Balapur laddu bids for Rs.17.60 lakh

Fri 13 Sep 2019, 10:12:44
The auction of popular Balapur Ganesh laddu on Thursday ended at a staggering Rs 17.60 lakh, exactly Rs 1 lakh more than what the laddu had fetched last year. The successful bid was made by Kolan Ram Reddy, a local farmer, and this is the ninth time that Reddy returns home with the laddu.

Balapur Ganesh Utsava Samithi on Thursday morning commenced the auction at a base price of Rs 1,116 and within minutes, the bids crossed thousands and ran into lakhs.

Ram Reddy said the laddu prasadam would be distributed to people in Balapur area and sprinkled in the farmland. “We were ready to bid till Rs 20 lakh but could get the laddu at Rs 17.60 lakh,” he said.

The auction was attended by Education Minister P Sabitha Indra Reddy and for the first time, it witnessed the participation of a bidder, GVK Reddy, from Nellore of Andhra Pradesh, as well. The samithi said the auction amount would be used for various developmental activities in Balapur area.

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