Vadodara: The Vadodara Municipal Corporation (VMC) has announced the auction of nine prime plots located in the Sama and Harni areas of the city. These plots, acquired under the Town Planning (TP) schemes, are designated for commercial, hospital, and residential purposes. The auction aims to boost the corporation’s revenue in the upcoming financial year.

Six of the plots are located in Sama, while three are in Harni. The total minimum upset value for these nine plots has been set at ₹338 crore. The VMC anticipates generating at least this amount if all plots are sold successfully.

Key Auction Details:

• Deposit: Participants must deposit ₹10 lakh to participate in the auction.
• Deposit Deadline: The deadline for submitting the deposit is March 24, 2025.
• Auction Date: The public auction will be held on April 4, 2025, in the VMC’s conference hall.
• Highest Bidder Wins: The plot will be awarded to the highest bidder.

Additional Residential Plots Auction:

In addition to the nine main plots, the VMC will also auction four sub-plots in Sama TP-11, designated for residential use. The average minimum upset value for these plots is ₹82,000.

Key Details for Residential Plots:

• Deposit: A ₹10 lakh deposit is required.
• Deposit Deadline: The deposit deadline is April 24, 2025.
• Auction Date: The auction will take place on April 23, 2025.

Plot Specifics:

• Harni: Three plots in Harni TP Scheme No. 1, designated for commercial use, have a minimum upset value of ₹1,20,000 per square meter.
• Sama: One plot in Sama (Ex) TP-11, designated for educational and healthcare purposes, has a minimum upset value of ₹42,500 per square meter after a 50% concession.
• Residential Plots: The five residential plots in Sama have a combined minimum upset value of ₹6.10 crore.
• Commercial Plots: The three commercial plots have a combined minimum upset value of ₹326.95 crore.
• Hospital Plot: The single hospital plot has a minimum upset value of ₹6,08,60,000.

Revenue Expectations:

The VMC expects to generate significant revenue from these auctions. The total minimum upset value for all nine plots is ₹338,83,93,900. The final revenue will depend on the bids received, with any amount exceeding the minimum upset value adding to the corporation’s income.

The results of both auctions will determine the total number of plots sold and the overall revenue generated for the VMC. The corporation is counting on this revenue to meet its budgetary targets for the 2025-26 fiscal year.