BDA launches yet another mega E-auction

The Bangalore Development Authority launched yet another mega e-auction today covering both prominent areas in the IT belt as well as areas in South Bengaluru such as BSK Vth stage.

eauction

 

In the last few e-auctions, people have had some issues with registering for the auction. One day before the auction, people could not register for the auction since the registration link was taken away hours before the auction started. While one can expect that e-auctions would not load the server as in the case of say a railway ticketing system, still BDA needs to iron out a few nitty gritties to make this system more reliable and foolproof.

Now there could always be scenarios where they jack up the price by themselves and in the heat of the moment the participants dont notice it when the auction is going on.

Further BDA’s website was not renewed by them which shows how callous the government department can be at times. Somehow they have found a way to get their website back. But even then, their certificates are not trusted by a browser like Chrome that displays this message.

ScreenHunter 01 Sep

 

With all these drawbacks, this page will show the current auctions going on.

What is important to note is that the minimum bid amount by which an increase can take place is Rs.100/sqauaremeter. Some important information about this event is specified below:

ScreenHunter 02 Sep

 

So if you are participating in the auction for a slice of the Bangalore real estate pie, Good Luck!

 

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Ezone goes into online sales mode

This had to happen someday. Kishore Biyani’s E-Zone was on an expansion spree with many outlets in Bengaluru. The Rajajinagar one was the biggest of all and the Future Group started gobbling up many more properties to open an e-zone everywhere. But what he did not anticipate is the performance of other small time players with the weapon they had against him –  ONLINE SHOPPING!

It is important to understand that when you open an physical store, it is going to cost you money. From the rentals to the employment you need to generate to keep the store going, and the miscellaneous bells and whistles like the parking space the footing of electricity bills and generator fuel and what not. Not to forget to mention the traffic jams generated due to your store, the physical store route is always the least profitable. When it came to electronic gadgets, distributors caught on to the fancy of opening their own stores a-la-ebay.

The small time players dealt everything online and slowly grew big. This included sites like the erstwhile fabmall.com which got taken over by indiaplaza.in, flipkart.com which is waiting on a potential acquisition from a bigger player like Amazon in the USA, and infibeam.com –  another suitor. Now we are not even still talking about online retailers like lootspot.com, letsbuy.com, naaptol.com, theitdepot.com and the likes who can collectively kill E-zone’s entire marketing strategy in one flat year sending it into a loss making enterprise.

Kishore Biyani being an intelligent guy has understood this issue well and has decided to offer e-zone on a platter –  so that young online shoppers who do not have the time and convenience can pick up the items they need online from the same huge store across the street. What matters then are the logistics of how to overthrow established players like flipkart.com in the longer run. E-zone’s strategy for sales has always been linking non moving products bundled into some ridiculously highly priced ‘offers’ which people with common sense can easily grasp and stay away from this store. Their products except the MRP’d ones, have always been on the costlier side of things. Given that they are entering online and the fact that Amazon is going to set up shop in India, this kind of selling strategy might fool a few people but not all those who have time and energy to search out a best deal among participating sites. Amazon can with one sweep of their hand kill E-zone’s forward thinking moves with their established presence and product lines.

Better late than never is always appreciated but unless E-zone tries to price its products competitively online owing to the fact that the factors mentioned in para number two are not there anymore as a liability, this is going to be turning out into yet another dormant online shopping portal. We have see this happening with other portals before, and E-zone is not special to get itself out of this mess. Only time will then tell whether this venture is a success or not.

 

KHB Suryanagar allotments phase 2 now announced

 

The government of karnataka has today announced the second phase of KHB Suryanagar site allotments. The advertisement is specifically for LIG and MIG houses of 550 square feet and 600 square feet respectively. These translate to roughly 30×40 and 30×50 homes. The number of LIG houses is 110 and the number of MIG houses is 68 that are still available. The payment terms are Rs. 4lacs for the LIG and 4.75 lacs for the MIG. The total value of LIG homes is Rs.16 lacs, and the MIG is Rs. 19 lacs.

