AUDA to auction 16 plots with combined base value of ₹1,415 crore

The Ahmedabad Urban Development Authority (AUDA) expects to raise more than ₹1,415 crore through the e-auction of 16 plots across the city.

The auction includes six commercial plots in Thaltej, seven in Chandkheda, and one each in Bopal and Chandlodia. It also includes a 73,428-sq-m plot in Kathwada earmarked for township development.

The highest base rate has been set at ₹2.80 lakh per sq m for a commercial plot in Thaltej. Spread over 7,780 sq m, the plot has a base value of around ₹202 crore. AUDA officials expect competitive bidding to take the final price to around ₹300 crore.

Another Thaltej plot, measuring 5,788 sq m, has a base value of ₹150.50 crore. The remaining four commercial plots in the area have base values ranging from ₹72.26 crore to ₹121 crore.

In Chandkheda, the base rates for the seven commercial plots range from ₹1.19 lakh to ₹1.90 lakh per sq m, while their estimated base values range from ₹18 crore to ₹64 crore.

The 4,104-sq-m Bopal plot has a base rate of ₹1.12 lakh per sq m, giving it an estimated base value of around ₹46 crore. The 1,197-sq-m Chandlodia plot has a base rate of ₹1.91 lakh per sq m and an estimated value of ₹22.86 crore.

The largest parcel in the auction is the Kathwada township plot, spread over 73,428 sq m. With a base rate of ₹65,000 per sq m, it has a base value of around ₹477 crore.

AUDA plans to use the proceeds from the auction to fund development works within its jurisdiction and strengthen its finances. The revenue will also help revive projects that have been stalled due to a lack of funds, with roads and bridges expected to receive a significant share.

According to the tender notice issued on Thursday, October 13 is the deadline for submitting the required documents. DeshGujarat