Vedic Village will return 600 acres of its 1,200-acre township in Rajarhat, which the government will then hand over to Infosys and other IT companies.
The land will be at Webel’s disposal and 100 acres will go to Infosys. Wipro, too, may benefit. Infosys will have to pay far less than the Rs 2.16 crore per acre Hidco at first quoted or the revised rate of Rs 1.5 crore it is still seeking. The IT major had found the Hidco cost prohibitive and sought a price of Rs 60-65 lakh per acre.