The following will be the conditions of the scheme:

  1. The application process is now open
  2. Applications which are not filled properly will be summarily disqualified without assigning reasons
  3. The rules of allotment will be as per stipulated standards of the housing board
  4. If you are from specific castes like SC/ST a certificate from tashildar is required to be provided along with the application
  5. If you are from the army or other forces a certificate from the same office would have to be enclosed with the application
  6. If you are a government employee a letter from the office you work from has to be enclosed with the application
  7. If you are a handicapped person you must enclose a certificate stating your handicap from a registered government practitioner (doctor)
  8. All senior citizens have to attach a copy of their age proof or birth certificate along with application
  9. Every applicant have to provide an affidavit stating how many other properties in the state they have purchased amongst their immediate family members (if any)
  10. The last date for submitting duly filled in applications is 8th of August, 2011 at the designated bank branches
    1. Axis bank Jayanagar
    2. State bank of mysore, CBAB complex caveri bhavan
    3. Corporation Bank, SC road,
    4. Union bank of india, Navrang Circle
  11. For those who have already applied, they need to deposit the difference of initial deposit directly in the name of Commissioner, Karnataka Housing Board, Bangalore using a challan in any of the bank branches mentioned above. All prior applicants must also mention all their personal details along with previous application number, in a slip attached with the challan compulsorily. If any of the details are not mentioned, then those applications cannot be processed due to lack of information
  12. All applicants must pay the intial deposit and the fee for application in one single DD in the name of Commissioner, Karnataka Housing Board, Bangalore. Those not providing initial amount would not be considered for allotment
  13. All allotments are using lottery basis. For those unallotted members, their money (excluding fee) would be reimbursed with interest
  14. Each allottee has to pay the rest of the amount in 4 equal installments. For those who fail to pay the 4 installments as per stipulated time their allotments would be rejected summarily without assigning any reasons.
  15. Only after all successful allotees have paid their full amounts will the house absolute sale deed be executed in their name
  16. For more information you can contact the department coordinator at Suryanagar project division, Suryanagar during office hours or by telephone on 080-27803076
  17. You can also contact Chandranayak or Rajanna at 1st Floor, Cauvery Bhavan, KG Road, Bangalore during office hours or by telephone on 080-22273511-16

NOTE: For all queries on this topic, please discuss on www.khbsuryanagar.com

BSK 5th stage and Uttarahalli e-auctions announced, will BSK 6 start off this way?

Auctions have always been BDA’s golden egg netting them more than the revenues normal site allotments can actually get them. Today BDA has announced e-auctions for sites in Uttarahalli and BSK 5th stage, which adds the much needed dimension for auctions, the electronic medium.

While many people do not have time to be at the auction venues each time, some depute other people on behalf of them. However, with e-auction comes not only some bit of transparency but also participating in an auction sitting on your desk!

check out the advt in TOI below:

e-auction

What is interesting is that the initial bid per square meter is 39,000 rupees. Which means if we use conversions:

1 (square meter) = 10.7639104 square feet

This makes it Rs.3,635 per square feet, a whopping amount to pay up even for a 30×40 site (which works out to ~ 44 lakhs)

This shows BDA is clearly pushing brand bangalore and its corner site philosophy what with the FAR (floor area ratio) increased, as well as with some commercial possibilities in the offing. This then surely becomes a golden egg for both the BDA and the investors. Of course then this is only the starting price if one takes note of it and it can go anywhere between 4000 and 6000 per square feet making BDA a killing for its offering.

As the south western parts of Bengaluru improve in terms of connectivity to places like Whitefield and Electronics city, the areas have started commanding more and more money for the residential nature they offer. What then remains to be seen is how BDA goes forward into the next decade in terms of some serious thinking about long pending irritating issues like water supply, rain water harvesting, electricity supply, garbage disposal and transport facilities.

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The phenomenon – part two

I noticed this article from the times of india, which captured the essence of Koramangala through the mind of Balbir Singh, the owner of Koramangala.com.

