Until 2019 – last year was a dud because of Covid-19 – only a handful of societies were seen ringing in the big money, with the average limited to Rs 30,000 to Rs 50,000.
“Almost every gated community in the western corridor had a laddu auction this year. The bids started from as low as Rs 30,000 and went up to Rs 2 lakh to Rs 2.5 lakh in many cases. For the first time though, it touched Rs 5 lakh,” said Dr Sai Ravi Shanker, executive member of Cyberabad Residents Welfare Association.
The association comprises of over 45 gated communities spread across Gachibowli, Miyapur, Kondapur, Hi-Tec City etc.
For Gurupreet Kapoor,…