid going that into some else hand.
Dear Parangi,
Generally BDA goes for e-Auction of Corner sites. If it so, I believe that there wont be any special treatment / preference will be given to adjacent site owners. You may have to participate in the auction and win the bid..
If we purchase the bda corner site then can we convert the adjacent site from residential to Commercial. If yes whats the process?
Dear Kavitha ..Kindly note that all corner sites are not meant for commercial use, unless specifically mentioned during Auction sale. In case, corner site is a commercial one, one can apply for Khata amalgamation for two sites and can use for commercial purposes after getting due approval from BBMP/BDA.
I have a question about the EMD.
Let us say i win the bid for 1 crore. I need to pay 25% of that within 72 hours. So do i pay 25 Lakhs or do I pay 21 lakhs by subtracting the EMD amount ? if not , how much exactly would I have to pay and how the EMD is adjusted
Dear Chaithra,
EMD will be adjusted in 25% limit.
The remaining amount is generally payable in 45 to 60 days.
Hello Sreekanth, This is Ravi here and need your guidance.
Is it possible to get you cell phone no to speak for couple of minutes.
Thanks much.
Dear Ravish,
You may kindly your query here or in Forum section.
I have a 30 x 20 Site with built house in BDA in JP Nagar 8th phase. My next corner site is not allotted to anyone and will be auctioned. Not sure when?
I was told that the I would be given preference in auctioning since I have the neighbour site
Is it true?
Thank you in advance
Dear Revathi..If it is e-auction then there wont be any preferential treatment I guess..
Thanks, appreciate the reply!
Does that mean that manual auction is also possible?
Thanks in advance!
It can be possible, depends on how BDA wants to sell the plots (corner ones).
Thank you!
Hi Sreekanth, Thanks for the excellent Info.
Is there any criteria like income for applying to LIG or MIG or HIG category of sites?
Or anyone can apply?
Dear Kumar..For e-auction , there is no income wise categorization.
I have recently(23-01-2017) participated in the KHB bidding and there was no bidders i too didn;t bid but till date i have not recived my refund.
Hello Srikanth,
I did the research for years to know more about BDA auction. Your blog provided excellent information. Do you have any idea about when is the next E-auction scheduled by BDA?
Dear Sudheer,
Currently applications for next e-auction are being accepted, last date to submit an application is 26-dec-2016. Date of e-auction is 27th dec 2016. Kindly visit BDA website for more details.
Possess a BDA (CITB) corner site in Jayanagar (2800 Sft) taken in auction in 1973.
I was then given to understand that commercial activity which does not hinder others was allowed.
Is this understanding valid now for auction sites? Please clarify.
Dear Mitter Ji,
Should hold good.
Advisable to cross-check with any govt approved Architect/surveyor/BDA town planning officer.
Hi Sir, I had participate in E-auction held on 3rd Nov 2016. I couldn’t win the biding. But till date I didn’t receive my EMD amount back. Could u please help and advise. Wts the process for refunding and how long it would take etc…
Dear Tharikka,
Generally BDA makes online transfer to the account that you have provided in the application form. You may wait for few more days and then contact the BDA.
Hi Sreekanth,
As per BDA’s website, Eligibility to own a BDA site includes “Domicile of Karnataka for 15 years prior to date of registration” , but i can see in this article you have mentioned “Anyone in India (citizen of India) can invest in these properties”. I am a bit confused here, can you pls help me clarify my doubt bcz i want to purchase land in bangalore, but i don’t fullfill domicile condition. However, i am residing in bangalore since 5yrs.
Thanks.
Dear Raj,
The said clause is applicable for BDA allotments and not for E-auctions.
Hi
In a BDA bid if there is just one person should we bid at all or will the BDA give the site at the base price. Can you please clarify.
Thanks
Deepa
Dear Deepa,
Advisable to bid for Min bid price + one multiple raise in Bid price.
Kindly note that a bidder (besides you) can place the bid even at the last second also.
However, i have noticed that bids are won at minimum base price also.
Hi Sreekanth,
Thanks for the information. Won’t we know if we are the sole bidder or not on the cut off date for partcipation in the bid, ie one day before the bid so we can put the multiple raise. Or is it possible that there are interested bidders who will be silent and just bid and be visible in the last minute
Dear Deepa,
You get to see other bidders on the screen, only if they place bids.
Yes, it is possible that one can place a bid at the last second too. In that case, delta time comes into picture and other bidders get a chance to quote higher bid price (if any).
