ahmedabad the eauction of 15 ahmedabad municipal corporation amc plots has been cancelled sources claim that bidders who had participated were offering as low as rs 300 to rs 500 more than the quoted base pricewe have held back the eauction till the real estate market warms up the time and date will be decided when demand scales apart from low bidding amounts not many players were there to ensure competition so we called the eauction off said a senior amc official the civic body had put up 15 plots on sale of which only two had been sold till now earlier the amc had extended the auction registration time limit of other plots to july 1among the 15 plots which were put on auction there were three plots in thaltej four in bodakdev two in nikol three in vastral and three plots in narodahanspurakathwada areasearlier in may a plot in bodakdev had fetched amc rs 7704 crore as many as 17 bidders had participated in the auction which measured 3469 square metres the minimum price of the plot was fixed at rs 188 lakh per square metre totalling rs 6521 crore amc got rs 7704 crore which was 1182 crore more than the fixed pricein the following month another prime plot in bodakdev area fetched amc rs 15176 crore only two bidders had participated in this auction amc had bagged rs 22881 crore from sales of these two plotsfor now we have suspended eauction the auction will be held shortly as some of the promising budgeted projects worth rs 320 crore have been put on hold and will be taken up if we can manage some money for them from the plot sales said a senior amc official