Yesterday was the last date of dropping bids for a 2.5 acre plot at Action Area II of New Town, Kolkata, beside the Major Arterial Road. It was meant for a Retail cum Office Complex. The highest bid was Rs 51.13 crore. This is the highest ever price fetched in the recent past tenders / auctions. This works out to more than Rs 20 crore per acre or Rs 34 lakh per kottah.
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Here is a clipping from today's Times of India: