LUCKNOW: The LDA recently conducted an e-auction, successfully selling property valued at over Rs 300 crore.
Two school plots of 3,500 sqm each in Sector-N of the Basantkunj scheme were sold for Rs 14 crore each, aimed at establishing private schools to serve the Basantkunj area and nearby housing colonies under the Pradhan Mantri Awas Yojana. Additionally, a commercial plot in the Central Business District that was originally valued at Rs 51 crore fetched an impressive Rs 76 crore.
A 288 sqm plot in Sector-4 of Gomtinagar Extension, listed at Rs 95 lakh, sold for Rs 2.76 crore. Furthermore, a 4 BHK flat in Saryu Apartment, appraised at Rs 1.17 crore, went for Rs 1.73 crore. The initial auction of six plots in the Transportnagar scheme witnessed bids that exceeded the reserve prices by 25-30%. TNN
LDA Vice Chairperson Prathamesh Kumar commented, “The properties were extensively promoted and site visits were organized, resulting in increased participation from buyers.” He mentioned that allotment letters will be issued soon and project approvals will be managed through a single-window system.
Additional Secretary Gyanendra Verma verified that 50 properties were successfully sold during the auction. Officials noted that the robust response highlights a growing interest among investors in residential and commercial projects across Lucknow.
