Bengaluru development body's flats face potential cost increase

05 Dec 2023 CW Team

Despite the fact that more than 1,700 flats across 10 distinct projects remain unsold, officials at the Bangalore Development Authority (BDA) have suggested that there may be an increase in their prices. The officials within the agency expressed concerns that such a move could significantly complicate the process of selling these flats.

As per BDA officials, the proposal has been prompted by the state government's upward revision of property guidance values in October of this year. They mentioned that the upcoming BDA meeting, scheduled for the first or second week of December, will deliberate on the proposal to raise flat prices by approximately 10%. However, BDA commissioner N Jayaram asserted that there is no existing proposal within the agency to increase the prices.

According to BDA data, flats have been constructed in various locations, including Kommaghatta, Kaniminike, Doddabanahalli, Valagerahalli, Nagarabhavi, and Konadasapura. While more than 50% of the flats in Nagarabhavi have been sold, there has been a lackluster response from the public in Kaniminike, Kommaghatta, and Konadasapura, where over 50% of the units have found no takers.

A BDA official disclosed that they built 120 3-BHK flats in Nagarabhavi, with 77 of them being successfully sold. Furthermore, the BDA has constructed a total of 2,276 flats across its projects in Kaniminike, Kommaghatta, and Konadasapura, but only 853 of these have been sold. Additionally, more than 200 flats from three other projects remain unsold.

Another official emphasised that individuals interested in purchasing BDA flats should consider booking within the next 10-15 days to avoid the impending price hike.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..