(This is based on my live e-auction experience which was around 3 years back)
Hi Sreekanth,
Thanks I understand the risk now. When the auction closes does BDA announce the successful bidder.
Dear Deepa,
Its displayed LIVE on the screen itself and the successful bidder gets the intimation (about successful bid + payments terms) via POST.
Dear all
If you need any help of property loan you can contact 9980007772 or 08042024480
Hi Sreekanth,
Your blog is very informative. Thanks so much.
My question is, i am citizen of India and wish to take part in BDA e-auction.
Let us say my Driving license, Passport, Aadhar, Voter’s ID contains my permanent address of native(out of bangalore) and while creating login on BDA website i enter in my rental Bangalore address, will there be any problem?
Is it mandatory to have current rental home address to be endorsed on one of the documents and then be uploaded? Your suggestion is welcome.
Regards,
Sondya
Dear Sondya ..I am not sure about this, kindly contact the BDA help line numbers provided in the notification Ad.
Kindly note that ‘address’ details are very important in auction process, as you will receive ‘intimation letter’ by post (if you win the auction).
Very kind of you. Thanks so much. I will check as per your suggestion.
Warm Regards.
Hi
Can you tell me when will the next BDA plot sale will happen?
A website information will be helpfull.
-Didan
Dear Didan..I generally try to update the details of latest notification as and when the BDA releases the e-auction notification. About next auction, when is it? i do not have answer.
Hi.. since a very long time.. I dont see any site being put for sale.. has the eAuctions closed? or is it still running?. The eAuctions PDF or sale offering I saw was around March 2015.
Dear Hariharan,
The recent auction happened during 2nd week of July. I have updated the above article too with the latest BDA e-auction notification.
Dear Sreekanth,
Last 10 years i am staying in bangalore, and i have proof of SBI Bank pass book (opened on 2006).
am i eligible for apply BDA e-Auction.
can you please clarify.
Thanks
Sivakumar S
Dear Sivakumar..I believe that any Indian Citizen even NRIs are eligible for bidding in e-Auction.
Thanks Sreekanth…
Hi Sreekanth,
I am residing in bangalore from the last 18 years.
Am i eligible for BDA allotment or e-Auction.
I could read the eligibility criteria as 5 years.
Also it says that if we have a house, we are not eligible for this.
i do not have any and I stay in rent house , but want to know more on this,request to do needful.
Regards,
Padmapriya.
Dear Padmapriya,
Yes you can apply for BDA site allotment or for BDA e-auctions.
You can own house but that one should not have been allotted by govt bodies.
Hi,
I am residing in Bangalore from the last 7 years.
Am i eligible for BDA allotment or e-Auction.
I could read the eligibility criteria as 15 years.
Also it says that if we have a house, we are not eligible for this.
i do not have any, but want to know more on this.
Regards,
Krishna.
Dear Krishna..You can participate in BDA e-auctions..
Thank you Sreekanth.
How about eligibility for BDA allotment.
Am i eligible for this. I mean is there an eligibility and may be least priority over others.
Or am i not eligible to apply itself.
Dear krishna..Should have lived in Karnataka for a Min period of 15 years or more..
Hi Sreekanth,
Thank you for the information.
Really appreciate your help.
Regards,
Krishna.
Hi,
In BDA website there s a new option in home page and it says APPROVED DEVELOPMENT PLAN, when we click for the link a new PDF opens, names in PDF are they making layouts or what s that regarding about.
Dear Rohan..even I am not sure about this..will get back to you if I find more info..
Srikanth, Do u know when is the next BDA eauction planned
Dear mahesh..I am not sure and no idea. BDA aggressively conducted e-auctions from 2012 to 2015. So, I doubt if they will come up with any further e-auctions.
But we may see allotment notification for Phase-2 of Kempegowda layout in the near future.
Hi Sreekanth,
Are there any websites where we can register ourself to know when there s any auction or layouts that will be conducted by BDA, ie Kempegowda layout or e auction , BDA flats.
I mean, any website where we get e email, stating the different activities by bda
Regards
Rohan
[email protected]
Dear Rohan..No such facility available. But you can subscribe to our FB page, as we generally keep posting new updates related to real estate topics too. (or) you can check this article too once in a while.
Hi Sreekanth,
I was born in India and was an Indian citizen but 5 years ago I became a Canadian citizen and now I have OCI (Overseas Citizen of India) status. Am I eligible to bid in the auction?
Thanks in advance.
