Balapur Laddu Auctioned for Rs. 15,60,000

Hyderabad Sept 5: The Ganesh Immersion process in Hyderabad has started today. The procession is taking place peacefully. The famous Laddu of Balapur Auction has ended. According to tradition the possession of Ganesh starts after the auction of Laddu is completed. Every year the laddu will be acquired for the heavy price.

This year the laddu got sold for RS 15,60,000. The laddu was sold to Vision India CMD Nagam Tirupathi Reddy, last year the laddu was sold to RS 14.65 lakhs. Currently, many people believe that whoever possesses the laddu they would acquire prosperity and their family would be healthy.

speaking after the auction Tirupati reddy said that it was happy for him to acquire the laddu and this is the 25th year of an auction of laddu.