Ahmedabad: Ahmedabad Urban Development Authority (Auda) has netted Rs 871.2 crore from the sale of three plots in three days, with two of the deals setting new price records. A residential plot in Kathwada sold for Rs 697.5 crore, the highest-ever amount for a single plot auctioned by Auda or AMC, while a commercial plot in Thaltej fetched a record Rs 4.07 lakh per sq m.
The biggest deal came from Kathwada, where a chemical group company purchased a sprawling 73,428 sq m residential plot. The plot, which had a base price of Rs 65,000 per sq m and a total reserve value of Rs 477.2 crore, fetched Rs 95,000 per sq m. This pushed the final price to Rs 697.5 crore — Rs 220.2 crore above the base price. A 2,581 sq m commercial plot in the area was sold to a pharmaceutical company for Rs 105 crore. Against a base price of Rs 2.8 lakh per sq m, the winning bid reached Rs 4 lakh per sq m, bringing the sale value to Rs 32.7 crore above the Rs 72.2 crore reserve price. On June 18, 2024, AMC sold a 66,168 sq m plot on SP Ring Road in Chandkheda for Rs 519.4 crore. The plot had a base price of Rs 76,000 per sq m (Rs 502.8 crore) and attracted three bidders. A shopping mall company eventually secured it at Rs 78,500 per sq m, paying Rs 16.5 crore above the reserve price.
Thaltej emerged as the costliest by price per square metre While Kathwada set a record for total sale value. The Kathwada deal has also surpassed AMC’s previous record. You Can Also Check: Gold Rate in Ahmedabad | Silver Rate in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad | Ahmedabad AQI | Weather in Ahmedabad | Petrol Price in Ahmedabad | Diesel Price in Ahmedabad | CNG Price in Ahmedabad | LPG Price in Ahmedabad