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How do I participate in BDA e-auction?

How do I participate in BDA e-auction?

Terms & Conditions:

  1. Applicant should be a Citizen of India.
  2. NRIs & Partnership firms also can participate in the auction.
  3. Applicant has to pay Rs 4 Lakh per site as Earnest Money Deposit (Deposit amount is refundable )
  4. Successful bidder has to remit 25% of auction amount in 3 days.

How can I apply for BDA online?

  1. First, you are required to go to the online portal of the Bangalore Development Authority.
  2. On the next page, you will have to fill out a registration form, in which you’ll have to enter details like your name, father’s name, mobile number, address, Aadhar Card number, PAN Card number, etc.

How can I check my BDA website online?

If you want to know how to check BDA site allotment, then you can visit https://eng.bdabangalore.org/adminallotmentsection.html.

How is e-auction done?

Then, those interested in participating have to register themselves on the seller’s online platform. Thereafter, earnest money is collected from the shortlisted buyers. Once the e-auction commences, participants submit their bids during the specified period without having to be physically present at a particular place.

How can I buy property in BDA?

Which documents are required to buy BDA plots? Possession letter, Allotment letter, Sale deed, Khata, Tax paid receipts and building sanction plan is required to buy BDA approved plot.

How can I apply for BDA in Bangalore 2021?

How to apply for BDA flats for sale in Bengaluru-2021 online?

  1. Step 1: Login to https://www.bdabangalore.org/
  2. Step 4: Click on ‘Enquire now’
  3. Step 7: On clicking on ‘Proceed to book’, you will see the availability of flats in a colour code.
  4. Step 10: You will be asked to pay the registration fee.

What is base price in e-auction?

Base Price: any time but at least 24 hrs before the commencement of E- Auction and the same shall be available for the prospective bidders on MSTC website www.mstcecommerce.com.

Is it good to buy BDA flats?

“It is commonly known that the BDA flats are designed poor and lack quality. This is mainly because 30-40 per cent of the budgeted cost is grabbed from the builder as commission by engineers and officials.

How much does a BDA site cost?

A 30X40 site will cost Rs 24 lakh plus registration; a 2,400 sqft (60X40 feet) is Rs 54 lakh; and the 50X80 site will cost Rs 1 crore. The pricing is based on different dimensions of the plots, starting at Rs 900sq ft for the economically weaker sections and from Rs 1,800sq ft for general category .

What are the types of e-auction?

There are six main types of e-auction examples companies can use:

  • British Reverse;
  • Vickrey Reverse;
  • Dutch Reverse;
  • Japanese Reverse;
  • Sealed Bid;
  • Weighted/Multi-attribute.
  • July 29, 2022

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