Bangalore Development Authority’s public auctions garner Rs 3,553 crore

The BDA has raked in Rs 3,553 crore in revenue by selling 3,735 sites in various layouts via public auction, in compliance with a recent Supreme Court order.

The public auction method is also expected to bring in significant revenue to the Bangalore Development Authority (BDA), which is undertaking a slew of projects, including developing the Dr Shivaram Karanth Layout, Hebbal junction flyover and preparation of the Master Plan. In the past, the BDA was allotting alternative sites in plots that were developed in the recovered land, which the Supreme Court termed illegal.