India, April 10 -- Just bids ?

It may be recalled, in the first e-auction of sites held in August-September 2025 after the formation of MDA, a 20x30 ft. site in Vijayanagar was bid for Rs. 2 crore. However, the winning bidder of the site could not make the mandatory 25 percent payment and the bid was cancelled. Many say layout developers are purposely making ridiculous bids to create a perception that the real estate market in Mysuru is 'HOT' and in turn keep the prices in city high. Some others say only certain sites are getting big bids for vastu.

Mysore/Mysuru: A 30x40 ft site in Dattagalli fetched Rs. 1.71 crore while another in Vasanthnagar was sold for Rs. 1.04 crore during the Mysuru Development Authority (MDA) site e-auction hel...