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Thursday, September 27, 2007 @ 03:47 in Bangalore, Indian Property, Indian Real Estate

What is the process of purchasing a land in auction from BDA?

Question asked by Rajan Venugopal:
What is the process of purchasing a land in auction from BDA?

Vatsala Answers:

The BDA announces the auction in newspaper. A certain base price is fixed. Successful bidders are required to deposit a certain sum with the BDA, after which the sale deed is registered in the name of the successful bidder.

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