Considering statement 1: We can only get one of the sides length of the land. But that is not sufficient to get the area.
Considering statement 2:
We are given the diagonal length.With this information and the perimeter it is not possible to find the area of land.Considering both 1 and 2 statements.
Now we have two right angle triangles. We know the hypotenues of both the triangles.​AB2+AD2=BD21102+AB2=2552AB≈230​Let DC=x,BC=700−110−230−x=360−x.x2+(360−x)2=2552Upon solving this we get x=180±2​15​360−x=180±2​15​Area of triangle ABD=21​⋅110⋅230=12650Area of triangle BDC=21​(180+2​15​)(180−2​15​)=16143.75So, total area =12650+16143.75=28793.75Cost =28793.75×400= Rs. 1,15,17,500.So, option C is the answer.