Around 17 years ago, Koramangala was nothing short of a pocket of villages. For every small purchase, we had to drive down to Brigade Road. Instances where a Koramangalite would go outdoors after 7 pm were sparse. It was unsafe and autorickshaw drivers always refused to come to Koramangala. This place was dead," says Balbir Singh, who quit his job in the printing & packaging industry to launch the portal koramangala.com along with his wife Amrit Sethi.

Way back in 1984, if someone went out after 7pm, there was no guarantee of him returning home be it a kid or an adult. The biggest set of marshy land regions included what is now the National Games Village, and ST Bed (behind the Maharaja hotel).  Everything beyond that were just groves and groves of cocount trees which could trap an unassuming individual if he trespassed into an unending maze of no-return. From our home, we could see the Mantons crane factory (today otherwise called Raheja Arcade), and St.John’s hospital. While the first five years of my stay did not see anyone owning a television set in Koramangala, after that stage the first few black and white sets started arriving on the scene. Chitrahaar, Chitramanjari, Vartegalu, Blockbuster movies, and the famous moon mission by Rakesh Sharma – were some of the things that raked in crowds. Hordes of children descended on the only house(s) that had TVs and settled down like we were one family, with one goal – watch TV.

Open spaces, tall grasses, St John’s Hospital, service roads and, yes, cows. Nobody thought this quiet suburb would be transformed so much. It was more like a brick & mortar village with the typical ration shops around it," recollects Santhosh Kumar, an HR professional, who has been residing in Koramangala since 1984

The Koramangala club membership was a near miss for my father. To keep up the socializing habit, the membership was offered at a mere 500 bucks which those days amounted to a monthly salary of people living there. The founder members had to pitch in about 2000 bucks each with which they would build what is otherwise today called the Koramangala Club with a mind boggling membership amount running into lakhs of rupees.

The entire set of people living in Koramangala 6th Block used to play badminton, shuttle, ring, kho-kho and what not and this included all the adults in each family. Boy, it was such a pleasure to be living here. After my dad, I was the next undisputed badminton champ out here. The next ten years was sheer bliss upto 1995. The locality slowly gained ground in terms of development, and infrastructure to support the growing population was slowly being put in place. Post offices, schools, bus stops, banks, water tanks, electricity board offices, small shops to meet the grocery needs.

Some of the famous names to do business with were Krishna medicals, Vaishnavi stores for stationery (and those new famous pens and pencils), fashion center (for your clothing needs), modern stores and balaji stores (for groceries). The only good hotels years down the line were Sukh sagar, and Utsav Veg. Bethany and Neena schools were the only schools that have withstood the test of time for over 25 years now. So much so was the nostalgia that I can say I could reach my school as the crow flies (diagonally) from my home.

1995 was ushering in the software era, into india, into bangalore, into koramangala in full swing. This was the turning point for the poshness of the locality to start exposing itself. In full glory. for the next ten years. Few of the earliest names to move into Koramangala were Wipro and Infosys.

The phenomenon was now being created.

The phenomenon – part one

I always wanted to pen down this story, but time was at premium. It finally finds its way into this blog. This is not a story of a place. Its an article about the phenomenon called Koramangala and my gratitude for a chance to breathe, live and loathe it.

ScreenHunter_02 Jun. 18

The year was 1983. But we were living in 1682. The mood wasn’t exactly one of jubilation but more of an urgency. An urgency to find a place which we could call our own, in anticipation of a family which would shortly burst at its seams. With many siblings of my father yet to be married, there was never a perfect time for this shift. Our then rented home 1682, in Rajajinagar had a reason to be vacated. With burgeoning rental demands, and for reasons beyond my comprehension when I was just six, and with pressure from everyone around, we had to vacate the place.

Koramangala was neither in the city, nor was a village. At best it wasn’t even lands that belonged to the rich and powerful Reddys those days. It was more of unexplored forest, which BDA decided to tame in the name of site allotments. My father had been allotted a site for five thousand rupees. Five thousand was like a current day fifty lakh figure to him with his rather abysmal salary levels and the last thing he could do was cough up this amount for the property. He had two choices – Koramangala and Indiranagar. While he could somehow locate the former, he was afraid to go to the latter area !! :)

After a lot of discussion and math crunching all the brothers decided to pitch in for the house so that my dad could enable the change in life. This in my opinion was the beginning and end of a joint family. The beginning was one of happiness and the seeds for the end were being sown not withstanding my oblivion about it.

