BDA auction

chandramouli
Posts: 63
Joined: May 11th, 2009, 12:19 pm

BDA auction

Postby chandramouli » June 24th, 2018, 12:21 pm

BDA has announced e-auctions at various locations. There appears to be a considerable reduction in the minimum bid prices at all locations. Am I correct?

srikhk65
Posts: 29
Joined: September 1st, 2011, 11:41 pm

Re: BDA auction

Postby srikhk65 » June 25th, 2018, 3:00 pm

Yes. You are correct in your observation.
The reserve price set by BDA have definitely come down by about Rs. 1000 - 1500 per square feet over a period of 2 years.
Sure indication of demand looking dull. Definitely a good opportunity for genuine buyers.

chandramouli
Posts: 63
Joined: May 11th, 2009, 12:19 pm

Re: BDA auction

Postby chandramouli » June 25th, 2018, 5:30 pm

If the response for the earlier auctions had been good and actual bid prices were more than twice the minimum bid prices as some posts here suggested, BDA would not have reduced the same now. Evidently many sites would have gone without any bids. That is why BDA reduces minimum bid prices.

Regards


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