Tag: HIDCO e-auction

CommercialLatest Stories

Hidco to Auction Two Commercial Plots in New Town, Kolkata

Representative image KOLKATA: Hidco is set to conduct an e-auction for two commercial plots in the CBD area of New Town—one spanning 10 acres and the other 3.9 acres—on a freehold basis, scheduled for next month. The starting bid for the 3.9-acre plot is set at Rs 138.9 crore, while the 10-acre plot has a starting bid of Rs 353.3 crore. Authorities are currently inviting bids from qualified corporate entities. Officials have stated that changes in the intended use of the plots will not be permitted, and construction must commence within one year of land possession. Published On Jan 19,…

IndustryLatest Stories

West Bengal to Allocate 20 Acres in New Town for Development

AI-generated Representative Image KOLKATA: The Bengal government plans to release approximately 20 acres of land in New Town Action Areas II and III for various purposes including residential, commercial, and mixed-use developments. HIDCO will auction these parcels via e-auction next month. Two plots of 4.1 acres each in Action Area II and three additional plots measuring 7.3 acres, 3.2 acres, and 0.6 acres in Action Area III have been earmarked for this initiative. The starting bid for the 7.3-acre parcel is set at Rs 292.2 crore, while the smallest 0.6-acre plot starts at Rs 26 crore. Officials noted that New…