Bengaluru development body rolls back hike on initial deposit for flats & villas
BENGALURU: Bangalore Development Authority (BDA) has rolled back its earlier decision to hike the initial deposit amount required for purchasing its residential units. The revised rates are now in line with what was charged before May 1, 2025. The decision comes in the wake of sustained complaints from the public, who found the increased deposit requirement unaffordable and a barrier to accessing home loans. The initial deposit — collected at the time of booking flats, sites, or villas developed by BDA — was doubled earlier this year, citing high demand. However, the move drew sharp criticism and led to a…