Ahmedabad civic body auctions 8,060 sq metres plot in Bodakdev

​Senior AMC officials said that a developer firm Shresht Infrastructure group, had bagged the deal. Earlier on May 7, a nearby plot admeasuring 3,569 square metres was sold to a developer group for Rs 77.04 crore.

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On Tuesday, AMC auctioned a prime 8,060 sq metres plot in Bodakdev for Rs 151.76 crore. This is the highest bid for a single plot that AMC has been able garner in an e-auction.

Senior AMC officials said that a developer firm Shresht Infrastructure group, had bagged the deal. Earlier on May 7, a nearby plot admeasuring 3,569 square metres was sold to a developer group for Rs 77.04 crore.

As per an AMC press release, Shreshth had bid Rs 1.88 lakh per square metre for the Bodakdev plot and paid Rs 24.18 lakh more than the base price set by the AMC for the entire plot. “There were two bidders for the plot,” says the senior AMC estate department official.

“These are commercial plots for sale. In fact there are 13 more plots which will be auctioned on July 1,” says the senior AMC official. “In these pandemic times when we have to raise money for infrastructure such strategic sales are vital. We have been successful in auctioning two of the 16 plots and we are hopeful that the 13 others will find takers,” says a senior AMC estate department official.

Last year on February 7, the AMC had aimed to raise more than Rs 700 crore through the e-auctioning of five plots in the city. But it could manage to raise just Rs 306 crore back then.

“In the February auction last year we auctioned off two plots, one on Sola Road and another in Nikol. The Sola Road plot was sold to Avenue Supermarkets, of Thane, which operates the D-Mart brand,” says a senior AMC estate department official. Avenue supermarkets had bid Rs 64.69 crore or Rs 1.08 lakh per sq m, against the base price of Rs 51.37 crore or Rs 86,000 per sq m.

The plot in Nikol was auctioned to A V Builders for Rs 28.23 crore or Rs 77,700 per sq m, against the base price of Rs 20.75 crore or Rs 57,120 per sq m.

Two plots went unsold at e-auctions on Friday.

A 13,222 sq m plot off the posh Sindhu Bhavan Road — where commercial plots have sold for prices between Rs 1.7 lakh and Rs 2.5 lakh per sq m last year — did not get any bids.