The nearest  bus stop to Koramangala those days (80’s era) was can-you-believe-it Diary Circle which is a good 3-4 kms away. I would say its good for a heart patient as such, but for the good-for-nothing health freaks that we are, this was way too much. This also is the sole reason why my dad and grandpa are living/lived a healthy life. They walked this distance at least for a couple to three years before the phenomenon started happening. With just six houses for the entire eight blocks of Koramangala, this was nowhere near a phenomenon in the making.

From there what happened until now is the phenomenon.

Palace road widening, GIM investments and the impacts

The road widening hooligans are at it yet again. This time they are aiming to chop off full grown trees alongside the palace road from both cauvery theatre side as well as from TV tower side. Reason is they want to make it a 10-lane road leading to the already glorious (for the wrong reasons) airport. Of course Mr.Srikantadatta being from the royal lineage wants 40 crores per acre or per squarefeet – all this while the government is already mulling whether palace really belongs to him or not in the first place. The palace itself is earning crores of money for all kinds of events and some sundry income from few roadside meters chopped off is a feather in wadiyar's money cap. Here it seems both the government and wadiyar are equally selfish to their own ends. Whether its road widening or underpass or flyover, in the name of infrastructure the government seems to be siphoning off funds here and there in mass scale. No wonder in the recent GIM, the government has sanctioned power projects alone to the tune of some 2 lac crore if i am not mistaken, and pat came the query from the high court asking for the details of such blanket approvals and what exactly were these projects. While industrialization of karnataka is not bad, mass approval of projects without any consulting agency or committee just by the chief minister is a certain invitation for trouble in the short future.

 

 

 

KHB Suryanagar 2nd phase allotment announced ! (Allottees list and other info added)

For those of you who have legitimately been thinking of owning a government allotted property in Bangalore here is some good news. The government has listed out in  Prajavani its intention to allot different types of sites/houses and apartments in KHB Suryanagar the most sought after and debated layout near Electronics city/ Anekal area.

 

(if you are looking for part 2 please click here)

 

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01 Feb. 06 22.43

The details are as given below:

  • 1633 sites are on offer which is meaningless compared to the aspirants
  • 487 built houses are on offer as well which are higher on the cost side – more below
  • 1577 apartments also on offer which might bring some succor to low income and middle income group people aspiring properties at lower pricing
  • Shopping complexes, hospital, school, playground, police station and parks are part of the layout.

Coming to the cost structure – this time its not going to come to you cheap.

01 Feb. 07 12.36

Sites:

  1. For weaker sections of society – sites are distributed at 300 rupees per sq.ft
  2. For Low income group – 500 per sq.ft
  3. For middle income group – 550 per sq.ft
  4. For HIG – 1 (god only knows who today falls in this category!) – 600 per sq.ft
  5. For HIG- 2 it totals 650 per sq.ft

Houses:

  1. For LIG a 30×40 house is 15.5 lakhs with 3.87 lacs of initial deposit
  2. For MIG a 30×50 house is 18.25 lakhs with 4.56 lacs of initial deposit
  3. For HIG – 1 a 40×60 house is 29.5 lacs with 7.37 lacs of initial deposit
  4. For HIG – 2 a 50×80 house is 43.75 lacs with 11 lacs of initial deposit

So Where do you get the application forms – Each form is Rs.50/-

The following bank branches are giving out application forms:

  • Axis Bank – Jayanagar, Sanjaynagar, BWSSB complex, Electronics city
  • Syndicate Bank – BWSSB complex, Avenue Road, Chandapura Marasuru
  • Vijaya Bank – Chandapura
  • Canara Bank – Chandapura
  • ING Vysya Bank – KG Road Bangalore branch

Phone numbers for enquiries which will never work ;-) — 9448070227, 9448671002

If you want more information and you know how to read kannada, click on the attachment below:

Last date for application forms submission is

06th March 2010

UPDATE:

I m adding the notification that appeared in the newspapers on 11/11/2010 for everyone’s benefit:

CLICK FOR LARGER VERSION:

khb

Update 2: Here is the link for the eligible allottees now uploaded onto this post.

