Payment of site value to BDA by allottees.

prerana48
Posts: 3
Joined: November 5th, 2016, 2:19 pm

Payment of site value to BDA by allottees.

Postby prerana48 » December 7th, 2016, 12:56 pm

There is no information by BDA as to when we, i.e., allottees of sites in BDA Kempegowda Layout have to make payment of site cost.
Any member having information in this regard can kindly share.
Regards,
M. RAMESH BABU
Cell: 8050 851 620

msn1270
Posts: 1202
Joined: June 17th, 2009, 2:21 pm

Re: Payment of site value to BDA by allottees.

Postby msn1270 » December 29th, 2016, 3:32 pm

As per BDA Statement, They have already sent the allotment letters to all the successful applicants.
They've given 60 Days time to pay the balance amount without any interest. If the applicant fails,
he can ask for extension by submitting an application for another 1 Month with an interest of 18% of
the total value of the Site. Again if he fails, i think he can get another attempt with 90 days grace
period with an interest rate of 21%.

Anyone who can't pay within these 3 attempts will loose their allotment automatically.

prerana48
Posts: 3
Joined: November 5th, 2016, 2:19 pm

Re: Payment of site value to BDA by allottees.

Postby prerana48 » December 29th, 2016, 8:30 pm

HI
I have received allotment letter.
I visited Block No.7 and located my site.
only storm water drain work is done and quality is very very poor.

msn1270
Posts: 1202
Joined: June 17th, 2009, 2:21 pm

Re: Payment of site value to BDA by allottees.

Postby msn1270 » January 2nd, 2017, 11:43 am

Hi Prerana

Firstly It's a BDA Layout. BDA is busy in raising funds for the present Govt for their next year election by all possible options including the most opposed steel bridge.

So, We can't expect anything more from them for next 2-3 years. Keep it as an investment with a time period of 6-10 years, you can get very good benefit in the long term compared to any other mode of investment.


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