Udaipur’s Urban Improvement trust (UIT) conducted an auction for six residential plots today and received more than 1 crore rupees value out of five plots. The series of auctions will continue till 31^st May wherein both commercial and residential plots situated in different areas will be auctioned.

On the first day today, out of 6 plots that were kept on auction, five plots were purchased for a gross value of Rs. 1,06,91,000.

Out of three plots located at hiran magri sector 9, one plot was auctioned on the rate of Rs.1657 per sq ft with the total land area being 2360 sq ft. In sector 14 block D, four plots were auctioned at Rs 2724/sq ft, Rs 3001/sq ft, Rs 2362/sq ft and Rs 2551/sq ft rupees per sq ft.

All auctioned plots are residential. Rs.1400 per sq ft was the opening rate of auction.

8 more residential lands plots in Sukher, Chitrakoot Nagar and Bhuwana will be auctioned tomorrow. On Friday, 6 commercial lands at the starting rate of Rs.2000 per/ sq ft will be auctioned.

UIT official informed that one fourth part of the actual amount has to be deposited by tomorrow or the deal will be void.