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  • Bangalore Housing Scheme 2019-20

    The Bangalore Development Authority had launched the BDA Housing Scheme in January 2016. The scheme aimed to allocate over 3280 flats based in various locations spread sporadically across the city.

    Where Are These Apartments Located?

    The apartments that are going to allotted under this scheme are within the BDA’s jurisdiction and are going to be given out based on the BDA Allotment of Site Rule of 1984. Through this initiative, BDA will offer 1 BHK, 2 BHK, and 3 BHK houses for general, EWS and LIG categories.

    Eligibility Criteria for BDA Housing Scheme 2016:

    The BDA has chalked up a lengthy eligibility criteria every applicant applying for a house should meet. The requirement is as follows:

    1. The annual income of the applicant and their family must fall under the Economically Weaker Sections (EWS) bracket. In other words, the salary must be less than Rs. 3 lakhs per annum.
    2. Applicants should be past 18 years of age. In exceptional cases, the maximum age can be 15 years at the date of registration and the applicant need to be a resident of Karnataka.
    3. If any applicant or family member has already received housing or residential plots under any development authorities like the CITB in the state are not eligible to apply.

    How Can One Apply for the BDA Housing Scheme?

    Below is the process one needs to follow to apply for housing under the BDA scheme:

    1. The applicant need to obtain the registration forms from one of the many banks that are certified to offer the forms. To get the form, however, they need to pay a certain fee as specified by the BDA.
    2. The registration slip or acknowledgement applicants receive should be sent to the BDA. In case an applicant is already registered, they need not apply again.
    3. Applicant looking to get a house need to pay the first deposit in the form of DD/cheque/ pay order in favour of the commissioner of BDA.
    4. If the applicants choose to apply for a house in multiple locations, they need to send in individual forms for all the properties they are applying to.

    Which Banks Offer The Sale And Receipt Of Application Forms For This Scheme?

    The BDA is working in partnership a number of public and private sector banks. Some of the nodal bank branches that facilitate the sale and receipt of application for this scheme include:

    1. Canara Bank - Kumara Park West.
    2. Corporation Bank - RT Nagar.
    3. ICICI Bank - 8th Mile, Hesaraghatta.
    4. Axis Bank - Basaveshwara Nagar.
    5. Punjab and Sindh Bank - JC Road.
    6. State Bank of Mysore - Basaveshwara Nagar.

    Are there any details regarding the flats available for sale?

    Yes. You will find below in tabular form the details of all the flats available through this scheme.

    1. 1 BHK Flats for Applicants with Income Less Than or Equal To Rs. 1 Lakh:

    Project Name No. of available flats Proposed allotment rates in lakhs Initial deposit to be paid in Rs.
    Alur Phase 1 568 8.25 for EWS, GM, 2A and 2B 6.25 for SC/ST Category 1 1,03,125 for EWS, GM, 2A and 2B 31,ooo for SC/ST Category 1

    2. 1 BHK Flats for Applicants for Applicants With No Income Ceiling:

    Project Name . of available flats Proposed allotment rates in lakhs Initial deposit to be paid in Rs.
    Malagala 42 12.00 1,50,000 for EWS, GM, 2A and 2B 60,000 for SC/ST Category 1
    Halagevaderahalli 45 13.00 1,62,500 65,000
    Alur Phase - 1 529 11.00 1,37,500 55,000
    Doddabanahalli Phase-2 50 12.00    
    Valagerahalli 76 12.00 1,50,000 60,000
    Total flats available 942   1,50,000 60,000

    3. 2 BHK Flats for LIG with No Income Ceiling:

    Project Name No. of available flats Proposed allotment rates in lakhs Initial deposit to be paid in Rs. for 2A 2B General and SC/ST Category 1
    Doddabanahalli Phase -1 241 25.00 3,12,500 1,25,000
    Doddabanahalli Phase - 2 342 25.00 3,12,500 1,25,000
    Kommaghatta Phase -1 216 25.00 3,12,500 1,25,000
    Kaniminike Phase - 1 587 25.00 3,12,500 1,25,000
    Total flats available 1386      

    4. 3 BHK HIG Residential Flats:

    Project Name No. of available flats Proposed allotment rates in lakhs Initial deposit t o be paid in Rs
    Valagerahalli Phase 5 384 45.00 5,62,500 for EWS, GM, 2A and 2B 2,25,000 for SC/ST Category 1

    All in all, people from the EWS, LIG, and even HIG communities can even apply for the Bangalore Development Authority Housing Scheme 2016. This project provides a variety of affordable housing options for various income groups.

