Tag: LDA e-auction

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Lucknow e-auction nets ₹425 crore in property sales

LUCKNOW: The Lucknow Development Authority (LDA) recorded property sales exceeding Rs 425 crore in its recent e-auction, with bids reaching up to three times the reserve price in various instances. For instance, a 75 sq m residential plot in Sector 5, originally valued at Rs 28 lakh, sold for an impressive Rs 1.5 crore. According to LDA vice chairperson Prathamesh Kumar, a land audit and drone survey exposed properties under illegal occupation, leading to their clearance and subsequent public bidding. In Gomtinagar Extension’s Sectors 5 and 6, 95 residential and seven commercial plots attracted bids, with 88 of them selling…

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Lucknow body to auction 300+ plots starting July 4

Sure! Here’s a rewritten version of the content: Representative Image LUCKNOW: The Lucknow Development Authority (LDA) is set to launch its e-auction portal on July 4, aiming to sell over 300 residential and commercial plots in prominent areas of the city. This initiative follows directives from LDA Vice Chairman Prathamesh Kumar. Potential buyers can register online until August 4, with the auction scheduled for August 8 through the online platform. Available plots include residential options of 60 square meters in the Basant Kunj scheme on Hardoi Road, starting at a reserve price of Rs 32,955 per square meter. The auction…