pre-bid meeting presentation - indian railways

Re-Development of 26,516 Sqm. Railway Staff Colony land ,

at Guwahati Railway Station

Pre-Bid Meeting Presentation 30.08.2019 & 03.09.2019

Re- Development of 26,512 Sqm. Railway Staff Colony Land , at Guwahati Railway Station Page 1

06-09-2019

Privileged & Confidential

ADROIT - RSP ADVISORS

About RLDA

▸ Railway Act 1989 amended in 2005 to establish RLDA – a Statutory Authority under

Ministry of Railways for Commercial Development of vacant railway land for

generating revenue (required by Railways for up-gradation/maintenance of its

network) by non-tariff measures. This amendment essentially contains the

following provisions:

▸ RLDA became functional on 19th Jan 2007 after notification of RLDA (Constitution)

Rules, 2007

▸ Railway Act 1989, Chapter (IIA), Article 4D states function of the Authority as

follows:

▸ Shall discharge such functions and exercise such power of central government

in relation to development of railway land, for commercial use, assigned by

the central government;

▸ Has power to enter into agreement and execute contract for the above.

▸ Section 11 of the Railways Act, which empowers the railway administrations to

execute various works required for the purposes of constructing and maintaining a

railway has also been amended to include, vide sub-clause (da), “developing any

railway land for commercial use”.


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About ADROIT & CO and RSP Advisors (Financial & Marketing Consultants)

# Area of Experience

ADROIT & CO and RSP Advisors (Consortium)

Financial & Marketing Consultants

Years /

No. of

Projects

Value of the

Project(s)

(Rs. In Crores)

Raj Kumar Dua, ADROIT & CO, Chartered Accountants, New Delhi (33 years, Since 1986)

(Valuation, Financial Modelling, Transaction Advisory, Marketing and Financial Close of Projects on PPP Mode)

1 Real Estate Sector: Since 2003

a) Rail Land Development Authority (RLDA), Monetisation of Railway Land

b) Raipur Development Authority (RDA), Multiplex cum Mall

c) Raipur Municipal Corporation (RMC). Multiplex cum Mall

d) Other similar projects for Municipal Corporations of Chhattisgarh State

Since 2003

25 Nos.

1 No.

1 No.

3 Nos.

Approx. 4,500

4 – 2000

350

200

50 – 150

2 Infrastructure Sector (Rail, Metro, Road, Air, Shipping & Tourism): Since 2005

a) Road & Highways (for NHAI, MORTH & NHIDCL) on BOT, HAM, EPC &Toll

b) Railway Station Development (RITES), Monetisation of Commercial Land

c) Inter-State Bus Terminal (RMC)

d) Metro Projects (RITES), Non-Fare Box Revenue Assessment along with TOD

e) River Cruise Liner (MAHABAAHU – JV of FHTPPL & ATDC)

f) Amusement cum Water Park (RMC & RDA)

g) Entertainment & Recreation Centre (RMC, KMC & RMC)

h) Parking cum Commercial (RMC)

i) Navi Mumbai Transit Oriented Development (IRCON), CBD Belapur & Juhi etc.

j) Policy Document for Institutional Land Allotment (NRDA)

Since 1995

32 Nos.

8 Nos.

1 No.

4 Nos.

1 No.

2 Nos.

3 Nos.

1 No.

Approx. 23,000

2 – 1400

100 – 700

35

1000 – 3000

25

300 – 500

20 – 50

40

3 Power Sector (Generation, Transmission, Distribution & Regulatory): Since 1986

a) Power Generation (UMPP – Domestic & Imported Coal base)

b) Power Transmission (WR & WRNR) for PFCCL

c) Distribution (Conversion of Street Lights into LED) for TNEB

d) Unbundling of Meghalaya State Electricity Board for PFCCL

e) Regulatory Assignments for DERC & MPERC

f) Various others Assignments for NTPC, PGCIL, SJVNL, UHBVNL, HVPNL, CSEB, PSEB, BCPP etc.

Since 1986

2 Nos.

2 Nos.

1 No.

1 No.

4 Nos.

8 Nos.

Approx. 53,000

24000 – 25000

1600 – 2000

100


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About ADROIT & CO and RSP Advisors (Financial & Marketing Consultants)

Rana Sanjay Prasad, RSP Advisors, Gurugram (24 years, Since 1995)

(Development Appraisals, Acquisitions & Dispositions, Fund Raising, Asset Monetization, Valuation, Transaction Advisory, Marketing of

Real Estate Projects)

Sanjay was the head of the real estate business of the fortune 100 corporate - Johnson Controls (JCI) in West Asia region, where he

managed CRE portfolios of global corporations (including JCI). He also held national leadership positions with Ascendas (a Temasek

Singapore company) & Cushman & Wakefield.

