...
...
Next Story

Indian businessman pays Rs 60 crore for unique Dubai number plate

An Indian businessman has paid around Rs 60 crore at an auction to grab a single-digit car registration plate in Dubai, feeding a passion for “unique” number plates.

Updated on: Oct 9, 2016, 20:44:00 IST
By , Dubai
Prefer HTon Google
Advertisement

An Indian businessman has paid around Rs 60 crore at an auction to grab a single-digit car registration plate in Dubai, feeding a passion for “unique” number plates.

Dubai-based Indian businessman Balwinder Sahani, centre, during an auction in Dubai. (AFP)
Dubai-based Indian businessman Balwinder Sahani, centre, during an auction in Dubai. (AFP)

Balwinder Sahani, who owns a Dubai-based property management company, spent AED 33 million (around Rs 60 crore) on the “D5” number plate, in an auction organised by the road authority, Gulf News daily reported Sunday.

“I have collected 10 number plates so far and I am looking forward to having more. It’s a passion. This number will go to one of my Rolls-Royces,” he said.

The daily said more than 300 bidders participated Saturday in the auction, which is organised every two months. Eighty special numbers were on offer.

Auctions for “unique” car plates have become a fashion in the glitzy United Arab Emirates with auction organisers frequently netting millions of dollars.

 
Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.
Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe