‘Hi-tech’ Hyderabad sweetens laddu auctions, highest bid at Rs 5.1 lakh | Hyderabad News

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HYDERABAD: The traditional laddu auction got an expensive makeover this Ganesh Utsav, with bids across multiple residential societies shooting past the Rs 1.5 lakh to Rs 2 lakh-mark. Leading the way were upscale gated communities in Hyderabad’s IT corridor where the highest winning bid, as on Saturday, stood at Rs 5.1 lakh.
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.
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