He has created new ventures ground-up for the past 17 years in large MNC environments & as an entrepreneur. He has performed:

Strategic & Transaction advisory on over 100 marquee real estate & infrastructure projects covering residential, office, retail,

industrial parks, metro, airports, SEZs etc involving over 7,000 acres totally.

Corporate real estate transaction management of about 2.5 million sq. ft. built space across over 170 properties with annual

budget of over Rs. 200 crores.

Land acquisitions with development potential of over 25 mn sq. ft. BUA and investment advisory for 100 mn USD deployment as

private equity.

Investment acquisitions of over 1.5 mn sq. ft. built space totally with aggregate investment of around 800 crores.

Currently supporting RLDA on about 25 land monetization projects as transaction advisor. Aggregate value: > 3,000 crores

He is a Civil Engineer and has a management degree in Finance. He is also an eminent elected member (MRICS) of the Royal Institution

of Chartered Surveyors (RICS), U.K.


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Site Location & Development Precincts

• ZONE- Public & Semi-Public

• LAND AREA – 26,516.42 sq. m (as per survey plan),

• Basic FSI – 1.50, Additional FSI Potential – 0.75, Effective FSI – 2.3379

• BOUNDRIES – to be carved out from existing Railway Colony.

• This site is located in

Central Guwahati at

Distance of 0.2 kms from

the Guwahati Railway

Station besides RBI

building on GNB road &

ARB road.

• The site is generally plain

land with excellent

connectivity with the

whole city.

• The site has a frontage of

250 m on GNB road & ARB

road, an important road.

• The site is located near

Kamrup district

collectorate and cotton

college area.


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Site features

• The available railway site is bounded by

- Railway Colony and Road in the west.

- Railway Colony and Road in the east.

- GNB & ARB Road in the north &

- Railway Station Building in the south.

• Key Distances to major Landmarks:

Residential developments: within 0.2 Km to 5 Km

Guwahati Railway Station: 0.2 Km

Guwahati Airport: 21.8 Km

Retail / Commercial developments: within 1 - 2 km

Pan Bazaar: 0.7 Km

Fancy Bazaar: 1.1 Km

Paltan Bazaar: 0.5 Km

GS Road: 3.3 Km


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Guwahati – Land use map

SITE


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Development Intensity Zone

The site fall in High Intensity Zone, and would have no height restriction as per development bye laws.


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Guwahati – Ward map


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Colony Site – Survey Map

A

B

C


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Area Statement, Railway Re-development Area & Cost & Effective FSI

• The minimum acceptable specifications are as per Part-V and in case of any omission, the specification given

in Ministry of Railway letter dated 11.12.2013 or CPWD Specifications are to be followed in that very order.

• Type-II and Type-III (78 No. of Dwelling Units each) Multi-storied Residential Buildings (with lifts) ready to

move for Railway staff, as per plinth area norms & specifications* given in Schedule-V including related

construction and parking spaces as per provision of Guwahati Building Construction (Regulations) Byelaws,

2014 (as amended from time to time).

• 36 (Thirty Six) months from the date of Handing over of the Assets to Railway through RLDA. After that

Railway shall bear all expenses related to maintenance of Mandatory and Redevelopment Works

• Railway Service Buildings and Common Facilities of 1000 Sqm.

• The estimated cost of Railway Redevelopment Assets is Rs. 33.02 Crore

A Gross Area of the Plot 26,516.42 Sqm

B Area along GNB Road considered for its proposed widening: (270 m x 5 m) 1,350 Sqm

C Net Plot Area considered for FAR calculations 25,166.42 Sqm

D Area Earmarked for Redevelopment for the Railways 8,602.57 Sqm

E Net Area to be Leased to the Selected Bidder 16,563.85 Sqm

F Basic FAR of the Plot 1.50

G Maximum Permissible FAR 2.00

H Built Up area utilizing basic FAR: (C x F) 37,749.63 Sqm

I Additional Built Up Area for the FAR available due to road widening: (3 x B) 4,050 Sqm

J Total Built up area without Premium FAR 41,799.63 Sqm

K Maximum FAR potential of plot: (C x G) 50,332.84 Sqm

L Built Up area to be utilized for Redevelopment Project 11,608 Sqm.

