It may be informed that in a bid to monitor the idle assets and generate revenue, the state transport department had decided to lease out the excess lands in the depots of Calcutta Tramways Corporation (CTC). It is learnt that the plot was bought in 1935.
The consortium had bagged the auction for the plot in Tollygunge tram depot at Rs 180.81 crore in 2015. As per the agreement, it had given 20 per cent of the total value in two equal instalments earlier.
On Thursday, the group’s representatives handed over the draft of the 75 per cent of the amount to the state transport minister Suvendu Adhikari in Paribahan Bhawan. The remaining 5 per cent will be given as annual lease rent.
It is learnt that the group will develop a commercial cum residential buildings in the plot. The plot in Tollygunge tram depot was the largest one among all the proposed lands for lease out.
It was in 2013, when the state transport department had decided to lease out a total of around 374 cottah plots in six tram depots – Belgachia, Shyambazar, Galiff Street, Kalighat, Tollygunge and Kidderpore – as the land was surplus.