The Karnataka Housing Board (KHB) has set a minimum price of Rs 88 lakh for a 2-BHK flat in its upcoming apartment complex at Surya Nagar 1st Phase on Chandapura-Anekal Main Road in southern Bengaluru.
This price is nearly three times higher than what the board charged for a similar project four years ago, raising concerns about the KHB’s focus on high-end housing contradicts its founding mission of providing affordability.
However, officials defend the pricing, describing it as a luxury project that is still competitively priced compared to private developments. Earlier this week, the KHB announced plans to construct 90 flats in the new project.
A 2-BHK at, with a super built-up area of 1,340 sqft, is priced at Rs 88 lakh, while a 3-BHK at (2,200 sqft) is pegged at nearly Rs 1.6 crore. The project is situated about 5 km from the Bommasandra metro station.
Officials cited high land values in the area, estimated at Rs 10,000 per sqft, as a key factor driving up costs. “We are offering amenities on par with reputed private developers. For similar projects, private builders are quoting Rs 1.5 crore for a 2-BHK at. Unlike market practices, there are no hidden charges here.”
The KHB has previously built two apartment complexes in Surya Nagar. In 2007, it constructed 1,537 ats, followed by a project in 2021 that included 384 ats. Four years ago, the prices were significantly lower, with a 2-BHK priced at Rs 30 lakh and a 3-BHK at Rs 47 lakh. Officials noted that rates could not be increased for the 2021 project due to prior advertisements.
