Bangalore Development Authority (BDA) is unable to find takers for the flats already constructed. Currently, about 1,300 flats are yet to be sold. To resolve this, the BDA has decided to tweak its rules to attract buyers.
Until now, as per norms, only one member from each family was permitted to buy a flat from the BDA. Now, as per the new rules, BDA is allowing more than one member per family to buy flats, even in the same apartment complexes. In case an organisation is interested in buying flats, BDA will sell its flats at a discount of 10 per cent to those buying flats in bulk.
Earlier, flats were sold among applicants by drawing lots. This drew some criticism as buyers could not buy a flat of their liking. Now, the authority is planning to allow buyers to book flats online. At the moment, 502 flats are available for sale in Kanminike (phase two). The 2 BHKs in this area are sold for Rs 23.75 lakh. Another 265 flats are available in Kanminike (phase three). Here, 2 BHKs cost Rs 28.5 lakh, and 3 BHK flats (92) are available for sale at Rs 40 lakh each. Another 103 flats are available at Kommaghatta (phase one) where each 2 BHK flat costs Rs 23.75 lakh. In phase two, 250 2 BHK flats, costing Rs 30.4 lakh, are available.
In Doddabanahalli (phase 1), 28 2 BHK apartments are available at Rs 25 lakh each. Another 40 2-BHK flats costing Rs 44 lakh each, are available in Valagerahalli (phase six). In Malayalam (phase two), 42 2-BHKs costing Rs 42 lakh each are available.
Earlier, the BDA had decided not to construct new flats due to the low demand and focus on selling villas. However, the cash-strapped organisation is unable to go ahead with that project. SR Vishwanath, chairman, BDA, said the BDA was planning to make its flats attractive by adding features like gyms, parks, parking lots, etc.