Hyderabad: Sun City laddu sets all-time auction record

HYDERABAD: A laddu weighing around five kilograms which was auctioned on the final day of Ganesh Chaturthi celebrations at Keerthi Richmond Villas in Rajendranagar’s Sun City on Sunday, set an all-time record for laddu auctions.
The Sun City laddu became the most-expensive laddu ever in open auctions replacing the famous Balapur laddu. The Sun City laddu was bought by residents of Richmond Villas for an eye-watering Rs 41 lakh at the open auction held on its premises.
“82 of the 179 villas on the premises took part in the open auction to buy the laddu.In 2019, the laddu fetched Rs 18.7 lakh while in 2020, Ganpati laddu was auctioned at Rs 27.3 lakh,” Abhay Deshpande, a resident of Richmond Villas told TOI. The laddu will be distributed among the flat owners, he said.
Meanwhile, a businessman K Vijayabhaskar Reddy who recently bought a flat at MyHome Bhooja in Gachibowli, bought two Ganpati laddus for Rs 18.5 lakh in an open auction, just Rs 40,000 less than the Balapur laddu. Elsewhere, the wife of TPCC working president and Sangareddy T Jagga Reddy bought a laddu for Rs 10 lakh at an open auction held by Chaitanya Yuvajana Samithi.
At other auctions, a laddu was bought for Rs 4.1 lakh by Srinivas Reddy in Vanasthalipuram while the open auction for laddu at the Mayflower Heights in Mallapur fetched a winning bid of Rs 3.16 lakh by an industrialist, Madhu.