Visit our new website:

25 BDA shops in Valagerahali auctioned for Rs 8,000 per sqft

  • Tue, 06 Feb 2018 16:48

The Bangalore Development Authority (BDA) auctioned the first batch of shops in Valagerahalli on Mysuru Road, West Bengaluru, on Monday.

The shopping complex was constructed last year on one-and-a-half-acres of land right next to the apartment block the BDA had built five years ago. It has 40 shops measuring between 150 square feet and 1,800 square feet. Twenty-five shops were auctioned for a 30-year lease period for Rs 8,000 per square foot. The BDA had received a total of 100 applications, an official said.

The good response has encouraged the agency to conduct more auctions. Thirty-five shops in Valagerahalli will be up for grabs on Tuesday while 40 stores in Halage Vaderahalli, Rajarajeshwari Nagar, will be auctioned on Wednesday, according to the official.

The BDA has adopted a different strategy in building commercial complexes. While it built standalone commercial complexes in localities such as HSR Layout, Indiranagar, Nagarabhavi and Koramangala earlier, it is now constructing shopping blocks near its apartment buildings on the outskirts of the city.

"We have decided to build commercial complexes near our own housing projects and auction the shops so that people can easily access them. Besides, these commercial complexes need less space compared to large shopping blocks, the official said. Buyers will have to form associations to manage them.

The money earned from the auction of shops will be used for the BDAs upcoming projects.

Deccan Herald - City


Save big on top tech magazines.

Related Stories

Chaat vendor murder: three arrested, including wife
  • Sun, 25 Feb 2018 04:41

The police arrested three people in the murder of a chaat vendor in Kurubarahalli in Mahalakshmi Layout on February 22. The arrested included his wife...

Clean Bengaluru Campaign kicks off in the city
  • Sun, 25 Feb 2018 02:50

A campaign to clean and beautify the city has begun and it looks hopeful. The first day of the Clean Bengaluru Campaign was kicked off with many offic...

Jeep crushed between truck and bus, two killed on the spot
  • Sat, 24 Feb 2018 22:44

Two persons were killed on the spot after a jeep they were travelling was crushed between a truck and a bus, on the outskirts of the city on Friday ...

Attack on Vidwath an 'accident', Haris Jr's lawyer tells court
  • Sat, 24 Feb 2018 19:03

The pub assault involving the son of Congress legislator, N A Haris, was essentially a clash between two groups that broke out accidentally, senior c...

Minister promises security to Vidwath
  • Sat, 24 Feb 2018 08:45

Home Minister Ramalinga Reddy on Friday announced "adequate security" to pub assault victim L Vidwath and his family. "I have learnt that they are ...

Docs against flying Vidwath, experts from Singapore may come to city
  • Sat, 24 Feb 2018 05:01

With no considerable improvement in Vidwaths condition, his family is now planning to bring doctors from Singapore to treat him. Vidwath was brutally ...

Olympic Cross-Country Skiers Eat 8,000 Calories a Day. It’s Exhausting.
  • Sat, 24 Feb 2018 04:02

Cross-country skiers require, on average, more daily calories than any other type of athlete. But the constant need to eat can take over their lives. ...

'Loo discomfort' for Nalapad,aides in crammed prison cell
  • Fri, 23 Feb 2018 16:48

Shanthinagar legislator N A Hariss son Mohammed Haris Nalapad is cooling his heels as prisoner number 1756 in the undertrial barrack of the Para...

Vidwath may be shifted to Mumbai, Singapore
  • Fri, 23 Feb 2018 14:47

Vidwath L, who was brutally attacked by Congress MLA N A Hariss son, may be shifted to a hospital in Mumbai or Singapore from Mallya Hospital here, a ...

CM's car meets with minor accident
  • Fri, 23 Feb 2018 00:36

The chief ministers car after dropping him at his official residence and returning back to Vidhana Soudha was brushed by another car in Gopal Gowda Ci...

One-stop counterfeit certificate shops for all your malware-signing needs
  • Thu, 22 Feb 2018 23:45

A digital signature used by malware that infected the network of Kaspersky Lab in 2014. Counterfeit certificates that generate such fraudulent signatu...

Vidwath's father got SPP to argue case
  • Thu, 22 Feb 2018 22:37

Special Public Prosecutor M S Shyamsundar was the choice of pub brawl victim L Vidwaths father J Loganathan. In a letter to Chief Secretary Ratna Prab...

News Categories