Tag: auction process Mysuru

MYSURU: In a move that may quell concerns from developers, activists, and politicians regarding a potential scam in the online auction of Mysuru Development Authority (MDA) sites, approximately 118 bidders have approached the authority to finalize paperwork for auctioned sites since the start of the month. The top bidder for a 745 sqft plot in the II phase of Vijayanagar IV stage, West Mysuru, has placed a staggering bid of Rs 2 crores, while another bidder has quoted Rs 9 crores for a larger 4,133 sqft plot. Both have visited the MDA office to complete formalities. Buyers will need to…

MYSURU: In a surprising turn of events that may quell concerns among developers, activists, and politicians regarding potential fraud in the online auction of Mysuru Development Authority (MDA) sites, approximately 118 bidders have approached the authority to finalize the purchase of auctioned sites from earlier this month. The highest bid recorded was for a 745 sqft plot in the II phase of Vijayanagar IV stage, West Mysuru, which fetched an astonishing Rs 2 crores. Another bidder offered Rs 9 crores for a 4,133 sqft plot. Both bidders visited the MDA office to finalize the necessary documentation. Additionally, buyers must account…