KRIDE invites bids for providing Consultancy Services for Assessment of Market Value of Land and structures to be acquired for Bengaluru Suburban Rail Project

Rail Infrastructure Development Company (Karnataka) Limited (KRIDE), which is a Joint Venture of Government of Karnataka and Ministry of Railways, has invited bids under single stage two packet system for the following contract package – Consultancy Services for Assessment of Market Value of Land and structures to be acquired for Bengaluru Suburban Railway Project.

Key Details:

  • Bid Notice No.: KRIDE/BSRP/07/2021  
  • Estimated Cost: Rs. 1.83 Crores
  • Period of Completion: 3 years
  • Pre-Bid meeting: 15/06/2021, 11.30 hrs
  • Deadline for bid submission: 06.07.2021, 15:00 hrs.
  • Bid Opening: 07/07/2021, 15:30 hrs.

Project Background:

KRIDE was incorporated as a joint venture between the Government of Karnataka and the Ministry of Railways. K RIDE is entrusted with the responsibility of execution of Bangalore Suburban Railway Project. The project comprises of four Corridors at a total length of 148.17 km.

Corridor From – toLength (km)Number of Stations
1KSR Bengaluru to Devanahalli 41.4015
2Baiyappanahali to Chikkabanavara25.01 14 
3Kengeri to Whitefield 35.52 09
4Heelalige to Rajanakunte 46.24 19 
  • The proposed four corridors lines are expected to provide much needed last mile connectivity to the commuters and also traverse through some of the densest and traffic congested areas of the city, and are expected to bring connectivity to the Information Technology Industry.
  • KRIDE intends to select a Consultant to assist in determining the Market Value of the land and structures identified/notified for acquisition, for the use and consideration of KRIDE.

Scope of Services:

The Consultants shall undertake following but not limited to:

  • Identify the land located in the alignment of the Suburban Railway Project based on the information provided in the Gazette Notifications issued by the Government of Karnataka from time to time and information provided by KRIDE.
  • Identify at least one representative land parcel for every 400 m distance stretch (200 m distance stretch if lands are notified on both sides of the road) within the same Guidance Value Zone separately for residential and non-residential uses based on the parameters like size of the land parcel etc. The identification exercise shall be carried out in consultation with KRIDE. Guidance Value Zones shall be classified based on the guidelines published by Government of Karnataka vide Notification No. CVC/485/2017-18 Bangalore dated 09 September 2018 or as applicable as on the date of Gazette Notification.
  • Carryout detailed market assessment, collect & analyse relevant market information, compare instances, carryout necessary adjustments etc. as per the acceptable valuation practice guidelines, to arrive at the realistic Market Value of the land and structures as per the procedure/ formulae approved by K-RIDE in advance.
  • Provide realistic unit Market Value of each of the notified land and structure of the Suburban Railway Project.

Additional Details:

  • The task of the Consultant is to determine the unit Market Value of land and structures identified/notified for acquisition, for the use and consideration of KRIDE.
  • The Consultants shall carry out detailed market assessment in a transparent and equitable manner and the consultant shall, for this purpose, adopt all appropriate and acceptable procedure and methodology perceived to be the most feasible, transparent, clear-cut and equitable, keeping in focus the public and the Suburban Railway project.

Recent Tenders:

Following are the tenders invited by KRIDE recently for Bengaluru Suburban Rail Project:-

  • Bid Notice No.: K RIDE/BSRP/06/2021
    • Name of work: Shifting of Signalling & Telecommunication underground utilities in Heelalige-Rajankunte section of Bangalore Division to facilitate Bangalore Suburban Rail Project (BSRP) Corridor-4.
    • Estimated Cost: Rs. 26.64 crore
    • Period of Completion: 18 months
  • Bid No.: K RIDE/BSRP/05/2021   
    • Name of work: Implementation of ERP-SAP/S-4 HANA Solution
      • Human Resources Management including Payroll (HR)
      • Financial & Accounting Module (FICO)
      • Project Systems (PS)
      • Materials Management (MM)
    • Period of Completion: 12 months
    • Deadline for bid submission: 21.06.2021 15:00 hrs.
    • Bid Opening: 22.06.2021 15:30 hrs.

Bidding Documents can be downloaded from KRIDE e-tendering portal  i.e., 

Source: KRIDE-Tender | Image Credit: K-RIDE