West Bengal Housing Infrastructure Development Corporation Limited. (WBHIDCO) is company incorporated under the Indian Companies Act, 1956 by the Government of West Bengal. Vide Order No.1490-H1/HGN/NTP/1M-1/98 dated 14 September, 1999 the West Bengal Government appointed WBHIDCO as the Planning Authority in respect of the Planning Area declared under Notification No.1423/HI/HGN/NTP/1M-1/98 dated 27 August, 1999. WBHIDCO was the owner of all that piece or parcel of land measuring about 13 acres equivalent to 52609 sq. mtrs. (appox) being Plot No. IIG/7, in Block – IIG within the limits of Action Area – II of New Town, Kolkata, P.S. Rajarhat, District North 24 Parganas, West Bengal (hereinafter referred to as the “said Larger Property”) more particularly described in the First Schedule hereunder.