RLDA invites tender for commercial development of railway land at Jalna Road Aurangabad, Maharashtra for 99 years

November 25, 2022 Rail News, Tender

Rail Land Development Authority (RLDA) has invited Proposal through e-tendering mode for Grant of lease for commercial development on approx 35127 sqm of railway land, Off Jalna Road Aurangabad, Maharashtra for 99 years period.

  • Tender Reference Number: RLDA/RFP/CD/77 of 2022
  • Name of Work: Grant of lease for commercial development on approx 35127 sqm of railway land, Off Jalna Road Aurangabad, Maharashtra for 99 years period.
  • Reserve Price: INR 87 Crore
  • EMD: INR 01 Crore
  • Document Download Start Date: 18th November, 2022
  • Document Download End Date: 12th January, 2023
  • Pre-Bid Meeting: 06th December, 2022
  • Bid Submission Start Date: 18th November, 2022
  • Bid Submission End Date: 12th January, 2023
  • Bid Opening Date: 12th January, 2023

Site Location:

  • The site is located off Jalna Road, major Arterial & one of busiest roads in Aurangabad city. The site is accessible from a 12m wide feeder road connecting Jalna Road. The site is situated at a distance of approx. 2.25 KM from Aurangabad Railway station and 9 KM from Airport. This is at a distance of approx. 1 Km from Central Bus Stand and about 1.3 KM from Kranti Chowk- Heart of the city. The area of the site is 35127 Sqm.
  • The site is accessible from a 12 m wide feeder road connecting Jalna Road. A road passing from Railway Station Road (Samarth Nagar) to Bagya Nagar is passing along one side of the plot.
  • For site plans and site inventory, please refer to Schedule and Specifications (RLDA LDHB Part –V).
  • Site is to be given on a 99 years lease for any type of usage under “ commercial” use as per DCR norms of Aurangabad Municipal Corporation). The site is to be given on “as is where is basis”. The bidders are advised to visit the site before bidding.
  • The Site enjoys very good connectivity to different parts of the city. Further details can be seen in the Project Information Memorandum (PIM) uploaded on the official website of RLDA.
  • As per land use map, land use of the site is “Commercial”. The land is ideally suited for Commercial/ Residential/Mixed Use development. Subject to the Local Bye-laws, the Bidder will have his discretion to plan, organize and construct the inner spaces both horizontally and vertically to suit his business plan.
  • The Site is to be given on a 99 years lease. The site will be handed over on “as is where is basis” with a provision that the Bidder can develop the site for the activities which are permissible under existing land use.
  • As per RFP, Development of 80% Residential and 20% commercial is permitted at site. In case, the Developer wishes to increase the area of Commercial development. They can do so with a deposit of additional Lease Premium as detailed in RFP part-III, From-12.
  • There is a narrow strip of Railway land connecting Samarth Nagar Road to the subject site, which is part of the subject site, as shown in the site plan enclosed at page-10 of Schedule and specification of part-V of bid document but the same is presently under encroachment.
  • In this regard, it is stated that efforts will be made by RLDA to hand over the area of above strip of land (presently under encroachment) to successful bidder in due course of time as per provisions of bid document if above encroachment is removed by South Central Railway /RLDA.
  • However, it is clarified that handing over of the area of above strip of land to successful bidder is not binding on RLDA and no claim for not handing over of above mentioned area of land due to non-removal of the above encroachment by South Central Railway /RLDA shall be entertained in this regard from selected bidder. 

Execution of Lease Agreement:

  • The Special Purpose Company (SPC), to be created by the Selected Bidder for implementation of the Project, is required to execute the Lease Agreement as contained in the format of Form No-14, after due compliance of pre-requisites under Clause No.26 of the Regulations [Part I of LDHB] at least 15 days prior to the period specified in the Regulations or the extended period, if applicable, for the execution of the Lease Agreement, failing which the Bid Security shall be forfeited and the LOA shall be cancelled.
  • For avoidance of any doubt, the SPC incorporated pursuant hereto shall not engage in any other activity except as expressly permitted under this Lease Agreement. However, In case the bidder is a Central/State Govt. Entity, including PSUs, Corporation, Authority, Trust etc. and they intend to use the land for their own purpose and gives an undertaking that no sub-leasing of Built Up Assets shall be done by them, then in such cases they may be exempted from formation of SPC and then lease agreement will be signed directly with such  (refer sub clause 8.1.1 in Part-I of Bid Documents).
  • The Lease Agreement can be signed only after payment of full amount of Lease Premium or after payment of first installment of Lease Premium and submission of BGs (Bank Guarantees) for Subsequent Installments of Lease Premium with interest and applicable GST thereon as per the payment schedule in Bid Form– 12. In case of Escrow Mechanism, the requirement of BGs as envisaged in Clause 26(b) of Regulations for Bid and Lease Agreement (Part-I of RFP) shall not be mandatory.

