Yesterday was the last date of receiving bids for tender / auction for a plot of land of area 2.50 acres in Action Area II of New Town Kolkata. The plot has a frontage on the Major Arterial Road to Airport, and is close to the second sharp bend near the sixth intersection, close to the Diplomatic Enclave. A prime plot, it fetched a highest bid of Rs. 57.33 crores. Converted this amounts to Rs 23 crore per acre, or Rs. 38 lakhs per kottah or Rs. 56,666 per sq metre or Rs. 5,264 per sq ft. This is perhaps the highest bid that Hidco received;, an earlier bid having fetched Rs 51 crore but which didn't materialise finally. We wait to see if this does.
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I took a session yesterday at the ATI (Administrative Training Centre) with the new batch of IAS officers who have just been allotted the state. I spoke on Urban Development in West Bengal.
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Here is a clipping from yesterday's Khabar 365: