Thursday, June 27, 2013

Plot for retail market / shopping-cum-commercial complex auctioned at AA-II

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:


5 comments:

  1. Congrats on the parking lot iniative! Could we be proactive rather than reactive? Now that Sector-II is expected to witness increased activities, how about a parking lot in the CBD? It could be free for the present construction phase and converted into paid parking zone once the CBD becomes operational.

    Does HIDCO/NKDA have any clause on time-bound utilisation of the plots being allotted? If yes, does it intend implementing those rules?

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    1. I think HIDCO should construct a multi-level in New Town to reduce land wastage. Similarly IMO there should have been a multi-level Underground Parking for Eco-Tourism park. The current parking lots will get saturated in coming days and we should not waste more and more greenery in building parking lots.

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    2. Correct. HIDCO should be more judicious in space management to reduce land wastage at New Town with adequate future provision till 2032 with an objective to take care of early saturation threat. So, a multi-level (vertically upward like high rise) underground parking zone covering less space will be a good proposition what is being followed in super malls in all metro cities due to space constraint.

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  2. And to add to the parking lot specific comments, I hope that the AA-II auctioned plot also has enough parking. I don't know what makes the promoter thing that people would spend money on the malls/ multiplexes but arrive there in a hired vehicle or public transport.

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