Two Bodakdev plots go for 365.8cr at AMC’s e-auction

Ahmedabad: Online auctions of two commercial plots in Bodakdev have fetched the Ahmedabad Municipal Corporation (AMC) Rs 365.8 crore. The civic body had announced online auctions of 19 residential and commercial plots earlier this year, following which five plots in Bodakdev, Thaltej, Motera and Shilaj went under the hammer on Tuesday. There were no takers for the Thaltej, Motera and Shilaj plots.Final Plot No. 353/Part 1, TP Scheme 50 measuring 8,167 sq m was sold for Rs 2.52 lakh per sq m, slightly higher than its base price. The total deal value stood at Rs 205.9 crore, marginally higher than its upset price of Rs 205.8 crore.The second plot, measuring 5,085 sq m (Final Plot No. 353/Part 2, TP Scheme 50), fetched a significantly higher bid of Rs 3.16 lakh per sq m against the base rate of Rs 2.52 lakh per sq m. The parcel, located behind Mango Hotel, sold for Rs 159.9 crore against the base price of Rs 127.5 crore.The sale of both plots is subject to approval by the standing committee, which is yet to be reconstituted after the recent municipal elections. The sale process will be finalized once the new committee okays the deals. The auctions, initially scheduled for April, were postponed due to the enforcement of the code of conduct.In Jan, AMC auctioned 11 plots, generating Rs 916.3 crore against a total upset price of Rs 811.8 crore.