The Bangalore Development Authority (BDA) has secured Rs 2,097 crore through the e-auction of a 52-acre commercial land parcel in Konadasapura off Old Madras Road, marking one of its largest single land monetisation exercises to date. The proceeds exceeded internal estimates by nearly Rs 468 crore, signalling robust developer appetite for strategically located commercial assets in the city’s eastern growth corridor.
The Konadasapura site attracted five bidders, including prominent national developers, and witnessed more than 20 rounds of competitive bidding before Hyderabad-based Srini Nirmana Private Limited emerged as the highest bidder. The winning price works out to roughly Rs 98,466 per square metre about Rs 40 crore per acre reflecting strong confidence in Bengaluru’s commercial expansion beyond its established central business districts. Urban planners say the Konadasapura land auction underscores the eastward shift of development momentum, driven by connectivity improvements and proximity to Whitefield and the Hoskote industrial belt. The parcel benefits from frontage along an 80-foot-wide road and access to the Hoskote Whitefield corridor, factors that significantly enhance its commercial viability. Interestingly, while the large-format plot drew intense competition, two smaller adjacent parcels failed to attract bids. Market observers suggest that developers currently prefer scalable land banks capable of supporting integrated commercial or mixed-use developments, particularly in a city where land assembly is increasingly complex.
The Konadasapura land auction also marks a strategic pivot for the BDA. Traditionally focused on residential layouts and site allotments, the authority is now leveraging commercial land monetisation to strengthen its balance sheet. Officials indicate that auction proceeds will be channelled into major infrastructure projects, subject to state government approval. The agency has set an ambitious resource mobilisation target of Rs 10,000 crore by the end of FY2026. This includes revenues from land and residential site e-auctions, collections linked to the Dr Shivaram Karanth Layout, sales of flats and villas, civic amenity sites, and provisions under Section 38(D) of the BDA Act for regularisation of certain properties. From a broader urban development perspective, the Konadasapura land auction reflects how planning authorities are increasingly relying on market-driven mechanisms to finance city infrastructure. However, urban economists caution that such monetisation strategies must be aligned with long-term spatial planning, transit integration and climate resilience goals.
As Bengaluru continues to expand eastward, the scale and pricing achieved in the Konadasapura land auction may serve as a benchmark for future public land disposals. The coming months will reveal how effectively the capital raised translates into tangible infrastructure upgrades that support inclusive and sustainable urban growth.
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