Latest news with #HousingFair
Hans India
20-06-2025
- Business
- Hans India
BDA slashes initial deposit by 50% for flats, sites and villas
Bengaluru: In a major relief to property buyers, the Bangalore Development Authority (BDA) has reduced the initial deposit amount by 50% for purchasing residential flats, plots (sites), and villas in its developed layouts across the city. Previously, buyers from the general category were required to pay 25% of the total property value as an initial deposit, while those from Scheduled Castes and Scheduled Tribes (SC/ST) were required to pay 10%. With the revised decision, the new initial deposit now stands at 12.5% for the general category and 5% for SC/ST applicants. This move comes after the BDA had hiked the initial deposit amount from May 1 of this year, which led to a significant drop in demand. Earlier, BDA was recording 5–6 online bookings per day, but post the increase, there was a visible decline in interest. Many customers had raised concerns that paying 25% upfront was financially burdensome and made it difficult to secure housing loans from banks afterward. Responding to public feedback and financial challenges faced by prospective buyers, BDA has now reverted to its previous rates to ease the buying process and encourage more home ownership. To promote the revised offer, BDA will be organizing a Housing Fair on June 21 from 9 AM to 5 PM at its Kaniminike Housing Complex. Various nationalized banks will be present at the venue to assist customers with loan facilities on the spot. Dr. A. Lokesh, BDA Financial Member, stated that the reduction in the initial deposit will help lessen the financial burden on buyers and boost housing sales. He confirmed that the deposit amount was reduced following strong public initiative is expected to revive interest in BDA properties and make them more accessible to a larger section of the population.
Yahoo
20-03-2025
- General
- Yahoo
Bloomington Housing Fair provides resources for all housing needs
BLOOMINGTON, Ill. (WMBD) — In the same place you can get a cup of coffee or a new pair of shoes, people at a local mall were given something you don't see everyday. The city of Bloomington held a Housing Fair in Eastland Mall on Wednesday to offer avenues and resources to people to have a safe place to live. 'We have folks here that are looking to purchase a home, looking to rent, looking for housing, rehab, if they're unhoused, really the full gamut of services that are related to housing,' said Willam Bessler, the city's grants manager. Several tables were lined up in the mall that ranged from veterans services to education to the Salvation Army. With Home Sweet Home Ministries currently leading the charge in the mission to mitigate homelessness in the city with the potential shelter village, this fair is another way the non-profit is able to connect with anyone who needs housing. Connect Transit and non-profit in negotiations for shelter village 'It's wonderful because it just gives people an opportunity to get connected to different resources,' said Courtney Hayes, housing navigator for Home Sweet Home Ministries. 'If I don't have the answer, then maybe someone else does.' Every vendor at the housing fair had the same wish. 'Everyone to have a roof over their head,' said Kimberly Massey, president of God's Mission Ministry, a street outreach group in Bloomington. 'Everyone deserves it. No matter the mental health, no matter the addiction, no matter the trauma or the story behind what got them there, we believe that everyone deserves to be housed.' To learn more about what the fair was about, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
