KOLKATA: The Housing Infrastructure Development Corporation (Hidco) has again reaped rich harvest by selling off commercial plots in Rajarhat New Town through e-auction. The authorities have fetched a total of Rs 10.81 crore by selling two plots.
The authorities had invited offers for the plots in April this year. The e-auctioning took place on Wednesday. One plot, covering an area of 39.79 cottah, has fetched Rs 9.55 crore. The other one at Action Area I, covering 6.3 cottah, was sold for Rs 1.26 crore.
The response was very encouraging for the authorities, who have recently put up around 5 acre combining three plots in different places of Action Area- II and III for auctioning. The authorities have invited applications from bidders for a 2.5-acre retail-cum-shopping and office complex, a 1.13 acre for an educational institution and another 1 acre for an office complex. The plots will be given on a 99-years lease. The authorities are expecting a huge response for the 2.5 acre plot, as it was only last year that a similar plot broke all land-selling records after it was sold for a whooping Rs 51.13 crore.
The authorities had earlier decided that all the plots in the township will be sold through commercial bidding only. Many of the plots have been put for e-auction, as officials feel that this would bring in more transparency in the bidding process. The entire e-auction process is supervised by quality controllers and bidding is done in a total transparent way. The bidders are given passwords and asked to give digital signatures. The process to bid others takes place online so that no malpractice can take place. In the first such land selling process through e-auction earlier last year, the authorities had sold a 2-acre plot for a 10+2 high school that fetched Rs 10.10 crore.
Source: The Times of India