Alternatively click on pic below for a bigger version.

01 Nov. 28 10.07

Update 3: As per information received from Pavana, the eligibility list for LIG as published on November 22nd, and MIG on November 23rd as provided below

Update 4: According to Mahesh, though, the list puts up potential allottees, the status in the list still says that these people stand in UNALLOTTED category. This may be due for update soon, and here is the official link for you to observe as often as you need.

Photos from KHB venue:  You can visit http://www.tinyurl.com/suryanagar to see photos from allotment venue.

Update 5: Photos of layout (thanks to jagadish who sent this in, click for larger versions)

 

For part – 2 please click here:

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NOTE: This blog post is updated as and when new information is available. However in some rare cases, the information here may not be as accurate as what is present in KHB website itself. Hence this information is to be used as indicative information and is put up here for the benefit of readers.

Our infrastucture experts lag by a decade – KH road flyover mess solved

Ask a small kid and he would have given the solution. Ask an old man and his wiseness would have manifested as a solution. It took the Bengaluru infrastructure experts a few years to come up with a solution to the (stupid) KH Road flyover. What is wrong with the flyover many people might ask. Well I would ask – what is exactly right?

  • Its the world’s only flyover with a signal light at the center
  • Its the world’s only flyover where a cop sits managing traffic at this signal light
  • Its the world’s only flyover which is mismanaged to such an extent that it has made proper roads crooked just because it exists
  • Its the world’s only flyover (perhaps) which can crush an entire road beneath it and the people on it to death in seconds
  • Its the world’s only flyover where the span of the column can be considered so huge to cause regular traffic jams
  • Its perhaps the world’s only flyover that looks like an X in shape!

Yes we are talking about the great Double Road flyover. Finally atleast the mess it has created has been solved to some extent by keeping things the way they must be. See for yourself: (picture courtesy TOI)

Now for some questions on this way of traffic flow:

  • Isn’t one of this enough either mission road to residency road or double road to richmond road, why both ways the traffic now needs to flow on the flyover?
  • Is that design not silly ?
  • The bigger question is whether this flyover is now required at all once you see the traffic flow :) ?
  • If they do decide next to remove this flyover, will it solve any issues if one ways are created accordingly?
  • Must a small stretch of road between richmond circle and VGP junction on double road make life hell ?
  • Will we never see architectural marvels in flyover making at all ?
  • What about the maintenance of such a flyover, what will be its state after say 10 years more ? Would you travel on it or under it ?

The issue is not with building flyovers. The issue is with people designing them and the limited scope of the needs of such a construction, that these people have in their narrow mind. Money flow aside.  Any guesses what the next great architectural marvel would be ? How about an underpass on both sides of this flyover ? Or better still a metro train running under this flyover ? Infrastructure planning is an art. Experience must speak by itself, without even a single question asked. You want an example, see for yourself the better part of Bengaluru infrastucture:

Image courtesy: BMIC – NICE

Abracadabra, and finally BDA works its CBI magic!

Today morning the magic finally unraveled itself in full glory. Without any official brouhaha. I was the first car at the Sanjaynagar traffic signal. And when the signal went green, I zoomed from that signal to hebbal – all in less than one minute. Kudos BDA, yet another feather on your infrastructure cap. Good work done.

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I just wanted to be sure that even the return journey was profitable. I left office at 5:40pm. After a hiccup of 5-7 mins at Nagawara traffic signal, I managed to reach hebbal flyover by 5:50pm. From there I clocked my drive upto Raj Bhavan and it was 12 minutes. Fantastic!

Erstwhile one had to spend about anywhere between 5 and 15 minutes in the stop and go traffic before the CBI magic box, as you drove from Hebbal, and another 5 minutes of harrowing bone rattling car breaking drive next to it.

Today it took 10 seconds to cross all of that mess. Wonderful. I can’t describe my feelings. Pictures convey more. See for yourself. :)

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