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Salt Lake plots set to break all records

January 7, 2016 | By

Plots in Salt Lake and New Town are riding high on land blast. The state urban advancement office will sell four more business plots in Salt Lake with a base offering cost of over Rs 1.5 crore for each cottah. The estimating is tuned in to the 9-cottah business plot in Salt Lake JC Block that brought a record Rs 16 crore, at Rs 1.78 crore a cottah, in December.

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The new plots, which will be given on a 99-year lease, covering a sum of 169 cottah. The plots are situated at BF-158 (48.295 cottah), CA-222 (58 cottah), CF-367 (54 cottah) and JC-19 (9 cottah).

By authorities, the resident won’t have the capacity to roll out any improvement of utilization of the plot other than the reason with which the plot will be unloaded. The tenant ought to likewise begin development inside of six months of getting ownership.

Recently, the state government has been rolling out improvements in the way of the township, which was once grown predomitantly as a neighborhood for the white collar class. Presently plotowners in the township can utilize a piece of their homes for 60 distinctive sort of business employments.

In New Town, four business plots will likewise go under the mallet this month-end. Hidco will direct the e-closeout to distribute plots for IT, retail, instructive organization and other business purposes.

Hidco has been bringing tremendous incomes by e-unloading plots on a lease-hold premise. In the most astounding ever arrive closeout in New Town as such, a 2.5-section of land plot for a retail-cum-office complex brought Rs 51.13 crore. The plot, evaluated at more than Rs 20 crore for every section of land, or Rs 34 lakh for each cottah, softened all area deal records up New Town in 2012.

It was Hidco that had initially begun the arrangement of offering plots through e-closeout in New Town to get more straightforwardness in the offering process. The whole e-closeout procedure is regulated by quality controllers and the offering is done in a way where the bidders are given passwords and requested that put in advanced marks to keep any phony. The main such plot that Hidco had sold through e-closeout had brought Rs 10.10 crore.

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