The Gujarat state's charity commissioner is set to auction two prime land parcels in the Thaltej area of Ahmedabad on Friday. Being auctioned by a charitable trust, these two plots carry a whopping Rs 312 crore base price, taking the per-square-metre cost to Rs 1.49 lakh, which is the the highest ever for any piece of land auctioned by the charity commissioner so far. The plots belong to Gujarat Institute of Chemical Technology (GICT) and are located close to the Consumer Education and Research Centre (CERC) campus near Thaltej Crossroads.
Based on a resolution passed by the trustees of GICT, the charity commissioner, Ahmedabad, invited bids for auctioning the plots. The charity commissioner received three bids till Thursday evening. Both plots are registered as open land-non-agricultural for commercial purpose in the revenue record.
The first plot is a corner one with roads on three sides and frontage on SG Highway. It measures 11,381 square metres and its base price is Rs 170 crore. The other plot is of 9,500 sq m, with a base price of Rs 142 crore.