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Kolkata: After successful e-auction of 5.6 acres of land parcel Alipore For receiving bids of Rs 400 crore for a 6.2-acre plot and Rs 203 crore for a housing project in Rajarhat earlier this year, Hidko Now has come up with a plan to e-auction 7.4 acres of land BL Saha Road In Tollygunge,
The authorities have fixed the initial bid at Rs 125 crore at Rs 17 crore per acre. The e-auction has been scheduled on January 11.
The state intends to auction the plots on a 99-year leasehold basis Residential Use. Authorities may consider renewal or extension of lease period beyond 99 years with new terms and conditions as per the land allotment policy of the government.
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