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    Bangalore Housing Scheme 2016 - 17 Reviews

    • ICICI Bank Home Loan
      "Excellent Loan"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan from ICICI Bank, my loan was sanction on time and its going to be disbursed soon. The amount of the loan is 18 lakh . the bank informed me that for construction plan I have to pay for 3 lakh. The interest rate is 8.65% but the bank will be reducing the rate by 1.5% from next month.
      Was this review helpful? 15
      , new delhi
      Reviewed on Mar 21, 2020
    • IndusInd Bank
      IndusInd Bank Home Loan
      "Not good loan"
      0.5 3.0/5 "Satisfactory"
      I have taken INDUSIND home loan because my friend suggested it to me.The tenure of the loan is for 17 years with an interest rate of 11.5%. For submission of documents i have to run up and down apart from that it was fine.But it would have been good if the procedure is little short and not to deduct any installment from account without clearing the check first.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Mar 20, 2020
    • LIC Housing Home Loan
      "Best housing loan "
      0.5 5.0/5 "Blown Away!"
      Before 4 years ago, purchased my home loan from LIC Housing finance. Due to the low interest rates, i have selected LIC Housing. Taken the loan amount of Rs. 14 lakhs and i am paying the EMI amount of Rs. 12940 per month. Total duration of the loan is 15 years.
      Was this review helpful? 25
      , tirupur
      Reviewed on Mar 20, 2020
    • Tamilnad Mercantile Bank Home Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I have taken home loan directly through Tamilnad Mercantile Bank.The rate of interest and the processing fee was high .This loan was sanctioned on time and i have uploaded the documents through online . The service was average according to my concern.
      Was this review helpful? 8
      , surat
      Reviewed on Mar 15, 2020
    • Syndicate Bank Home Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan directly through SYNDICATE BANK. The rate of interest and the processing fee was nominal.This loan was processed on faster basis without any hassles.They gave a clear picture about the loan process .There was proper notification from bank end and i am satisfied with the service .
      Was this review helpful? 6
      , bangalore
      Reviewed on Mar 14, 2020
    • ICICI Bank Home Loan
      "Disappointed with ICICI"
      0.5 0.5/5 "Unacceptable"
      I hand applied for the Home construction loan @ Rabakavi Branch, Karnataka. We provided all the legal & Income documents. Loan got approved but they dragged it for 4 Months for the final steps and did not disburse finally saying legal issues which are absurd.
      Was this review helpful? 6
      , rabkavi banhatti
      Reviewed on Mar 14, 2020
    • review Home Loan
      "Supporting finance"
      0.5 5.0/5 "Blown Away!"
      Long back ago, i have taken the home loan from GIC Housing finance. Its because of the immediate process, i have selected this bank. Interest rates were normal because it was 8.35%. I bought the loan amount of Rs. 2.5 lakhs and the documentation process was hassle free. I have chosen a duration of 10 years to close this loan. I have already close the loan 5 years before and they have given me a NOC letter also.
      Was this review helpful? 6
      , chennai
      Reviewed on Mar 13, 2020
    • SBI Home Loan
      "Easy loan approval"
      0.5 4.0/5 "Great!"
      I have taken home loan directly through SBI .The rate of interest was nominal and this loan is still active .Everything was good to me when availed this loan .The loan process was clearly shared by the agent .I am really satisfied with the service . Without any hassles got this loan.
      Was this review helpful? 31
      , indore
      Reviewed on Mar 13, 2020
    • Indiabulls Home Loan
      "Need to improve customer service "
      0.5 2.0/5 "Expected more"
      At an Initial I took home loan from DHFL on sudden from their end transferred the process to INDIA BULLS without any intimation. But one issue was faced that my documents not submitted to INDIA BULLS hence I have submitted again. The amount sufficient was fine. EMI need to pay of 36K. The rate of interest is started with 8.35% gradually increased hence on last months was 8.90%. Their service is not good coordination with me.
      Was this review helpful? 7
      , thane
      Reviewed on Mar 12, 2020
    • review Home Loan
      "Home loan closer conditions"
      0.5 1.0/5 "Really Bad"
      Hi All, If any of the builder suggest to go for this bank don't ever go for it... For every 6 months they increase the ROI even RBI is decreasing... Pre closer is a hell for me ...bi have provided a cheque after 15 days they started processing the request to close... From my pocket I paid 30000 rs extra for closing...
      Was this review helpful? 18
      , bangalore
