Around 20 bidders pitched for the nine survey numbers (a total of 102acres and three guntas) in Anekal, Bangalore North and South Taluks. While Anekal and Bangalore North received good prices,the Department officials were vocal about their disappointment at the low prices the two sites in Bangalore South (both in Tavarekere Hobli) fetched. All the nine sites went at prices lower than what the Department quoted as expected price.
Officials in the Department reasoned that Tavarekere Hobli was never quite high on prices. They added that considering that the winning bids were low,re-auctioning of the two sites was likely.
“We have just held the auction. The acceptance or rejection of the final bid rests with the State government,” said Shantappa B C,Special Deputy Commissioner (Enforcement).
Bidders
Individuals, representatives of educational and healthcare organisations as well as builders — including Ranka International and North Gate — participated in the auction.
Umrah Developers bagged four of the nine sites, a total of 26 acres and20 guntas,at a total bid of Rs17.23 crore.
A survey number measuring 16 acres and 22 guntas in Singena Agrahara fetched the biggest price:Rs10.4 crore.
The officials maintained that the Department had fixed an average price of around Rs 1 crore per acre,loosely based on the existing guidance values. The biggest stretch of land to come under the hammer —33 acres and 20 guntas at Yalachiguppe, Bangalore South — fetched a paltry Rs 2crore.
Sites in green belt
Of the nine survey numbers that went under the hammer, four are in the green belt. However, the Department chose to lookahead. “Even in the green zone,there are provisions to start units if they are related to certain fields, including health and education. In that case, the developer or builder can approach the BDA or the planning authority concerned, and change the land use,” Mr Shantappa said.
The auctions will continue till April 30 (barring April 29, Sunday) at the Deputy Commissioner’s office on K G Road, from 11am.
Thursday’s auction:total of 59 acres and 2.5 guntas in Bangalore East, North and North (Additional) Taluks.
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