In generally the inflation impacts the cost of needs with little change, but when we come to Balapoor laddoo inflation rate need to be overwritten. One of the famous auctions of Ganapathi Laddoo in Balapur, Hyderabad is known for breaking records on every year.
Last year the Laddoo sold at record price of 9.26 lakh rupees in auction grabbed by Former Mayor and TDP leader Teegala Krishna Reddy. In continuation of breaking records this year the cost of the laddoo reached to 9.5 lakh. During an open auction Singireddy Jayendra Reddy had got the opportunity to own Balapur Ganapathi laddoo.
In recent times Vinayaka Chavithi festival witnessing real estate sector growth in Hyderabad. The entire big real babu’s spending crores of rupees to show their financial status to attain political gain.