Hindustan Unilever Ltd (HUL) plans to sell a 2.05- acre plot in Coonoor, a popular hill resort. According to the international property consultants Jones Lang LaSalle Meghraj, the exclusive marketing agents, the reserve price for the property is fixed at Rs 6.1 crore. The site is at Bedford in the heart of Coonoor town. It offers an opportunity for hospitality and retail projects, particularly because of flat topography - which is rare in the hills.
According to the property consultant, the property is free hold property with a clear title and single ownership of HUL. The last date for the bid is April 16. Coonoor's economy is predominantly based on tea plantations, tea trade and tourism, which has underpinned the development of the hospitality industry. - Our Bureau
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