Raghav
Dear Raghav..I believe that you are eligible to participate in the auction. But do try to re-check this with BDA also.
Hi Sreekanth,
Recently(4th Jan 2016) I happen to be top bidder, I want to know exact procedure to pay 25% amount to BDA and available or best/safe option. Few qns like Can I pay through RTGS from any SBI bank branch from Bangalore? do they except cheque ?
Please reply it would be of great help!
Thanks,
Kiran
Dear Kiran,
You can pay through RTGS ( I had paid through rtgs only) from any bank to BDA bank account. After that you may have to visit BDA bank branch and get the challan with the details of your RTGS transfer (stating that they have received the monies).
You have to submit this challan at Finance/Accounts section of BDA head office. After that you will receive detailed procedure via registered post about the next steps & time-line.
I believe that they do not accept payments through cheque mode.
Thanks Sreekanth!
Hi Sreekanth,
for the new BDA sites allotment announced by BDA for Kempegouda BDA Layout and invited applications. I am new to bangalore/Karnataka and completed 6 years only in Karnataka (bangalore). Can I apply for this BDA sites ? Can you please suggest. Because I heard to apply for BDA sites, we should have 15 years domicile of Karnataka.
Dear Venkat..replied to your email, kindly check.
Pls let me know the rate at OMBR layout ?
What is the income limit for OBC cat-1 to get BDA site ?
Pls let me know the rate at OMBR layout ?
Hi Sreekanth,
BDA e-Auctions advertisement, looks for attested KYC documents.
Is it necessary to have these documents attested, at the time of uploading while creating the account.
OR we can submit the attested copies later, once we are a successful bidder.
Thanks
Puneet
Hi Srikanth,
I would like to know some more details on this,
1. Is it profitable??
2. What would be the max amount that has paid for a plot as of now?
Thanks
Jeemol
Dear Jeemol…Depends on location, bid price, prevailing market rates and your investment horizon.
Also how does the online Katha registration works? And how much time it takes to get Katha?
Thanks
Bala
Dear Balu,
As per my experience, online katha application may be processed in 30 days and offline in 15 days.
Hi Sreekanth,
Thanks for Very detailed and useful information. I have two questions.
1. If I don’t win the bid, how much time BDA takes to deposit my EMD amount to my account ?
2. Do you think e-auction is completely transparent? Hope there is no corruption / wrong doing in this e-auctioning also?
Dear Vikrama,
1 – You will get the entire EMD amount.
2 – The online process is transparent. There can be some challenges after wining the bid and when have to face the staff. (hope you are able to get my point ). But my experience with online auction process and with BDA staff has been very good. No issues at all. I have not paid any bribe too.
Hi Sreekanth,
I would like to participate in future BDA auctioning. Please let me know if you come to know about BDA biddings in future. Since we will be the first owners no need to have any documents check/lawyers opinion etc? How smooth is the process for NRI’s?
Thanks,
Sanjay
Dear Sanjay,
I generally try to upload and publish the latest notification in the article, so you may track the update on my blog.
(or) You may visit www. bdabangalore .org to know about latest eauction details.
Thanks Sreekanth. Sure, I shall follow this blog regularly. But can you answer my other questions like document verification and hassles for NRI’s like document submission or exchanges etc. However my parents are in Karnataka and can be helpful.
Dear Sanjay,
Till last month, we all thought BDA site or BDA’s auction site is as good as GOLD. But, its been found that BDA has encroached few lakes & Lake beds, and developed layout,and eventually allotted plots.
You may Google about this topic. So, anything and everything can happen in India.
Nevertheless, investing in a BDA site is still the best and safest way. I personally participated in e-auction in 2012 and won the bid. I also heard that the whole process is smooth for NRIs too.
Yes, your parents have to visit the selected layout / location, find out about the past history of the place etc.,
Thanks for the info. Tc
Hi Sreekanth, I came across your Id from relakhs.com. Thanks to clarify my below query.
I need a clarification. To have more chances lets say, one decides to register and pay EMD for more than one BDA auction site, however person’s intent is to get only one site.
for example. Lets say one registers and pays EMD( show interest of participation) for sites 1, 2,3. ( priority order as well)
This person lucky enough he is the highest bidder for site 1 itself. And this person DID NOT put any bid during the process for sites 2 & 3.
Consider the case for site 2 & 3, there was no other participant( no one showed interest of participation as well). Will eproc/BDA consider this person as the highest bidder for sites 2 & 3 as well, just because he is the only one showed interest for participation for sites 2 & 3.
