YEIDA Secures Rs.500 Crore Investment from E-Auction

23 Sep 2024 CW Team

YEIDA auctioned 45 plots, each covering 1,000 square meters, primarily targeting corporate office developments in the region. The auction significantly exceeded expectations, raising a total of Rs.265.14 crore, which is 134% higher than the original reserve price of Rs.112.50 crore.

Key Details:

Investment Overview: The reserve price was set at ?2.50 crore per plot, resulting in an impressive surplus of Rs.152.64 crore from the total bids.

Top Bidders:

Challenger Computer: Rs.28.28 crore Alexis Global: Rs.26.64 crore Sanash Impex: Rs.25.84 crore Strategic Significance: This investment reflects growing interest in the YEIDA region, positioning it as an attractive hub for corporate expansion.

Conclusion: The successful auction not only showcases YEIDA’s potential but also indicates robust demand for commercial real estate in the area.

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