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No impact on seven auctioned plots: AMC

Senior Ahmedabad Municipal Corporation (AMC) officials now say that since the valuation of the seven plots was done almost one-and-half years ago, the new jantri rates may not affect AMC’s plans to sell these plots at old rates as jantri rates are not the only factor on which base price for plots are fixed.

 The civic body had recently announced the auction of seven plots at a cumulative base price of Rs 499.72 crore. The process for the auction was underway when, on Saturday, the state revenue department doubled jantri rates for all areas across the city.

Senior Ahmedabad Municipal Corporation (AMC) officials now say that since the valuation of the seven plots was done almost one-and-half years ago, the new jantri rates may not affect AMC’s plans to sell these plots at old rates as jantri rates are not the only factor on which base price for plots are fixed.

The AMC had evaluated more than 20 plots, earmarked for auctions in March and April 2021, and then announced the auction of these plots in July 2021.

On May 7, 2021, an auction of an AMC final plot number 385 in Bodakdev with an area of 3,469 sq metres was held. The base price of the plot was fixed at Rs 65.21 crore, but the plot was sold for Rs 77.04 crore.

The plot was bought by a realty firm. Another AMC plot of an area of 8,060 sq metres on Sindhu Bhavan Road was auctioned to a private company for Rs 151.76 crore, but the auction was cancelled by AMC.

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