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
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?