The civic body has decided to auction seven plots in Bodakdev, Thaltej, Vastral and Nikol areas in the coming weeks. Ahmedabad Municipal Corporation (AMC) has clarified that it will charge 18% GST on the sale of the plots totaling Rs 499.72 crore.
The corporation issued an e-auction notice. The AMC auction involves a 99-year lease, so buyers who buy these plots will have to pay 18% GST as per norms. In all, GST of Rs 90 crore will have to be paid.
In the auction announced on the Bodakdev plot has been reserved for commercial purposes with a base price of Rs 2.28 lakh. The cost of this plot will be Rs 172.75 crore, which is the highest base price so far. In Thaltej’s T, a large AMC plot of 9,822 sq m will be auctioned for residential purposes. The price has been fixed at Rs 1.77 lakh with a total cost of Rs 174.63 crore.
A smaller Thaltej plot of 1,098sq m with a base price of Rs 1.4 lakh will also be auctioned. Apart from this, three plots in Vastral and one in Nikol will be put on sale. Recently, the AMC admitted that its financial condition was not good and required Rs 600 crore to take care of incidental expenses and carry out a few developmental works.