In the Auction site you are the first owner and there is no problem of legality, so people end up paying 10% more in auction and there is also component of black money in resale property
If 07:20 Sathish was speaking about the SMV 8th block corner site, it was me who bought it at a premium price because i own the adjoining two plots. This is one of the points that you missed, my Avg price on the whole property is less and it has value for more yield as a bigger property.
Just for the name “BDA site” people are paying more than 80lakhs for the sites , Which is completely meaningless there are many A Khata layouts , gated community layout with proper documents which are cheaper , closer to city & fully developed. Specially Banashankari 6th & Anjanapura literally looks like mini forest . Garbage dumping unit in bsk,No Cauvery water , rent is very low , no good family restaurants nearby, Not many IT companies nearby except global village. Finally by raising price soo much ,for a middle class people house remains only dream.
@@shrihara according to your logic bsk 6th stage has many 100ft, 80ft ,40ft roads & no dead ends but still why no development ?? This bsk 6th stage was developed in 2002 by BDA. Development of layout happens by school , college , hospital, restaurant, pub , club , metro ,IT companies etc not by size of roads.😊
@@kruthikbasavarajaiah3583 I didn't talk about development. My point is that once developed, you see, it will be one of the posh residential areas in Bengaluru. Same happened with HSR, Koramangala, Indiranagara etc but not non - BDA layouts. Non-BDA layouts in that part of Bengaluru are pathetic.
@@kruthikbasavarajaiah3583 alongwith garbage segregation centre which releases bad smell.. recently forest dept taken four acres which BDA made layout.
Very good advise. 👍 I too participated in this auction and didn't buy as the price went for a foolish rate. I took 3 auction sites in August 2022. This time price in SMV 4th block went for rs 9000 even though market price is 6000 to 6500. Better to buy resale sites with your advise.Keep it up. Request Mr. Badrinath to make videos of 300 sites details you have so that buyers can approach you with confidence at you.
I had participated in BDA auction in 2014 for 3 BDA sites in Vasanthpura. All 3 sites bidding went well beyond the market price. Looked fishy for 30/20 sites going for 10 k and beyond that time.
The worst part is that some of these people will put their sites for resale at higher price than their bid price. Other people selling site in same block will see that and start quoting same price for their site. This is happening in Mysuru. Even there the auction has created lot of ruckus. In Hebbal, Mysore, market price is between 4k to 5k. In MUDA auction, someone purchased for 6k !!! And that news went viral and others selling their site in Hebbal also raised it to 6k !!
Hi Satish - i am looking for site near RR Nagara, i have visited some layouts and nothing is finalises, could you please suggest me good site for constructions.
Why are you two not highlighting the fact that resale properties are not accepting full amount in white and registered value. They take only SR value. That is the problem. People who want in full white have no choice other than auction.
Were most of the sites sold this time ? Especially sm still not so improved layouts lyk Banashankari 6th stage and Anjanapura , n also bigger sites of all layouts.. hw ws yo experience this time compared to last time ? Price n no of sales of sites
People who have paid 20 to 40 percent higher than market price have to wait at least 5 years just to get their price in market. For 5 years, they will loose value of their hard earned money. For example, someone bid 80 Lakhs for NKPL 30x40 site last year auction. Market price is 55 Lakhs. Just to get their site resold for 80 Lakhs, they have to wait 5 years. After that they can sell it for 80 Lakhs or more. If they had 80 lakhs in bank, it would be 1 cr in 5 years, but plot is still below 80 Lakhs.
If money is kept in bank, income tax letter will come and not 1 crore, even the fixed deposit 80 laks will vanish. So better to invest in real estate. 😅😅😅.
@@vaishnavinag6035 Why income tax notice will be sent? Sounds like you are having illegal undeclared source of income. PPF, SSC deposits double in 6-8 years time.
you are right, it depends on interest rate, right now Bank/FD is better as interest rate is 8% but property cannot give this return as loan rates are also high, but if interest rate is around 4-5% the property gives better return as many will buy
Hi , can you tell why you are looking to buy at bsk 6th stage 10th block. Do u know any upcoming projects in that block. I just wanted to know about 10th block.
