RLDA invites RFP for Grant of Lease for Residential development on Railway Land at Jhusi Land Plot for 99 years

December 15, 2021 Rail News, Tender

Rail Land Development Authority (RLDA) has invited proposals through e-tendering single stage two cover bidding system from interested eligible bidders as per conditions of Bid Documents for “Grant of Lease for Residential Development on Railway Land of approx. area 70606 Sqm, at Jhusi Land Plot, Prayagraj under Varanasi Division of NER (U.P.) for 99 years”. 

  • Tender Reference Number: RLDA/RFP/CD/49/CRD-7 of 2021
  • Name of Work: Grant of Lease for Residential Development on Railway Land of approx. area 70606 Sqm, at Jhusi Land Plot, Prayagraj under Varanasi Division of NER (U.P.) for 99 years.
  • Document Download Start Date: 15-Dec-2021   
  • Document Download End Date: 31-Jan-2022 
  • Bid Opening Date: 31-Jan-2022
  • Bid Submission Start Date: 15-Dec-2021     
  • Bid Submission End Date: 31-Jan-2022

About the Project:

  • The Selected Bidder shall carry out the development as per local building bye laws. 
  • The Selected Bidder shall, at its own risk, cost, expense and charges in connection with or incidental to the performance of the obligations of the Selected Bidder under this agreement shall procure all the requisite applicable permits for the development of the site and arrange to design, finance, construct and develop the Site. No claim shall be entertained on this account. 
  • However, RLDA without any liability thereof, will assist the Lessee in obtaining the required approval / permits, the Lessee shall not be deemed absolved of its own responsibility and RLDA shall not in any way be liable for the approval/permits or for non-receipt thereof for any reason whatsoever nor any loss or damage arising in consequences of such delay or non – receipt.
  • The Bidder shall be permitted to market and sub-lease Built Up Area for usage of any legal and lawful activities. 
  • The applicable FSI group housing is 2.50. However, present Bid has been invited for land parcels as shown in plan in Part-V of RFP for FSI of 1.50 (w.r.t. complete Land Plot Area) as mentioned in Bid Form-12. 
  • However, the Selected Bidder/Lessee has the liberty to undertake Residential  Development as per requirement and by utilizing permissible FSI by paying additional premium as per terms and conditions mentioned in the bid document.
  • Clause 8.1 of Regulation of Bids and Lease Agreement (Part-I) is amended and read as under (to cover the SPC in case of Registered Trust or Registered Co-operative Society, with Charitable objectives).
  • The Selected Bidder shall incorporate a new SPC under the companies Act, 2013 with its minimum equity sharing of 99.9% (Ninety Nine Point Nine Percent),  within  90 (Ninety) days from the date of issue of the Letter of Acceptance (LOA) by RLDA for implementation of the Project. 
  • The Lease Agreement shall be executed with such SPC. RLDA at its discretion and on reasonable grounds may extend this  period.  
  • The Memorandum of Association (MoA) of the SPC shall be in the prescribed format given at Form No.16. However, in case of Registered Trust or Registered Co-operative Society, with Charitable objectives, the SPC  incorporated under Section 8 of the Companies Act, 2013, MoA of the SPC shall be as per Form No. INC-13, available on website of Ministry for Corporate Affairs, incorporating main objectives of RLDA as well as of successful bidder and in such cases an affidavit as well as an undertaking shall also be submitted of not winding-up or amalgamating the SPC till the lease agreement with RLDA is in force.

About RLDA:

Rail Land Development Authority (RLDA) is a statutory body under the Ministry of Railways for the development of Railway land. It has four key mandates as a part of its development plan, namely leasing of commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.

Projects:

  • RLDA is currently working on 60 stations in a phased manner while its subsidiary, IRSDC has taken up another 63 stations.
  • In the first phase, RLDA has prioritised prominent stations like New Delhi, Tirupati, Dehradun, Nellore, Cuttack and Puducherry for redevelopment.
  • The railway stations across India will be redeveloped on a PPP Model as a part of Smart City Projects launched by the Government of India.
  • Currently, the Indian Railway has approximately 43,000 hectares of vacant land across India, of which RLDA has over 84 commercial (Greenfield) sites across India for leasing to the eligible developers after selection through an open and transparent e-bidding process.
  • RLDA is currently also handling 84 railway colony redevelopment projects and has recently leased out a railway colony in Guwahati for redevelopment.

The complete Bid Document can be viewed/downloaded (for view purpose only and not for bidding) on the free view tab of the e-tendering portal i.e. www.tenderwizard.in/RLDA .

Source: RLDA-Tender | Image Credit (representational): MoR