Bhopal,6 May:The Information Technology Department has allotted 10 acre land to M/s Underhill Technology, I.N.C., New York for establishment of an I.T. company at Bhopal. This land has been allotted out of 212 acre land provided to the department for setting up an Information Technology Park at village Badwai in Bhopal.A sum of Rs. 2 crore 42 lakh 81 thousand would be charged from the company at the rate of 25 percent of the commercial rate of Rs. 2400 per square meter fixed for year 2007-08 by Collector, Bhopal as per prevail ling market value guidelines.
One percent land rent and land premium would be charged from the company and annual land rent of Rs. 2 lakh 42 thousand 811 would be fixed. Separate amount would be payable for infrastructure development and maintenance as per requirement, which would be fixed separately.The company would be provided other concessions/facilities as per the Information Technology Policy of the state government.