The record
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- The Ganesh laddu auction at Keerthi Richmond Villas in Hyderabad raised 1.01 crore rupees this year, which is less than half of last year's 2.32 crore result.
- Residents attribute the decline to anxiety over potential land acquisition for the Gandhi Sarovar project, which threatens dozens of homes in the gated community.
- Over 25 families stayed away from the auction due to these concerns.
- Proceeds from the auction are typically used by the RV Diya Charitable Trust to support students, patients, and local welfare programs.
Who said what1
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Anonymous villa owner
1 quote · 1 outlet
“These 27 villa owners who used to make significant contributions to the laddu auction every year stayed away this time. The laddu was auctioned for Rs 1.01 crore”
In the article
…in previous years, the residents were not that enthusiastic about participating in the laddu auction this year as 27 villas were facing the threat of land acquisition for the Musi Riverfront Development Project. “ These 27 villa owners who used to make significant contributions to the laddu auction every year stayed away this time. The laddu was auctioned for Rs 1.01 crore ,” he said. Around 60 to 80 owners came together and formed four groups to bid for the laddu. Each group member contributed their committed bid amount in the auction. Another reason for such a low bid has been…
Coverage1
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Named India · Keerthi Richmond Villas · RV Diya Charitable Trust · Gandhi Sarovar · Government of Telangana · Musi Riverfront Development Project · Revenue Department · Shaktiman Group
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