BENGALURU: Shedding its traditional image, the Bangalore Development Authority (BDA) is set to give private builders a run for their money.
Known for its no-frills and boxy flats, the BDA has moved from affordable housing to premium projects, planning premium multi-storeyed two and three-bedroom projects with high-end facilities and penthouses. Besides, it plans to construct a dozen ultra-deluxe villas close to these three projects to be sold at a premium.
In a first, a BDA project will boast of a clubhouse, tennis court, swimming pool, amphitheatre, gymnasium and shopping centres. Round-the-clock security and CCTV camera are the other high points. The BDA’s first luxury housing project is coming up at Valgerahalli, near RV College of Engineering on Mysuru Road.It promises amenities on a par with those of private builders. Its other high-end apartments will come up at Malagala (Nagarbhavi) and Alur, near Tata Housing project, on Tumukuru road in two years. “The residential complex will have 415 two and three-bedroom flats, each with a minimum carpet area of 1,000 sqft,” said NG Gowdaiah, in charge of the project.
“The prices of these properties will be higher than that of other BDA apartments which range between Rs 10 lakh and Rs 35 lakh,” Gowdaiah said. The first luxe project, to be completed by April, will have two and three-bedroom flats priced around Rs 45-55 lakh, almost half the market price. As per plans, the flats will have granite flooring and teakwood doors and windows. The bathrooms and kitchens will be have ceramic tiles. The exteriors will have high-grade concrete precast blocks, besides internal roads with signages.
“It’s unfortunate BDA is moving towards premium housing. It was created to help the poor and middle class. Of late, it looks like a real estate agency. It has appointed a KAS officer to market its flats in a strong suggestion that BDA is putting money first,” said BM Shivakumar, an RTI activist.
Credits ET Realty