LUCKNOW, May 14 -- The Lucknow Development Authority (LDA) has launched an e-auction for nearly 475 properties worth around Rs.3,000 crore, including 149 residential plots in Gomti Nagar Extension and Basant Kunj schemes. The online portal is open till May 28, according to an official release issued on Wednesday.

LDA chairman Prathamesh Kumar said applicants can take part in the auction after depositing 10% of the reserve price as earnest money deposit (EMD). He said residential plots ranging from 25 square metres to 300 square metres have been offered in key locations across the city.

A key attraction in the auction is 12 newly planned residential plots in Sector-6 of Gomti Nagar Extension, developed on land reclaimed through a land au...