Could you clarify this?
Dear Anith,
You have to pay the bidding price for site 1 and the minimum bid prices for sites 2 and 3.
Also, you may not get back your Deposit amounts (Rs 4 Lakhs for 2 & 3 sites). BDA may also take legal action (if required).
Thanks for the clarification.
Legal action for what? not clear …. not bidding for site 2 & 3.?
In a scenario where more than one person showed interest for a site and none increased the bid. In this case what happens? Will all lose EMD? cant be isnt it..,
Dear Anith,
I believe there is a small misunderstanding here..
Bidding does not mean that you have to enter new price. If there are no other bidders, site will be allotted to the sole bidder at the base price only.
In a scenario where no one quotes the bid price, I believe the decision to award the wining bid is left to BDA. The unsuccessful bidders will receive the refunds (EMD amounts).
Hello Anitha, We would like to know what happened to your case for 2 & 3 site which you were part of bidding. Did you get back the EMD amount?
Thanks in advance.
Lingaraju
Hello Sreekanth,
I need one more information about the BDA Sites. I had recently been to visit the BDA Site and the site which i visited has some SWD area. The site is facing East and towards the West facing it has some SWD area. What is this SWD used for? Is this for only Rain Water? Or it can be used for sewage water later on? Please Comment.
Thanks,
Padmashri
Dear Pradmashri,
If I am in your place, I will avoid buying that site.
Hello Sreekanth.
May i know the drawbacks of that Site.
Thanks,
Padmashri
Hello Sreekanth,
We are not able to take any decision as we don’t have any idea on SWD. How bid can SWD area be? The SWD area behind the site which is left is very small may be around 3 to 4 feet in width.
Thanks,
Padmashri
Dear Padmashri,
One of my friend had bought BDA site with front side of the site facing SWD (storm water drain). SWD is a 5 feet wide one. He spend around Rs 5 lakhs to cover it with concrete slab. The plot is vacant. Last year due to heavy rains, there was some problem with that SWD line. BWSSB guys had opened the drain and now it is still left as an open SWD. This is real life experience.
Hi,
Thanks for the information, In our case SWD is behind our site and currently it’s of 4feet wide and there is a gap of 5 feet between our site and the SWD and its in open condition.
Our concern was will this SWD size will be increase in future or it will be of same size?
I even hared from local people who stay near by site that a plan to close this SWD with concrete slab is sanctioned but work is not done yet.
Dear Padmashri,
Whether BDA will increase the width of SWD or not, we can not assume anything on that. You and me know very well as to how most of the govt institutions function. You yourself have given an example on this (in your comment).
Hello Sreekanth,
Can i get this information from somewhere or from some docs? Will this be mentioned in the BDA Layout Plan?
Thanks,
Padmashri
Dear Padmashri,
You can get layout master plan either from a local resident BDA engineer or from any popular (experienced) real estate firm in your locality.
Hello Sreekanth,
I need one more information about the BDA Sites. I had recently been to visit the BDA Site and the site which i visited has some SWD area. The site is facing East and towards the West facing it has some SWD area. What is this SWD used for? Is this for only Rain Water? Or it can be used for sewage water later on? Please Comment.
Hi Sreekanth,
Excellent information and nicely shared.
I am the highest bidder for one of the corner site. And going for the bank loan, just want to check how different is the loan process for BDA e-auction.
With the confirmation of bid what other documents (NOC, layout plan, so on) will i get? Or how to get these documents from BDA?
Best Regards
BK
Dear Balu,
Congrats!
Thank you for the appreciation.
Within 72 hours you need to pay 25% of the bid amount. After that you will receive ‘Bid confirmation’ letter (mostly within 7 days). Along with it, BDA will issue ‘NO objection letter’. You can use these two documents to get home loan from any Bank. If you are eligible (income-wise), your home loan may be sanctioned ASAP (i think within 7 to 10 days).
You Bank will pay the remaining 75% (assuming this is your home loan amt). You will get ‘appointment date slip’ to REGISTER your property. On the registration day you get ‘possession certificate’ and Registered Sale Deed, which you can submit it to your banker. (Location map document is generally sent by the local BDA engineer to the head office).
After this process, your banker may ask for Khata Registration for the property.
Thanks Sreekanth for the information.
You mean Location map document is the layout plan? And how will i get this document?