M Net Built up area available for the Selected Bidder: (K – L) 38,724.84 Sqm

N Effective FAR utilization for Railway Redevelopment portion: (L÷ D) 1.3494

O Effective FAR available for the Selected Bidder: (M ÷ E) 2.3379

P Railway Land portion of Transferable Development Rights (TDR) considered to avail for utilization of Full FAR Potential of land: (O – G)

0.3379 Say 0.34


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Site Handing Over Schedule

SN. Phase Detail of land to be handed over Handover Date

(i) Phase-I

Land area of Pocket A (earmarked

for Railway Redevelopment Assets)

involving 13 Ty-I qtrs of in Block

nos. T/37, SE/1, SE/3, & L/61 and 7

Ty-II qtrs in Block no. T/38-39, E/4,

DG/55 & T/16)

On fulfillment of

Conditions Precedent

as per the provisions of

Article 4 of Part II

(GCLA) of this RFP

and after vacation of

the mentioned qtrs.. Land area of Pocket-C (earmarked

for leasing to the Lessee) involving

7 Ty-I qtrs of in Block nos. T/14 &

C/17 and 17 Ty-II qtrs. in Block no.

DS/30-31 & T/20)

(ii) Phase-II

Remaining land area of Pocket-A

(earmarked for Railway

Redevelopment Assets)

Within 180 days from

the date of handing

over of Redevelopment

Assets by the Lessee

to RLDA

Remaining area of Pocket- C

(earmarked for leasing to the

Lessee)

Land area of Pocket-B (earmarked

for leasing to the Lessee)

1. RLDA shall hand over the Site to the Lessee on “as-is-where-is” basis as per above schedule.

2. In the event of delay in handing over of Phase-II Land area mentioned above by RLDA beyond the schedule

stipulated above, the Lessee shall be entitled to recover liquidated damages from RLDA, in accordance with the

provisions of Clause 14.2.3 of Part II (GCLA) of this RFP.


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Developments Permissible


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Site Photographs

Entry to site

Station

Entry

Station road


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Site Photographs


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Strengths & Opportunities

STRENGTH

The site lies in front of Guwahati railway station.

The main city markets like paltan bazaar, pan bazaar and fancy bazaar are all nearby.

The city district centre, district court are all nearby.

The site has frontage of approximately 500 m in perimeter. out of this 250m is at GNB road.

There is no such land piece available nearby the site.

The site has excellent road & rail connectivity. public transport is readily available.

There is no major commercial or residential project proposed / upcoming in the nearby area. major commercial developments are coming up in GS road area.

Residential development is proposed in jalukbari, ganeshguri etc.

Infrastructure in form of transportation network, social facilities, industrial growth, dense population, hospitals, schools& colleges etc. are all available, suitable for driving commercial activity.

OPPORTUNITY

This area has well established government complex. it has RBI building / office, railway office, city government office.

The site has potential to be developed as multi storied group housing / commercial / retails / budget hotel / offices conforming to public & semi-public usage for providing several much needed amenities to the nearby residential areas.

This project can come up as a model mixed use residential development with some portion of retail, offices and hospitality.


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Applicable Development Control Norms


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Salient Features of Bid Documents & Lease Terms of Bid Documents & Lease Key Specific Provisions

- 99 years from signing of lease agreement

- Ownership of land to remain with

Railways through out the lease term

- Existing Land use is “Public & Semi-Public” which can be

used for Residential & Commercial development, as per

applicable development control norms

- Site hand over within 30 days of signing

of Agreement.

- Design, construction, financing, operation

and maintenance of the project by

Lessee

- Land along with assets thereon to revert back to Railway after

expiry of Lease Term.

- Completion period for all phases of re-development including

commercial development is six years & six months with

applicable extension provisions, as applicable

- Lease agreement to be signed on 25%

land premium payment

- SPC to be formed within 90 days of issue

of LOA

- Agreement only with a new SPC to be incorporated by the

Selected Bidder for implementation of the project.

- Down payment of 25% of quoted lease

premium

- Balance in 3 yearly installments of 25%

each along with 12% pa interest

- Interest would apply on all outstanding

land payments. To be paid alongwith

installments.

- Bids are invited for effective FSI of

2.3379 on the land

- The Developer can pay full land premium

amount in one installment.

- 1st installment of lease premium within 60 days of LOA .

Another 60 + 30 day extension provision with interest as per

bid document.

