Bengaluru: BDA halves initial deposit for property buyers to boost demand

In a significant move aimed at easing home ownership, the Bangalore Development Authority (BDA) has slashed the initial deposit amount by 50% for residential flats, plots, and villas in its layouts across Bengaluru. The revised rates lower the upfront payment from 25% to 12.5% for general category buyers and from 10% to 5% for those from Scheduled Castes and Scheduled Tribes.

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This decision follows a noticeable decline in demand after BDA increased the deposit requirement on May 1. Prior to the hike, the authority averaged 5–6 online bookings per day, a figure that dropped substantially in the weeks that followed. The higher deposit made it difficult for many potential buyers to secure bank loans, triggering widespread concerns.

In response, BDA has reinstated the previous, lower deposit rates to make its housing options more financially accessible. The move is expected to revitalize interest and attract a broader base of homebuyers.

To further promote the revised offer, BDA will host a Housing Fair on June 21 at the Kaniminike Housing Complex between 9 AM and 5 PM. Several nationalized banks will be present to provide on-the-spot assistance with housing loans, aiming to streamline the purchase process.

This initiative is seen as a proactive step toward improving affordability and stimulating sales in the city’s real estate sector.