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Varanasi: The Varanasi Development Authority (VDA) has announced an opportunity for entrepreneurs and investors to acquire commercial space in one of the city's prominent business locations. Under the Dashashwamedh Area Development Foundation , the authority has opened the allotment of seven vacant shops at Dashashwamedh Plaza through a First Come, First Served (FCFS) process.
The scheme offers ready commercial units with a 90-year lease period , making it an attractive long-term investment option for traders, retailers, and business owners looking for a presence in the heart of Varanasi.
According to the official notification, the following shops are available for allotment:
| Shop No. | Area (Sq. M.) | Total Cost (₹) | Registration Amount (10%) (₹) |
|---|---|---|---|
| L1/38 | 4.09 | 13,42,256.20 | 1,34,226 |
| L2/1 | 9.49 | 30,12,316.00 | 3,01,232 |
| L2/18 | 4.73 | 15,01,396.60 | 1,50,140 |
| L2/51 | 4.73 | 15,01,396.60 | 1,50,140 |
| L2/44 | 4.13 | 13,10,944.60 | 1,31,094 |
| L2/59 | 11.05 | 35,07,491.00 | 3,50,749 |
| L2/65 | 4.73 | 15,01,396.60 | 1,50,140 |
The largest unit , Shop No. L2/59 , measures 11.05 square metres and is priced at ₹35.07 lakh , while the lowest-priced shop , L2/44 , is available for ₹13.10 lakh .
NOTICE
The commercial units are being allotted on an "As Is, Where Is" basis . Interested applicants are advised to inspect and verify all details before applying, as no objections will be entertained after allotment.
The allotment will be finalized only after approval by the competent authority. Shops will be allotted through the VDA's online allotment mechanism under the Dashashwamedh Area Development Foundation.
Applicants must follow the prescribed payment timeline:
Failure to deposit the required amount within the stipulated period may lead to automatic cancellation of allotment , with applicable forfeiture provisions.
The authority has also clarified that payments must be made only through the allottee's own bank account using NEFT, RTGS, or Demand Draft .
The allotted shops will be provided on a 90-year lease basis . Successful allottees will be required to execute the lease deed on the prescribed stamp paper and bear all related expenses, including:
The VDA notification specifies strict usage conditions for the commercial units.
The following activities and products are prohibited:
Violation of these conditions can result in immediate cancellation of the allotment.
Allottees will not be permitted to:
The shop must be maintained in the same condition as handed over by the authority.
Shop owners will be responsible for:
Any future increase in taxes or charges imposed by government or local authorities will also have to be borne by the allottee.
Interested applicants can register through the official VDA e-allotment portal and complete the application process online.
Applicants can also seek additional information from the VDA Property Section through the helpline numbers:
With limited commercial inventory available in the highly visited Dashashwamedh area of Varanasi , the latest VDA offering provides an opportunity for businesses seeking ownership in a strategically located commercial complex. The combination of a long-term 90-year lease , FCFS allotment model , and competitive pricing starting at ₹13.10 lakh is expected to attract strong interest from local traders and investors.
Businesses looking to establish a retail presence in Varanasi's busy commercial zone may find the Dashashwamedh Plaza allotment among the most notable commercial property opportunities currently available in the city.
