Bengaluru

BDA to e-auction 300 more corner sites in next week

A view of BDA’s Banashankari 6th stage, one of the many layouts that are up for e-auctioning, in Bengaluru on July 11, 2020.

A view of BDA’s Banashankari 6th stage, one of the many layouts that are up for e-auctioning, in Bengaluru on July 11, 2020.   | Photo Credit: K. Murali Kumar

After receiving a good response on the online auction of sites that concluded on Friday, the Bangalore Development Authority (BDA) has announced that in the next week, 300 more corner sites will be e-auctioned.

Of the 195 sites that were put up for auction, the BDA was able to sell 166 sites. The cash-strapped authority was able to earn revenue of ₹210.82 crore. In a press release, it stated that successful bidders have three days to deposit 25% of the total value of the site they have purchased, which cumulatively comes to ₹52 crore.

No bids were received for 10 sites, and the sale of 19 sites has been put on hold as the plots did not receive the minimum value quoted by the authority. Around 2,500 people participated in the bidding process.

Robust sales recorded

Contrary to expectations, the auctioning of corner sites received an excellent response, said officials. Earlier, we would sell an average of around 50 sites a month and the target achieved was around only 40%, but this time, sales have touched 85%. “This time, the middle class and NRIs participated in large numbers,” said the BDA.

The BDA had issued the notification for e-auctioning of sites from June 20 to July 7. However, after the procurement portal developed technical glitches in the last hour on July 7, bidding was extended twice — first till July 8 and then again till July 10. “We have held a meeting with officials from the Centre for e-Governance on fixing technical problems. The next phase of e-auctioning will happen without any problems,” read the release.

In mid-April, Chief Minister B.S. Yediyurappa had announced the auctioning of 12,000 BDA sites to help the State government generate revenue to the tune of ₹15,000 crore. Many people had disputed the government’s claim that 12,000 sites were available with the BDA. Some BDA officials said there were around 7,000 unsold sites available with the BDA in various layouts. After his announcement, the BDA decided to auction sites in a phased manner online.

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Printable version | Aug 8, 2020 9:16:56 AM | https://www.thehindu.com/news/cities/bangalore/bda-to-e-auction-300-more-corner-sites-in-next-week/article32050008.ece

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