Regards
Bala
Dear Balu,
Generally location map or site map (with layout plan)is submitted by the respective BDA Area Engineer to BDA Head office. You don’t need to do it. In my case, when i contacted HSR Layout BDA officer, he said that the location maps for all the auction sites will be sent to Head office.
Do all the Banks In India Offer the Home Loan for BDA Corner Commercial Site?
Dear Ratheesh ..I believe that they provide home loan. But one can get it or not, depends on his/her income levels and other factors.
Hi, Sreekanth,
BDA called for e auction again. I just wanted to know if I bid for multiple site by paying 4L DD separately. Bid one site for the highest, can I transfer the other EMD amount to the one I had won. This will help in choosing the lowest priced site to buy. Or having a choice to choose.
Dear Suresh,
I do not think any such ‘transferring’ facility is available. Anyways, you would be getting the refund of Earnest Money Deposits right? That amount you may use to buy the site (if you win the auction for one site).
What if you win the bids for multiple sites? Are you aware of the challenges or consequences?
All the best for your online auction (assuming you are going to participate..:)
Hi Sreekanth,
I have read your comments in this blog. All are very informative and helpful to common man. Thanks to you!!!.
I looking to participate in next e-auction in BDA. It is good if you share the details about how to register or how to get Notary / Gazetted officers signature.
Also I read in some articles, Digital Signature is must to participate in e auctions.
Please sharey.
Regards
Manjunath
Dear Manjunath,
Thank you for your appreciation.
I have clearly mentioned in the post about the e-auction registration procedure.
For latest notification you may keep checking BDA’s website – http://www.bdabangalore.org/.
Click on “View e-Auction details (NEW)” for the latest e-auction notification. Your specimen signature along with a photo should be attested by a Public Notary. It is not a complicated procedure. I believe digital signature is not mandatory. I had participated in BDA online auction in 2012. There was no concept of digital signature then. Even the lates BDA’s eauction notification does not mention anything about digital signature.
Hi,
I am looking for a BDA Site and near the site which i am interested there is some CA land left free from BDA.
What is this CA Land? For what purpose this can be used by BDA?
Thanks,
Padmashri
Hi,
I am looking for BDA Site and the site which i am interested is near some CA Land.
What does CA land means? For what purpose this CA Land can be used by BDA?
Thanks,
Padmashri
Dear Padmashri,
Happy new year. Nice to see you back.
CA stands for Civic Amenity. BDA can allot CA sites (Civic Amenity sites) to educational institutions or government offices or trusts etc., They generally invite applications from appropriate institutions (sometimes private individuals) to use CA sites.
If the site which you are looking for is a BDA allotted site then no issues with that particular site. But about the adjacent CA site, we can not be sure of its allotment.
Hello,
Thank You, Wish you the same.
Yes the Site which i am interested is around half km from CA Land.
My concern was that whether that CA land be made as graveyard later:)??
Thanks,
Padmashri
Dear Padmashri,
How can you be so sure about the usage of CA land for a specific purpose? You can approach a good lawyer and if possible get some information about that CA land.
Hi,
I came to know about CA land usage from some brokers, and I am not sure of its usage by BDA. I wanted to confirm is this a just rumor or is it possible that BDA can allot that CA land for Graveyard. Please let us know how can I confirm this information.
Dear Padmashri,
I can not comment on the future usage of a CA land. Request you to approach a good local resident lawyer. Cheers!
Hi,
Is it safe to buy a site at BDA’s eAuction? Is it ligal?
Padmashri – I assume you are talking about the legality of the title documents? A plot purchased through a BDA auction is considered to be the safest way of owning a plot. Kindly consider corner plots only. It is legal.
Hi,
Is it safe to buy a site at BDA’s eAuction? Is it ligal?
Hi,
The question of buying site at auction came into my mind bcoz few days back i had read an article in thehindu:
Whats the risk if i buy dont buy a corner site in the auction and construct the house.
http://www.thehindu.com/news/cities/bangalore
/beware-of-buying-bda-plots-in-an-auction/article5012957.ece
Padmashri – As per The BDA (Disposal of Corner Sites and Commercial Sites) Rules, BDA can auction only the corner plots. And intermediate plots they can only allot. So, buying a corner plot through e-auction is legal. I personally purchased one corner plot through e-acution.
Hello Sreekanth,
Thanks for the reply.
Since i am presently searching for a BDA Site and when i enquired the owner says that the site was bought in an BDA auction and his the site is intermediate site.
