BDA - Auction of corner Sites - July 2020 - Bangalore Mirror Report

[srikhk65]

https://bangaloremirror.indiatimes.com/bangalore/others/190-corner-sites-across-various-plots-in-the-city-sold/articleshow/76900985.cms

" The initial bid price was for a square metre of site in Sir M Vishveshwaraiah layout was Rs. 40000. We offered to pay upto Rs. 81000 but gave up bidding as others were offering more " said one Mr. Umesh who lost the bid.

[movva]

Is that really worthy of paying more than 8000/sq ft even for corner or commercial site?

[srikhk65]

Is that really worthy of paying more than 8000/sq ft even for corner or commercial site?

I am also wondering the same thing. With Rs. 8000 + / Square feet, the asset is fully priced for the next 3 years. Perhaps a few deep pockets are accumulating based on strategic information which is not yet public.

[ravikumar124]

i think block 1 price is around 6000-7000 rs internal roads considering this as base price for sure people are puting extra effort to get directly fro BDA .. , by the way i am also one of the failed aspirant ..mine site was 2201 for sure went for more then double ..

[movva]

Hello Friends,
Can you please share your information regarding present market price in IV Block Vishweshwaraiah Layout.
I am having a 30x40 North facing site.Information will be really helpful for further proceedings.
Thanks in advance.

[ravikumar124]

hi Movvvaaa , price depends on many factor , however 4th block is not much activity when compared to 5,6 3 and also its close to old settlement , revene,basthi etc ... to be fair it depends where exactly u got plot .. in case if u got across 80 feet and next 6th Block around fedral bank area then u might get higher when compared to another side where still its going around 2500-4000 rs ... if i may ask u what is the site number .. and it seems u r holding for more then 10 years did you got site appreciation as expected?