To guarantee a fair distribution of residential plots around Bangalore, the BDA site allotment rules, 1984, provide certain eligibility requirements, terms of payment, and cancellation policies. The eligibility requirements, reservation policies, and processes for different candidate categories: such as those from economically disadvantaged groups and those with particular distinction in sports or the arts, are outlined in these regulations.
What are the BDA Allotment of Sites Rules 1984?
Candidates must not be the owners of a home or property in Karnataka that has been assigned by the BDA, housing boards, cooperative societies, or any other urban body.
To prove eligibility, a notarised declaration needs to be submitted
Allottees have sixty days to pay the remaining site value. Interest is piqued by delay: 18% for the first 30 days and 21% for the following 30.
If the registration fee is not paid within the allotted time, it may be canceled and forfeited.
The allottee must sign a lease-cum-sale agreement within 60 days, or risk cancellation.
By preventing numerous allotments to the same household, these regulations guarantee transparency.
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I was interested in the BDA sites but I didn’t know how they were allotted. To know about that, I called a friend of mine who had recently received a BDA site. I asked him about the BDA site allotment rules. Here is what he told me.
What are the Site Allotment Rules of BDA?
He told me to understand the BDA site allotment rules, I have to understand a few key points, which are
Application Process
He said that I can apply for BDA sites either online or offline. The application process usually starts with filling out a form and paying an initial deposit.
Initial Deposit
He said that all applicants must pay an initial deposit of 12.5% of the total site value within one month of applying.
Priority for Farmers
According to my friend, farmers who lost their land are given priority in site allotment. They receive developed sites in return for their land
Loan Facilities
He also said that Nine banks have been identified to provide loans to applicants. These banks include Canara Bank, State Bank of India, etc.
And that’s about it. I hope this information about the Site Allotment Rules of BDA will be of help to you.
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What are the BDA Site Allotment Rules?
Sumit
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2024-07-31T16:27:18+00:00 2024-07-31T17:21:22+00:00Comment
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