BENGALURU: Despite being priced lower than similar offerings from private developers, thousands of flats and villas built by the Bangalore Development Authority (BDA) on the city’s outskirts are finding it hard to attract buyers. Currently, 2,294 units remain unsold even years after completion.
The BDA has made various efforts to stimulate sales, such as hosting property fairs, providing bulk discounts, and offering a 5% rebate on selected projects, yet the response from potential buyers has been underwhelming. Residents attribute the lack of interest mainly to inadequate infrastructure.
Many housing developments are devoid of essential amenities like proper road access, street lighting, and basic civic facilities. Numerous buildings are experiencing water seepage issues, and the absence of active residents’ associations has led to maintenance problems.
This situation is prevalent across multiple projects in areas such as Kannamangala, Konadasapura, Alur Phase 1, Valagerahalli Phase 1, Gunjur, and Thippasandra, where even current owners struggle to rent out their properties due to weak demand.
At Hunnigere, only 16 out of 100 villas launched three years ago have been sold, leaving a significant inventory of 84 villas still available. Buyers have voiced concerns over the pricing of the villas and a lack of transparency regarding construction costs.
Although the BDA Chairman indicated that discussions were in progress with private builders to address the unsold inventory and enhance maintenance through homeowners’ associations, little advancement has occurred. Consequently, both flats and villas remain vacant, raising questions about the planning and execution of suburban housing projects.