Padmashri – If you are not in urgency then suggest you to participate in the next auction. You can be the first owner of the property. In the last one year, bda has conducted the e-auctions atleast once in every quarter.
Hello Sreekanth,
Ya sure i will try that:)
But is that sire a ligal one or he is lying?
And also when can we expect the next BDA auction?
How will i come to know?
What are the things i need to keep ready for the auction?
Padmashri – There are many buyers who bought intermediate sites through auction. Many are ignorant about the rules. The Karnataka high court has mentioned that BDA can not auction the intermediate sites but can only allot. You can keep a track of it by visiting http://www.bdabangalore.org/. (Click on “View e-Auction Details” option). Also, BDA issues notification Advertisement in all the leading newspapers.
Hello Sreekanth,
Just know i checked the path which you have mentioned and i think this site is not updated for a years:)
Still the site shows about 2012 auction.
Another opinion which i want to know is whether i should proceed with that site or no?
Padmashri – I think you would have clicked on “e-auctions” link. Visit the “view e-auction details new” link for the latest notification details. Regarding your shortlisted site, it is advisable to consult good lawyer before taking the final call. All the very best!
Hi Sreekanth,
Great work buddy. Indeed you have put all the relevant information about BDA e-Auction process.
I have one question: What happens to the EMD money once the complete amount is given to the BDA? Will BDA return the EMD money after getting the full amount for the auctioned site?
Regards,
Rajan
Rajan – EMD amount is deducted from the total auction amount to be paid. If you do not win the bid then it is refunded to your bank account.
Thanks Sreekanth.
Another query : Can a single person bid for multiple sites? If so, should the EMD for each site be deposited before bidding?
-Rajan
Rajan – Yes, you can bid for multiple sites. You have to pay EMD amount for each site.
Hi.. thanks for the details.. i also wanted to share my experience when i was trying to bid for August 5th auction.. i was intrested in a plot in Nagarbhavi & personally inspected the plot .. spoke with few real estate agents about the running price their.. so i decided i will bid for this particular plot… hence i got myself registered for one of plots in Nagarbhavi by paying Rs.500 and got notary signature on required documents… on sunday(3rd aug) afternoon, when i was went to eproc portal to upload the documents, alas i dont see that particular plot from auction page i.e. that plot has been removed .. likewise i cross refer & find that out of 73 plots for auction, only 65 plots were visible in eproc portal and open for bidding.. as i did not have enough time to inspect other plots.. i did not participate in the auction process.. i also mailed to ‘registrar’ & ‘[email protected]’ to know about the reason for sudden removal of auction plots – 1 day before the closing time but have not yet received any communication ..
Raghav – Thank you for sharing your experience. Sad that you could not participate in the auction. Try sending your email to [email protected].
Sreekanth , any idea about the next bda auction dates?
Hi Nitin. Last auction was completed on 5th-August. Normally BDA will take atleast 1 month to complete all the formalities of an auction (like evaluating,finalizing the bids etc.,). Expect next auction after a month. BDA publishes auction notification in all the leading newspapers. Or you can keep a track of it by visiting http://www.bdabangalore.org/. (Click on “View e-Auction Details” option).
If I win the auction and do not pay the required 25% amount in 3 days then what will happen?
Sravya – For any reason if you do not pay the 25% of auction amount in 3 days then the Earnest Money Deposit of Rs 4 Lakh will be forfeited. BDA may allot the site to the second highest bidder.
Superbly portrayed. Always been dreaming of owning a plot in HSR will get in touch with you in the later part of the year. Thanks for the article and keep the good work going.
Amith – Hope your dream will come true soon. (You may opt to reply to your earlier comments only, all your comments will be shown under one thread).
Thank you!
Hi Sreekant,
Awesome work dude ..after seeing this I feel its quite easy for a comman man also to bid these auction sites. Some of them in KSL area are very near to my home.
Problem with this is as Anil highglighted full white amount. Anyways will get in touch with you in the later part of the year to discuss as I have always been eyeing to own a plot at HSR.
Thanks,
AG
Amith-Thank you for the comment. You can contact me anytime.
Sreekanth, if the entire auction amount is to be in white then the stamp duty and registration charges will be high ?
Anil- Yes, the stamp duty and registration fees are to be paid on the entire auction amount. As of now it is around 6%.
Wow! What an article and useful information. This kind of information on a real estate topic is rare to find. I will contact you regarding the locations. Give me your email id plz.
Thank you Sujan for the comment. You can reach me at [email protected]
Thank you Sreekanth