- Rs. 1,00,000/- per annum of the Lease Premium and the same

shall automatically be revised upwards by 15% every three

years (to be compounded). The first revision effected from the

beginning from the 4th year from the date of first Annual Lease

Rent payment.

- License Fee of Re.1/- per year for Railway Re-development

portion of Land

- In case any variation in the area of Site is found at the time of

handing over possession of the Site, the Lease Premium shall

be adjusted on pro-rata basis on the actual area of the Site .

Lease Period

Agreement Signing

Lease Premium,

Annual Lease Rent &

License Fee Payments

Project Development

1

2

3

4


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Salient Features of Bid Documents & Lease….contd..

Terms of Bid Documents & Lease Key Specific Provisions

- Built-up spaces can be sub-leased but sub-leasing of land

as such is not allowed.

- Controlled and regulated marketing rights proportionate to

% lease premiums paid. 100% right in case BG/Escrow is

given for balance amount other than down payment.

- Marketing through sub-lease mechanism

- Developer shall not create any 3rd party

rights on the land.

- No mortgage of land, mortgage of project is permitted

- Substitution rights through Substitution Agreement

- Defined Substitution & Termination

Payments

- Same Bank can provide B.Gs, be the

Bank & provide debt to the Developer

simultaneously

- Bidding entities to have 99.9% equity in new SPC before

agreement

- 50% equity in SPC after signing of agreement

- 100% exit on payment of full lease premium and after

construction + 1 Year

- If consortium, lead member to hold 26% till

construction completion.

- SPC has to have a minimum paid up share

capital requirements of 3.75 Crores.

Debt Raising

Marketing Rights

Equity

Lock-in

5

6

7

Success Fees to RLDA

Consultants

8

a) Stage – I

25% of the amount of Success Fee within 30 days of issue of

LOA by RLDA to the selected bidder.

b) Stage – II

75% of the amount of Success Fee on signing of the Lease

Agreement with the Lessee.

- RLDA has appointed a Financial &

Marketing consultant M/s ADROIT & CO,

Chartered Accountants and RSP Advisors

(Consortium) for assistance to RLDA in

marketing the Sites.

- The Selected Bidder shall pay a Success

Fee to RLDA‟s Consultant through RLDA

for each site separately


06-09-2019



Salient Features of Bid Documents & Lease….contd.. Terms of Bid Documents & Lease Key Specific Provisions

- Single project area of 12,100 Sqm

OR

- Cumulative Built-up area of Multiple projects 60,500 Sqm

- From Real estate project (Residential,

Commercial, Township or Institutional

etc.) during the last 10 (ten) years

9

Technical Qualification

(1 real estate project)

10


- Minimum Average Annual Total/Gross Turnover in last 3 financial

years i.e. 2016-17, 2017-18 & 2018-19 of Rs. 25 Crore

OR

- Net worth of the Bidder as on 31.03.2019 of Rs. 25 Crore

- From any Business

Financial Qualification


- The amount of bid Security for the Site is Rs. 1 Crore

- In the instant bid payment of Commitment Security is not

applicable.

11 Bid Security & Commitment

Security

12


- The Escrow Account is applicable for the subject site as per

SCLA Part-IV

Escrow Agreement


- Lessee/Developer is required to re-development portion of land

as detailed in Part-V of RFP at his own cost ready to move

railway staff quarters.

- Currently, there are total 153 railway staff quarters & one store

building of Railway Recruitment Centre (RRC) office within the

site along with other miscellaneous utilities and structures.

- Total 156 (Type-II=78 nos. & Ty-III=78

nos.) along with other utilities &

buildings

Re-development Works 13


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Bidder & their Eligibility Bidder

The Bidder is defined as under in LDHB Part-I:

An Individual (Proprietary Firm will fall under this category)

A Registered Limited Liability Partnership (LLP)

A Registered Co-operative Society

A Registered Trust

A Public or Private Limited Company (Duly Registered in India or Abroad)

Partnership Firm is not allowed to participate as such while the Partner (s) can bid as

Individuals or may form a Consortium (explained in next slide)

Eligibility of Consortium Member

1. The member of the Consortium should be one as per the definition of the Bidder as above.

2. The Technical and Financial eligibility of the Consortium Members can be considered provided

they hold at least 10% and 26% of the equity respectively in the bidding consortium entity.

3. The Lead Member of the Consortium must have a minimum of 50% of the Financial Eligibility

Participation by Bidder

The Bidder can participate either as an Independent Individual Entity or can form a Consortium of

not more than 4 such Entities/Individuals, subject to fulfillment of Consortium requirements as per

LDHB Part-I.


