Thursday, 13 December 2018 »  Login
in
»
I am at

Balapur Ganesh Laddu Fetches Rs 16.60 Lakhs

The popular Balapur Ganesh Laddu broke its own record by fetching Rs 16.60 lakhs in the open auction held before the start of the Ganesh immersion procession on Sunday.
Hyderabad | 23rd September 2018
The popular Balapur Ganesh Laddu broke its own record by fetching Rs 16.60 lakhs in the open auction held before the start of the Ganesh immersion procession on Sunday.

The laddu thus got a bid of Rs 1 lakh more this year than it did last year - it was bought for Rs 15.60 lakhs last year by a Nagam Tirupathi Reddy, while this year one T Srinivas Gupta, Balapur Arya Vysya Sangam president, wrested the 21 kg sweet for Rs 16.60 lakhs from among 12 competitors in a nail-biting open auction.

The laddu auction started at Rs. 1,116, and local leaders and businessmen competed with each other to own it before Gupta outbid everyone.

The devotees of Lord Ganesha strongly believe that the sacred laddu preserves the health and wealth of the buyer. As always, the funds from the laddu auction will be spent on the development of the village, temples and welfare activities.

The tradition of auctioning the laddu started in 1994 with the formation of the Balapur Ganesh Utsav Committee. The first time the laddu was auctioned, in 1994, one Kolanu Mohan Reddy, a local resident, bought it for Rs 450. The bid amount continued to rise year after year thereafter, thanks to the winners of the laddu prospering well.

After the auction, the committee members felicitated Gupta and presented him a two kilogram silver plate along with the laddu. Speaking on the occasion, Gupta said he was very happy to own the laddu in his first attempt itself this year. He said that he would distribute the precious prasadam to the people.
filed in:  Balapur Laddu, Ganesh Chaturthi, Festivals
COMMENTS
Be the first to comment on Balapur Ganesh Laddu Fetches Rs 16.60 Lakhs! Just use the simple form below.
LEAVE A COMMENT
fullhyd.com has 700,000+ monthly visits. Tell Hyderabad what you feel about Balapur Ganesh Laddu Fetches Rs 16.60 Lakhs!
[no link to your name will appear, overriding global settings]
To preserve integrity, fullhyd.com allows ratings/comments only with a valid email. Your comments will be accepted once you give your email, and will be deleted if the email is not authenticated within 24 hours.
My name:

Dissatisfied with the results? Report a problem or error, or add a listing.
ADVERTISEMENT
SHOUTBOX!
ADVERTISEMENT
This page was tagged for
ganesh laddu
balapur ganesh laddu kgs?
hyderabad September 2018 News
Balapur Laddu news
Ganesh Chaturthi updates
Follow fullhyd.com on
© Copyright 1999-2009 LRR Technologies (Hyderabad), Pvt Ltd. All rights reserved. fullhyd, fullhyderabad, Welcome To The Neighbourhood are trademarks of LRR Technologies (Hyderabad) Pvt Ltd. The textual, graphic, audio and audiovisual material in this site is protected by copyright law. You may not copy, distribute, or use this material except as necessary for your personal, non-commercial use. Any trademarks are the properties of their respective owners. More on Hyderabad, India. Jobs in Hyderabad.