Rail Land Development Authority (RLDA) has invited Proposal through e-tendering mode for Grant of Lease of 6.86 Acre Railway Land, Pocket-F in Vibhuti Khand, Gomti Nagar, Lucknow, for Residential Development on 99 years Lease Terms.
- Tender Reference Number: RLDA/RFP/CD-36 of 2022
- Name of Work: Grant of Lease of 6.86 Acre Railway Land, Pocket-F in Vibhuti Khand, Gomti Nagar, Lucknow, for Residential Development on 99 years Lease Terms.
- Reserve Price: INR 118.00 Crore
- EMD: INR 1,25,00,000 Crore
- Document Download Start Date: 27th May, 2022
- Document Download End Date: 20th July, 2022
- Bid Submission Start Date: 27th May, 2022
- Bid Submission End Date: 20th July, 2022
- Bid Opening Date: 20th July, 2022
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 permissible FSI for the site is 1.5 for Residential Use. Present Bid has been invited for land parcel as shown in plan in Part-V of RFP. For Land Parcel FSI 1.5 for Residential Use 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 Technical Eligibility and 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 10% of the equity (for consideration of Technical Eligibility) and 26% of the equity (for consideration of Financial Eligibility) 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.
- Experience of Holding/Subsidiary Entity: Technical experience of a direct holding/subsidiary entity (having ownership of or being owned by, as the case be, by more than 50%) of a Bidder/Member can be considered for determining the Technical Eligibility of the Bidder provided such a holding/subsidiary entity furnishes an undertaking for supporting the Bidder in the specified Bid Form.
- In case the parent and subsidiaries are both foreign companies, the definition of the holding/subsidiary relationship as per the Companies Act, 2013 will apply.
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 aggregate Technical eligibility and 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 10% of the equity (for consideration of Technical eligibility) in the consortium. Further, the lead member of the consortium must have a minimum of 50% of the Financial Eligibility specified in sub – Para (b) above.
The complete document can be downloaded from www.tenderwizard.in/RLDA
Source: RLDA -Tender | Image Credit (representational): RLDA