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Claiming Technical and and Financial Experience as Eligibility

Clause 3(d) of Regulations for Bids and Lease Agreements (Part-I of RFP) may be read as under:

Experience of Holding / Subsidiary Company / Entity

Technical Experience:

Technical experience of a direct holding/subsidiary company/entity (having ownership of or being owned by,

as the case be, by more than 50%) of a Bidder/Member can be considered in full for determining the Technical

Eligibility of the Bidder provided such a holding/subsidiary company/ entity furnishes an undertaking for

supporting the Bidder in the specified Bid Form(s). 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.

Financial Experience:

Financial experience of direct holding/subsidiary company/entity (having ownership of or being owned by, as

the case be, by more than 50% (fifty per cent) shareholding and voting rights of such company / entity), of a

Bidder/Member, can be considered to the extent of percentage shareholding and voting rights in such

company / entity provided such a holding/subsidiary company/entity furnishes an undertaking for

supporting the Bidder in the specified Bid Form(s). 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.

Experience of Holding/Subsidiary Entity

Partner (s) of the Partnership Firm can participate either as Individuals or form a Consortium

The Technical and Financial Eligibility of the Partnership Firm can be considered as the experience of the

Partner (s) in proportion to their respective stake in the Partnership Firm, for such Bidder/Member of the

Consortium, provided the Partnership Firm submits an undertaking to support the Bidder in the Bid Form – 9A

and 10 A and fulfill all other requirements as mentioned in Part-III.


06-09-2019



Claiming Technical and and Financial Experience as Eligibility

For clarity of Part-III (ITB Bid Form-4) and this RFP:

(a) term “Total/Gross Turnover” shall have the following meaning:

“Total/Gross Turnover” means, the gross amount of revenue, from the Bidder / Member of Consortium,

duly recognized in the audited Profit and Loss Account from the sales and/or supplies and/or

distribution of goods and/or on account of services rendered, and/or all other incomes, by a

Bidder/Member of Consortium during a financial year in the ordinary course of such activities /

business(s) and as certified by its / their Statutory Auditors as per format in Bid Form-4.”

(b) term “Net worth” shall have the following meaning:

“Net Worth” shall mean (Subscribed and Paid up Equity Capital (not to include any Share Application

Money/Preference Share Capital) including Equity/Security Premium+ General Reserves) Less

(Revaluation Reserves + Accumulated Losses + Miscellaneous Expenditure not written off + Accrued

Liabilities not accounted for + Intangible Assets).


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Other Bid Provisions Bid Variable

The only bid variable would be the “Lease Premium” along with Re-development at his own cost.

TDS and Taxes

1. TDS : No TDS shall be deducted by developer from payments to RLDA , as RLDA is exempted

from TDS.

2. Taxes: Any incidence of tax such as GST, property tax etc shall have to be paid by the developer.

Success Fee

The Selected Bidder shall pay success fee to the transaction advisors of RLDA i.e. Consortium of

M/s ADROIT & CO and M/s RSP Advisors but through RLDA as per the terms and conditions

specified in bid documents.

Document Fees

The bid document fees is Rs. 50,000/- plus GST @ 12%, total Rs. 56,000/-.

Bid & Commitment Security

The bid security is Rs. 1.0 Crore and there is no commitment security.

Minimum Share Capital of Special Vehicle Company (SPC)

The minimum share capital required by the SPC is Rs. 3.75 Crores.

Reserve Price

The Reserve Price for Lease Premium on land area of 16563.43 Sqm. With effective FAR of 2.3379 is

Rs. 75 Crore.

Bidder’s need to make their own self assessment and due-diligence of the site (s) they wish to bid along with

the provisions applicable under DCR norms & Re-development works, RLDA, their employees & Consultants

shall not be responsible for accuracy, reliability or completeness of the information in this Bid Document.


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Other Bid Provisions

S. No. Particulars

Cover-1 (To be uploaded on online portal) by 23.10.2019 up to 1500 hrs. (due date & time)

1. Signed and scanned copy of instructions issued to bidders (RLDA LDHB Part - I & II), (RLDA LDHB Part III), SCLA [RLDA LDHB Part-IV], Schedules and Specifications [RLDA LDHB Part-V]

2. Duly filled up and digitally signed Checklist of documents as per format;

3. Duly digitally signed Instructions to Bidders;

4. Duly filled up and digitally signed/executed Bid Forms 1 to 11 as applicable;

5. Digitally Signed Form Nos 13 to16;

6. The copy of receipt of Bid Document fee, or the Bid Document Fee in the Form specified at Clause2.1.4;

7. Duly digitally signed Documents required on Constituents and shareholders to establish that the Bidder does not have a conflict of interest;

8. Bid document fee to be paid online as per Clause 2.2, (if not paid online) – scan copy of instrument of Bid document fee.

