Ghaziabad Real Estate Booms: GDA Nets ₹234 Crore in Single Day Auction

• Ghaziabad Development Authority (GDA) generated over ₹234 crore from a single property auction on January 23.
• The auction saw enthusiastic bidding for residential, group housing, and school plots, with some bids tripling the reserve price.
• Shastri Nagar and Bagwali Colony recorded exceptional bids, with residential plots reaching up to ₹2.60 lakh per square meter.
• Koyal Enclave's group housing plots alone contributed approximately ₹158 crore to GDA's earnings.
• GDA anticipates a total income of ₹429 crore from January auctions, signaling strong investment in Ghaziabad's real estate.

Why It Matters: Ghaziabad's real estate market is experiencing a significant boom, with GDA achieving record auction revenues.