      Reviewed on Mar 11, 2020
    • Indiabulls Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I took home loan from INDIA BULLS, some people suggested to take a loan from this bank so chosen it. They have sanctioned the loan amount of 15L with tenure period of 15 years. Rate of interest is nominal. EMI need to pay of 17K. The processing fee is applicable. Since I am going to buy a plot so taken this loan offer.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Mar 11, 2020
    • LIC Housing Home Loan
      "Very good home loan and need to improve the interest rate"
      0.5 5.0/5 "Blown Away!"
      My home loan was taken from LIC Housing because their processing time and charges are less but interest rate is little bit high when i compared to other Government banks. They have taken 1 week to sanctioned the loan. Documentation process is as usual like other banks. They have provided me a interest rate of 8.45%.
      Was this review helpful? 15
      , kolkata
      Reviewed on Mar 10, 2020
    • Union Bank of India Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have taken home loan directly through Union Bank Of India .The rate of interest and the processing fee was nominal and submitted documents through the agent ,This loan is still active and i have taken this loan for home construction. There are more hidden charges which was informed later this was the only issue. I have been informed that will receive Rs.7000 to 8000 due to good credit score but it was not happened.
      Was this review helpful? 8
      , chennai
      Reviewed on Mar 09, 2020
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      HDFC people guided to take Pradhan Mantri scheme for the home loan. The amount was sanctioned of 25L and subsidiary amount of 2.67L. The tenure period of 20 years. An interest rate was fine of 8.5%. Pre closure is applicable with nominal charge. The process was good hence they have sanctioned the loan within 20 days. EMI need to pay of 22413 rupees.
      Was this review helpful? 50
      , kanchipuram
      Reviewed on Mar 09, 2020
    • LIC Housing Home Loan
      "Need to decrease the interest rate"
      0.5 4.0/5 "Great!"
      From LIC, they offered a home loan and the loan amount was Rs. 27,00,000. The rate of interest was high 9.15% with the duration period of 20 years and i am paying EMI of Rs.24,000 and they given this loan very faster . LIC have a good customer service.
      Was this review helpful? 8
      , lucknow
      Reviewed on Mar 09, 2020
    • HDFC Limited Home Loan
      "Comfortable process "
      0.5 5.0/5 "Blown Away!"
      I got home loan offer from HDFC Limited on one year back. I applied via online, the amount was sufficient with tenure period of 15 years. The rate of interest is moderate. I took this loan to buy an apartment. EMI need to pay of 36K. Pre closure is applicable but there is locking period of 6 months. Their service is good.
      Was this review helpful? 5
      , alleppey
      Reviewed on Mar 07, 2020
    • HDFC Limited Home Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      I have taken home loan directly through Hdfc Ltd.The rate of interest and the processing fee was nominal.This loan was processed on faster basis without any hassles.The agent gave a clear picture about the loan process .There was proper notification from bank end and i am satisfied with the service .
      Was this review helpful? 8
      , chennai
      Reviewed on Mar 06, 2020
    • review Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I took home loan from MAGMA HOUSING FINANCE on 6 months back , the loan duration of 20 years for the amount of 18L. The amount was sanctioned by one month. To buy the flat taken this loan. EMI need to pay of 15,600 rupees. There is pre closure is applicable. The customer service is good.
      Was this review helpful? 6
      , vadodara
      Reviewed on Mar 06, 2020
    • review Home Loan
      "Average Loan Service"
      0.5 3.0/5 "Satisfactory"
      I bought my home loan from Fullerton but an interest rates are high. In the call centre, there is no proper response for any kind of inquiry and if I sent a mail only they will send the reply after 48 hours. They have sanctioned the loan amount of Rs. 10L and they have not provided the loan as per their committed time.
      Was this review helpful? 6
      , chennai
      Reviewed on Mar 06, 2020
    • HDFC Limited Home Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      In HDFC, they were forcing me to taking a home insurance when i availed my home loan. Its just because of my landlord person since he was having their existing loan with HDFC hence have continued the same. They have offered me an interest rate of 9.25% and i need to pay the EMI amount of Rs. 10000 for the loan amount of Rs. 10 lakhs.
      Was this review helpful? 17
      , rajkot
      Reviewed on Mar 05, 2020
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