After backlash, Bangalore Development Authority rolls back hike on initial deposit for flats & villas
Bengaluru: Bangalore Development Authority (BDA) has rolled back its earlier decision to hike the initial deposit amount required for purchasing its residential units. The revised rates are now in line with what was charged before May 1, 2025.
The decision comes in the wake of sustained complaints from the public, who found the increased deposit requirement unaffordable and a barrier to accessing home loans. The initial deposit — collected at the time of booking flats, sites, or villas developed by BDA — was doubled earlier this year, citing high demand. However, the move drew sharp criticism and led to a visible drop in bookings.
Until recently, general category applicants were required to pay 25% of the property's total cost upfront, while SC/ST community members were charged 10%.
With the latest revision, general category buyers will have to pay 12.5% as initial deposit, while SC/ST applicants will pay 5%, returning to the pre-May 1 rates.
"There was a sharp decline in online bookings after the rates were increased. Many prospective buyers found it difficult to arrange such large sums on short notice, especially when bank loans can only be accessed after the initial payment is made. We've now restored the earlier rates based on public feedback," said a senior BDA official.
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The official added that flats and houses remain in high demand, but the hike became a deterrent, particularly for the middle-income and economically weaker sections. Buyers pointed out that paying 25% upfront left them with limited liquidity and made them ineligible for loans from financial institutions, as they already had invested a substantial amount without formal loan sanction.
BDA is also making renewed efforts to attract buyers. As part of this, it will host a flat expo at the Kaniminike Housing Complex on June 21, from 9am to 5pm, where available units will be showcased. Officials expect a strong turnout, especially with the rollback in deposit rates in effect.
This move is expected to revive demand and restore public confidence in BDA's housing projects, many of which are located in fast-developing corridors of the city.
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