I am disheartened to see.. BDA is a government organisation whose intention should be helping people to buy a house for themselves at lower price specially for people who don't have a house. But BDA is operating like a private organisation who work only for profits and making people pay higher than the market. Sad! No body to question this to them??
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In the Auction site you are the first owner and there is no problem of legality, so people end up paying 10% more in auction and there is also component of black money in resale property
If want to sell a site through broker they offer low price. If I want to buy they offer high price
Exactly brokers are the one reason of rise in property rates, they increase whichever side they getting profit..
If 07:20 Sathish was speaking about the SMV 8th block corner site, it was me who bought it at a premium price because i own the adjoining two plots. This is one of the points that you missed, my Avg price on the whole property is less and it has value for more yield as a bigger property.
What did u buy it for?
8th block corner sites are 12k. I was looking over from past 6 months, the corner east or north is average between 11 to 12k
Can you please advise tips to secure eauction unit ..
Shukriya for keeping us abreast of the auction!
Just for the name “BDA site” people are paying more than 80lakhs for the sites , Which is completely meaningless there are many A Khata layouts , gated community layout with proper documents which are cheaper , closer to city & fully developed. Specially Banashankari 6th & Anjanapura literally looks like mini forest . Garbage dumping unit in bsk,No Cauvery water , rent is very low , no good family restaurants nearby, Not many IT companies nearby except global village. Finally by raising price soo much ,for a middle class people house remains only dream.
Only BDA layouts have properly planned roads with NO DEAD ENDS. In Private layouts, they will have only one connecting road.
@@shrihara according to your logic bsk 6th stage has many 100ft, 80ft ,40ft roads & no dead ends but still why no development ?? This bsk 6th stage was developed in 2002 by BDA.
Development of layout happens by school , college , hospital, restaurant, pub , club , metro ,IT companies etc not by size of roads.😊
@@kruthikbasavarajaiah3583 I didn't talk about development. My point is that once developed, you see, it will be one of the posh residential areas in Bengaluru. Same happened with HSR, Koramangala, Indiranagara etc but not non - BDA layouts. Non-BDA layouts in that part of Bengaluru are pathetic.
@@kruthikbasavarajaiah3583 alongwith garbage segregation centre which releases bad smell.. recently forest dept taken four acres which BDA made layout.
👏👏👏👏👏👏👏👏@@shrihara
Very rarely we see such honest suggestions and clarity in positive n negative impacts in realty deals ! Thanks a lot for the presentation!
So nice of you
Very good advise. 👍 I too participated in this auction and didn't buy as the price went for a foolish rate. I took 3 auction sites in August 2022. This time price in SMV 4th block went for rs 9000 even though market price is 6000 to 6500. Better to buy resale sites with your advise.Keep it up. Request Mr. Badrinath to make videos of 300 sites details you have so that buyers can approach you with confidence at you.
Yeshtu site thogotheerappa, nammage first site aagthilla to have our own home.
Good information , your good intention always keep u high sir, thank you.
So nice of you madam
I had participated in BDA auction in 2014 for 3 BDA sites in Vasanthpura. All 3 sites bidding went well beyond the market price. Looked fishy for 30/20 sites going for 10 k and beyond that time.
The worst part is that some of these people will put their sites for resale at higher price than their bid price.
Other people selling site in same block will see that and start quoting same price for their site.
This is happening in Mysuru. Even there the auction has created lot of ruckus.
In Hebbal, Mysore, market price is between 4k to 5k.
In MUDA auction, someone purchased for 6k !!!
And that news went viral and others selling their site in Hebbal also raised it to 6k !!
Hi Satish - i am looking for site near RR Nagara, i have visited some layouts and nothing is finalises, could you please suggest me good site for constructions.
