kolkata rdb belani consortium has won four acres of unused land at the tollygunge tram depot for rs 181 crore happy with the earning in the time of real estate slump principal secretary transport alapan bandyopadhyay said rs 75 lakh per cottah is a good amount which exceeds our expectations the fund would be used to turn around state transport utilities stus an earlier round of auctioning of the calcutta tramways corporations excess land turned out to be a damp squib with no company bidding for 31cottah land at the shyambazar depot only one showing interest in a piece of 52cottah land at the belgachhia depot and only two in the tollygunge depots 241 cottah the invitation for the bids was the first major step of the trinamul government towards restructuring the transport corporations which need a subsidy of around rs 700 crore a year said an official the tollygunge depot measures 241 cottah and the belgachhia one 5933 cottah there were major glitches in the bid applications of two of the three contenders for tollygunge said an officer a 2011 government circular laying down the bidding norms stipulated that at least three bidders must participate if there were fewer contenders the process had to be scrapped and started afresh the order also specified that a bid had to be accompanied with the submission of bank guarantee in a proper format it also said 95 of the payment had to be made within a month of lease allotment the reason for poor response to the auction was 95 payment clause said an expert also lack of industrial growth in bengal coupled with the lean phase in the infrastructure sector was to blame said a realtor the bengal government in august 2014 unveiled an urban policy that sought to create construction opportunities in congested zones by allowing a higher floor area ratio a month later the state put the leasing process for the ctc plots at tollygunge and belgachhia on hold to provide a level playing field to bidders