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Goshree: highest bid quotes at Rs. 3.13 lakhs

By Our Staff Reporter

KOCHI, MARCH 30. In one of Kerala's biggest land deals, the Goshree Islands Development Authority (GIDA) hopes to net Rs. 38 crores through the sale of 14 acres of prime property north of the Marine Drive.

The global bids for the sale of over 53 acres of GIDA land which were opened today saw the highest bidder quoting Rs. 3.13 lakh per cent for what could be Kerala's most precious piece of real estate - a 5.37-acre plot of reclaimed land facing the Kochi backwaters.

GIDA had floated tenders for the sale of a total of 53.54 acres of land. The bidders were given the option of bidding either for the entire extent of land or for various plots. The plots were divided into A (5.37 acres), B (4.16 acres), C (17.01 acres) and D (27 acres); C1 (9.36 acres) C2 (7.65 acres), C3 (four acres), C4 (five acres), C5 (8.01 acres). D1 (15.65 acres), D2 (11.35 acres), D3 (nine acres), D4 (nine acres) and D5 (nine acres).

The Greater Cochin Development Authority (GCDA) and the city-based Human Healthcare and Research Centre were the two bidders for the entire extent of land. GCDA quoted Rs. 1.96 lakhs per cent, totalling a commitment of about Rs. 100 crores. However, GCDA has not made the earnest money deposit (EMD).

Human Healthcare and Research Centre quoted prices ranging between Rs. 3.39 lakhs and Rs. 2 lakhs per cent for the various plots but has neither paid the EMD nor submitted the signed tender conditions.

Nippon Toyota, Moopan Motors (Private) Limited, based in Kochi, has quoted Rs. 3,13,334 per cent for plot A. The Kochi-based Holiday Ventures (Private Limited) has bid for plots A, B and C3 at the rate of Rs. 3,03,111, Rs. 2,88,111 and Rs. 2,37,411 respectively.

Maradu Properties (I) Limited has bid for plots A and B at the rate of Rs. 2,91,200 and Rs. 2,72,200 per cent respectively.

Fifteen companies bought tender forms but only five companies submitted their bids.

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