<img src="https://static.gujaratsamachar.com/content_image/content_image_1d117b17-7553-44ba-844c-63991592c947.jpeg" data-filename="content_image_8739db86-8ed5-43db-b38f-495b914a97c7.jpeg" style="width: 100%;"> A multi-level parking and commercial property with eight floors was built on Prahladnagar Road four years ago at a cost of ₹93 crore, including parking facilities.&nbsp;However, despite such massive expenditure, the municipal authorities have failed to attract buyers. Now, an e-auction will be held for the third time on April 21 and 22.The multi-level parking complex consists of 20 shops and 78 offices. Amdavad Municipal Corporation (AMC) administrators had even expressed willingness to sell an entire floor if a buyer was interested. However, not a single buyer evinced interest in purchasing any floor.&nbsp;In 2019-20, AMC approved construction of an eight-storey multi-level parking facility on Prahladnagar Road. Built over 6,840 square metres, it includes two basements, a ground floor, and eight floors with parking space for 404 cars and 474 two-wheelers.In 2022, the price of the property was set at ₹4.93 lakh per square metre, but due to the high cost, there were no buyers. The Price Determination Committee later revised the rate in 2023, lowering it to ₹3.96 lakh per sq m. Shops and offices are located on the ground and first floors, as well as from the fifth to eighth floors.Despite two previous e-auctions, the municipal corporation failed to attract buyers. Now, for the third time, authorities have begun preparations for another e-auction in an attempt to sell the parking property.Floor-wise rates<style>
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 <table style="text-align: left;">
 <tbody><tr>
 <th>Floor</th>
 <th>Area (sq m)</th>
 <th>Upset value (per sq m)</th>
 </tr>
 <tr>
 <td>Ground</td>
 <td>1785.22</td>
 <td>2,70,500</td>
 </tr>
 <tr>
 <td>First</td>
 <td>1895.73</td>
 <td>2,31,800</td>
 </tr>
 <tr>
 <td>Fifth</td>
 <td>3237.62</td>
 <td>1,28,800</td>
 </tr>
 <tr>
 <td>Sixth</td>
 <td>3237.62</td>
 <td>1,28,800</td>
 </tr>
 <tr>
 <td>Seventh</td>
 <td>3237.62</td>
 <td>1,28,800</td>
 </tr>
 <tr>
 <td>Eighth</td>
 <td>3238.12</td>
 <td>1,22,050</td>
 </tr>
 </tbody></table>
Also read:<a href="https://english.gujaratsamachar.com/news/gujarat/prahladnagar-multilevel-parking-adds-to-amc-failure-list-with-no-takers" target="_blank">Prahladnagar multilevel parking has no takers, adds to AMC's failure list</a>

A multi-level parking and commercial property with eight floors was built on Prahladnagar Road four years ago at a cost of ₹93 crore, including parking facilities.

Prahladnagar multi level parking gets no takers e auctions scheduled next month

Prahladnagar

Prahladnagar 8-floor parking finds no buyers in 4 years, e-auction now planned on April 21, 22

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