https://www.taxtmi.com/news?id=60318 The port completed competitive leasing of about 20 acres of Hooghly riverbank land, awarding multiple parcels under long-term leases (primarily 30 years, with at least one 60-year award) after receipt of initial lease premiums. Annual lease rents are projected at roughly Rs 1 crore per acre on the Kolkata side and Rs 50 lakh per acre on the Howrah side, with estimated capital expenditure near Rs 50 crore per acre, anticipated annual lease revenue of about Rs 15 crore, and total private investment expected to exceed Rs 1,000 crore toward commercial, retail, convention, tourism and entertainment developments. en-us Fri, 31 Oct 2025 18:46:03 +0530 Fri, 31 Oct 2025 18:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=60318 The port completed competitive leasing of about 20 acres of Hooghly riverbank land, awarding multiple parcels under long-term leases (primarily 30 years, with at least one 60-year award) after receipt of initial lease premiums. Annual lease rents are projected at roughly Rs 1 crore per acre on the Kolkata side and Rs 50 lakh per acre on the Howrah side, with estimated capital expenditure near Rs 50 crore per acre, anticipated annual lease revenue of about Rs 15 crore, and total private investment expected to exceed Rs 1,000 crore toward commercial, retail, convention, tourism and entertainment developments. News - Fri, 31 Oct 2025 18:46:03 +0530 https://www.taxtmi.com/news?id=60318