Ahmedabad: In a windfall for the Ahmedabad Urban Development Authority (AUDA), 17 shops put up for auction were sold for a total of Rs 10.78 crore — more than double the base price of Rs 4.62 crore.The auction, held on June 26 and 27, included 12 shops from the Zundal Urban Poor Housing Scheme and five shops from the Motera-Koteshwar Urban Poor Housing Scheme. The base price for the shops ranged from Rs 16 lakh to Rs 33 lakh.The five shops in the Motera-Koteshwar scheme, initially priced at Rs 16–17 lakh each, were sold at significantly higher rates between Rs 48 lakh and Rs 58 lakh — fetching 186% to 228% more than the base value.Similarly, the 12 Zundal scheme shops with a base price of Rs 29–33 lakh each went under the hammer for Rs 61–79 lakh apiece, achieving returns of 97% to 136% above the reserve price.AUDA officials said the final decision on allotting these shops to successful bidders will be taken in the upcoming board meeting.