Scope of 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 Basic FSI for the site is 1.10 Present Bid has been invited for land parcel as shown in plan in Part-V of RFP. For Land Parcel basic FSI is 1.10 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. 

Eligibility:

  • In case the Bidder is a consortium, the aggregate Financial Eligibility of individual Members of the consortium can be considered for meeting the minimum required criteria provided each of such Members holds at least 26% of the equity in the consortium. Further, the lead Member of the consortium must have a minimum of 50% of the Financial Eligibility specified in sub -Para 4.0(B) above.
  • Consortium Requirements: Bids submitted by a consortium of Bidders must comply with following requirements:
  • The number of Members shall not exceed [4 (four)] Members, each meeting the requirement specified in Clause 5.1 above.
  • The Consortium shall furnish a joint bidding agreement (the “Joint Bidding Agreement”) on an on-judicial Stamp Paper of a minimum of Rs. 100/- (Rupees one hundred only) as per the format provided in the relevant Bid Form, which shall be legally binding on all the Members.
  • In case the Consortium is selected, the Joint Bidding Agreement shall continue in full force and effect till the Lease Agreement becomes Effective and thereafter the legal liabilities of the Members shall be governed by the relevant equity lock in provisions of the Lease Agreement.
  • However, in case the Consortium does not get selected for award of the Project, the Joint Bidding Agreement will stand terminated on return of the Bid Security by RLDA.
  • One of the Members of the Consortium holding at least 26% (twenty six per cent) of the paid up and subscribed equity/ownership stake in the Consortium as well as contributing a minimum of 50% (fifty per cent) of the specified Financial Eligibility shall be authorized and nominated as the Lead Member to act and represent all the Members of the Consortium for bidding and implementation of the Project.
  • This authorization shall be evidenced by submitting a Power of Attorney signed by legally authorized signatories of all the Members as per format provided in the relevant Bid Form.
  • Change of the Lead Member will not be allowed under any circumstance.
  • A Bidder or a Member of a consortium can be a Member in only one consortium of Bidders; if a Bidder/Member participates in more than one Bid for the same Project/Site, all Bids of which it is a part would be summarily rejected.
  • All Members of the consortium of Bidders shall be liable jointly and severally for the execution of the Project.
  • In case the bidder is a consortium, the lead member of the consortium must have a minimum of 50% of the Financial Eligibility specified in sub – Para (b) above. 

Eligibility for a Partnership Firm:

  • A registered Limited Liability Partnership firm (LLP) is eligible for bidding.
  • Other than registered Limited Liability Partnership firms (LLP) are not eligible, however in case, Partner(s) of such Partnership Firms can participate as individuals or form a Consortium.
  • The Financial experience of the partnership firm can be considered as the experience of the Partner(s) in proportion to their respective stakes in the Partnership Firm for Financial eligibility of such Bidder/Member of Consortium.

The following requirements also need to be fulfilled:

  • The Partnership Firm must be a registered partnership firm under the provisions of Partnership Act, 1932.
  • Certified true copy of the Partnership Deed shall be furnished with the Bid for the relevant period so as to ascertain the minimum average annual total/gross turnover.
  • The Firm must be in existence and in operation during the Bid Submission Date.
  • The statement related to financial eligibility of the Partnership Firm shall be duly certified by a Statutory Auditor/practising Chartered Accountant.
  • The Partnership Firm shall furnish an undertaking to support the Bidder, in the Bid Forms- 9A & 10A. This undertaking must be signed by all Partners of the Firm or by Partner duly authorised by all Partners in this behalf.

The complete document can be downloaded from www.tenderwizard.in/RLDA

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