BANGALORE: Bidders make a killing in land auction
PUBLISHED 29 April 2007
Nearly 45 per cent of the government’s encroached land auctioned on Saturday fetched prices less than the guidance value. On the whole, 254 acres of land was auctioned for a mere Rs. 71.50 crore.
Though the remaining 140 acres of land fetched a little above the guidance value, bidders made a killing as the price they quoted was much below the market value.
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