BDA Sold 332 Corner Plots In The Fourth Phase

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BDA Sold 332 Corner Plots In The Fourth Phase

Bangalore: Bangalore City Development Authority (BDA) sold 332 plots out of 445 in the fourth phase of e-auction. According to BDA sources, the auction of 17 plots has been cancelled due to lack of required bids during the e-auction. Apart from this, the auction of three plots has been stopped due to other reasons. 1790 people took part in the e-bidding. The expected value of the plots was Rs 171.95 crore, while these plots were purchased with bids worth Rs 281 crore 32 lakh.

As a result, the BDA has received an additional income of Rs 109 crore 37 lakh. This is 63.61 per cent more. No one has made bids for the 99 plots available in the e-auction. For applicants whose bids were not approved, an advance deposit of Rs 4 lakh is being returned. The notification for the e-auction of the fifth phase will be released soon.

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