Why are you two not highlighting the fact that resale properties are not accepting full amount in white and registered value. They take only SR value. That is the problem. People who want in full white have no choice other than auction.
Withdraw money , simple. Banks these days are ready to give split cheque one for white in the name of seller and the other cash.
And then you again take black when you sell it
Were most of the sites sold this time ? Especially sm still not so improved layouts lyk Banashankari 6th stage and Anjanapura , n also bigger sites of all layouts.. hw ws yo experience this time compared to last time ? Price n no of sales of sites
BDA layouts are wide Roads.A Katha ,Gated will have narrow Roads. Now a days car days
People who have paid 20 to 40 percent higher than market price have to wait at least 5 years just to get their price in market.
For 5 years, they will loose value of their hard earned money.
For example, someone bid 80 Lakhs for NKPL 30x40 site last year auction. Market price is 55 Lakhs. Just to get their site resold for 80 Lakhs, they have to wait 5 years. After that they can sell it for 80 Lakhs or more. If they had 80 lakhs in bank, it would be 1 cr in 5 years, but plot is still below 80 Lakhs.
If money is kept in bank, income tax letter will come and not 1 crore, even the fixed deposit 80 laks will vanish. So better to invest in real estate. 😅😅😅.
@@vaishnavinag6035 Why income tax notice will be sent? Sounds like you are having illegal undeclared source of income.
PPF, SSC deposits double in 6-8 years time.
you are right, it depends on interest rate, right now Bank/FD is better as interest rate is 8% but property cannot give this return as loan rates are also high, but if interest rate is around 4-5% the property gives better return as many will buy
Is there any rule that house should be constructed within X years of purchase of a BDA site?
Nothing like that when acquired thru auction
That rule is in noida
@@hreemshreemkleem need to implement here also
But sir when I enquired with you, you said the commission for auction sites work in a different manner. Did I hear 2%?
Yes sir you are right
No it is 1%
When we will get letter to pay 75% amount? Is it sent via speed post or normal post? Does this act as allotment letter?
After you pay 25% of the amount.. you will get the allotment letter in the registered post within 20.days.
@@MaheshS-cu7gi haven’t got it yet, almost 1month now.
Update ?
@@nalinicoomaraswamy4904 did u got it ?
25:00 534000 for 21 years 3.3 crore... approx 10% annual compound interest . Is it worth the effort ?
That’s 23 % CAGR not 10% (60 times in 20 years is fantastic return, though it wont repeat in the next 20 years)
@@namrathaupy i am sorry, i calculated wrong
Hi, I am looking for site in BSK 6th stage 10th block any facing. What is the best one can get ?
Call 9902066670 for more details
Hi , can you tell why you are looking to buy at bsk 6th stage 10th block. Do u know any upcoming projects in that block. I just wanted to know about 10th block.
Sir what is the current market price in anjanapura 11 block.
Call 9902066670 for more details
I am disheartened to see.. BDA is a government organisation whose intention should be helping people to buy a house for themselves at lower price specially for people who don't have a house. But BDA is operating like a private organisation who work only for profits and making people pay higher than the market. Sad! No body to question this to them??
What’s the price in Anjanapura 11th block ?
Hi Please be in touch at 9844759922
8000 - 9500
Sir plz tellme in kannda.bhadvarige nimmalli site idena
Call 9902066670 for more details
Paying higher in Auction is fine, your paying to government and it totally white..
Sir , what is the current market price in smv 4th block
Around 7500/sft
in auction everything is white and title is clear may be that's why people prefer auction over resale
Do anyone of you have Satish's phone number or which developers does he belong to?
Call 9902066670 for more details
@@valueaddrealty this number takes me to you.
❤
Not received EMD refund yet.. should I wait? How long? Who to contact..
It will take somewhere around 15 to 20 days to get the refund
Auction should not be online poor people they overpriced.