Vastu concerns contributes in declining demand for BDA flats
Real Estate

Vastu concerns contributes in declining demand for BDA flats

Vastu considerations have become a key factor in the declining demand for Bangalore Development Authority (BDA) flats, despite their affordability. With over 3,500 units still unsold, BDA is facing financial difficulties and has sought assistance from private builders to help sell the remaining inventory.

Out of the 11,917 units constructed, 3,586 remain unoccupied. Despite efforts to boost sales through online platforms, flat sale fairs, and bulk buyer discounts, the desired results have not been achieved. A senior BDA official noted that several factors were contributing to the slow sales, including the lack of Vastu-compliant designs, which is an important consideration for many potential buyers.

The official also pointed out that many BDA housing complexes are located on the outskirts of the city, where road and Metro connectivity is insufficient, making them less attractive compared to centrally-located private developments. Persistent issues such as unreliable electricity supply and complaints about poor construction quality have further discouraged buyers. Even the rental market has stagnated, with residents reporting low interest from potential renters, compounding the issue.

Supriya Girish, a resident of Vijayanagar, recounted her experience, explaining that after purchasing a 2 BHK flat in Gunjur two years ago and doing interior work to rent it out, she found no one was interested in renting it due to the location. The distance made it difficult for her family to commute, leaving them stuck with the flat.

In response to these challenges, BDA is increasing its collaboration with private builders to facilitate flat sales. The authority is also focusing on improving apartment management through residents' associations to ensure better maintenance and community living standards.

NA Harris, MLA and chairman of BDA, acknowledged the difficulties in accommodating all buyers' preferences, explaining that while some people believe in Vastu Shastra, others do not, making it challenging to design homes that meet everyone's expectations. He added that BDA was negotiating with private builders and taking steps to manage the unsold flats through apartment residents' associations. Harris further noted that BDA was offering homes at a very low price to ensure affordability, as buying a house from private builders in the city is costly.

BDA Commissioner NS Jayaram mentioned that several programmes were being planned to boost the sales of BDA flats, expressing hope that strategic collaborations and improvements in infrastructure would eventually revive demand, benefiting both the authority and prospective homeowners.

Vastu considerations have become a key factor in the declining demand for Bangalore Development Authority (BDA) flats, despite their affordability. With over 3,500 units still unsold, BDA is facing financial difficulties and has sought assistance from private builders to help sell the remaining inventory. Out of the 11,917 units constructed, 3,586 remain unoccupied. Despite efforts to boost sales through online platforms, flat sale fairs, and bulk buyer discounts, the desired results have not been achieved. A senior BDA official noted that several factors were contributing to the slow sales, including the lack of Vastu-compliant designs, which is an important consideration for many potential buyers. The official also pointed out that many BDA housing complexes are located on the outskirts of the city, where road and Metro connectivity is insufficient, making them less attractive compared to centrally-located private developments. Persistent issues such as unreliable electricity supply and complaints about poor construction quality have further discouraged buyers. Even the rental market has stagnated, with residents reporting low interest from potential renters, compounding the issue. Supriya Girish, a resident of Vijayanagar, recounted her experience, explaining that after purchasing a 2 BHK flat in Gunjur two years ago and doing interior work to rent it out, she found no one was interested in renting it due to the location. The distance made it difficult for her family to commute, leaving them stuck with the flat. In response to these challenges, BDA is increasing its collaboration with private builders to facilitate flat sales. The authority is also focusing on improving apartment management through residents' associations to ensure better maintenance and community living standards. NA Harris, MLA and chairman of BDA, acknowledged the difficulties in accommodating all buyers' preferences, explaining that while some people believe in Vastu Shastra, others do not, making it challenging to design homes that meet everyone's expectations. He added that BDA was negotiating with private builders and taking steps to manage the unsold flats through apartment residents' associations. Harris further noted that BDA was offering homes at a very low price to ensure affordability, as buying a house from private builders in the city is costly. BDA Commissioner NS Jayaram mentioned that several programmes were being planned to boost the sales of BDA flats, expressing hope that strategic collaborations and improvements in infrastructure would eventually revive demand, benefiting both the authority and prospective homeowners.

Next Story
Building Material

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Next Story
Building Material

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Next Story
Building Material

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App