Friday, 17 June 2016

BDA to discontinue construction of 1BHK Flats



                                            



As there are only a few takers for 1BHK flats, the Bangalore Development Authority (BDA) will not construct one-bed room (1 BHK) flats any more in its new projects. As per the BDA officials, there is more demand for two  and three bedroom flats in its new projects. Most of the demand is from Kengeri, where the BDA is executing five projects. In Doddabanahalli  near Whitefield, two of BDA projects are going on and here also demand is for two and three bedroom flats. The other projects in JP Nagar 9th Phase, Kothanur and Thippasandra are also in demand.

Buyers in these projects are mainly interested in two and three bedroom homes. The officials have said that they will not construct single- bedroom houses any more in the upcoming layouts and new locations, after completing the existing projects.

Out of the 30,000 flats the BDA would construct 7,000 are one-bedroom units in 17 locations and 4,200 were notified in the first phase. Of these nearly 3000 buyers were given flats through lottery drawn at BDA’s head office on December 26, 2013.

For the second round of allotment, the BDA has issued notification offering 4,100 flats and it is likely to be done with in a month’s time. The last date for receiving applications was on June 7, 2014. Out of these the BDA is offering 2,800 1BHK, 1,000 – 2BHK and 384-3 BHK flats. The BDA has informed the rates have not been revised. For 1BHK, the rate for economically weaker sections is 7.5 to 9 Lakhs.  Under general category, the price ranges is Rs.10-13 Lakhs. The rates for 2 BHK flats is Rs.20-25lakhs whereas, the rate for 3 BHK flats are ranging from 30-35 Lakhs.


The ongoing 17 projects are located at various areas like,  Alur (tumkur Road), Malagala (Nagarabhavi), Halagevaderahalli (Rajarajeshwarinagar), Thippasandra and Kothanur (Anjanapura), JP Nagar 9th Phase, Kaniminike (Mysore Road), Doddabanahalli (Old Madras Road), Gunjur (Varthur Road), Visvesvarayya Layout, Kengeri and Nandini Layout.

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