9. Bid Security to be paid online as per clause-7.0, (if not paid online) scan copy of instrument of bid document fee.

Bid Forms 1 to 11 (as applicable) also need to be submitted in physical form to RLDA

office by 30.10.2019 up to 1500 hrs. (due date & time)

S. No. Particulars

(Uploaded on online portal only) by 23.10.2019 up to 1500 hrs. (due date & time)

1. Financial Proposal in Online Form only (Form 12)


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Applicable Bid Documents

Land Development Handbook (LDHB)

LDHB Part I

Regulation for Bids and Lease

Agreements

LDHB Part II

General Conditions of Lease Agreements

LDHB Part III

Instructions to Bidders and Bid

Forms

LDHB Part IV

Special Conditions of Lease Agreement

LDHB Part V

Schedule and Specifications

Non-Variable Documents Variable Documents

- General guidelines

covering eligibility

condition,

document

requirements

- Consortium

requirements,

conflict of interest,

SPC requirements

etc.

- Bid preparation

and submission

guidelines, bid

security, equity

lock-in etc

- Lease conditions

covering security

deposit, lease

premium, lease rental

- Rights and obligations

of lessee, Development

& marketing,

subleasing

- Maintenance,

construction timelines

etc

- Events of default and

liability

- Substitution &

termination

- Format of escrow,

substitution and lease

deed

- Instruction on bid

submission, bid

documents

- Eligibility, payment

schedule, bid

security etc.

- Lease agreement,

SPC instructions

- Bid Forms for

eligibility, POA,

bidding, financial

proposal

- Consortium

agreement, BG,

performance

guarantee etc

Special conditions that

would prevail over the

general conditions

- Site plan and

drawings

- Schedule of

assets

- Site description

- Inventory at site

- General

specification of

mandatory works

- Schedule of

mandatory works

- Important

notifications

impacting

development at site

- Drawing of

mandatory works

Bidders need to digitally sign part III, IV and V. RFP Response should be as per prescribed format

utilizing the forms provided in part III.


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E-tendering Process Detailed description of the following is given in Vender Help Manual & E-tendering steps. These can be

downloaded from www.tenderwizard.com/RLDA under “Register Me” tab

http://www.tenderwizard.com/RLDA


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30th of August 2019 & 03rd September 2019 from 11 am

Pre-Bid Meetings at New Delhi & Guwahati

9th of September 2019 UP TO 6 pm Last Date of Receiving Pre-Bid Queries

19th of September 2019 Last Date of issuance of Amendments to RFP, if any

23rd of October 2019 UP TO 2 pm Last date/time of downloading E-bid document

23rd of October 2019 UP TO 3 pm Last date/time for Bid Submission

30th of October 2019 UP TO 3 pm Last date/time for physical submission of bid forms

30th of October 2019 AT 3:30 pm Date/time for Bid Opening

Key Dates to Remember for Bidding


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Issuance of LoA by RLDA To the Highest Bidder with responsive bid

Payment of 1st Instalment of Lease Premium

25% of the Lease Premium Within 60 days from LoA

Incorporation of a new SPC for implementation of this project

Within 90 days from LoA

Execution of Lease Agreement Within 120 days from LoA subject to fulfilment of condition precedents

Payment of Balance Lease Premium

In 3 equal yearly installments of 25% each on or before the anniversary date of last installment paid

Site Handing over & Railway Staff Quarters Redevelopment

As prescribed in Part-V

Other Milestones

Mr. R.K. Dua & Mr. Rana Sanjay Prasad

ADROIT & CO & RSP ADVISORS

Project Financial & Marketing Consultants, New Delhi

M: 09811113130 and 09873567115

E: [email protected] and [email protected]

Mr. Sunil Verma

General Manager

Tel: (011) 24674315

M.: 09717631055

E: [email protected]

Mr. Jatinder Kumar

DGM/(P-II), RLDA

Tel: (011) 24102062

M.: 09717631068

e-mail: [email protected]

Rail Land Development Authority (RLDA)

Fax:011-24104793

Website: www.rlda.indianrailways.gov.in

ADROIT - RSP ADVISORS Financial & Marketing Consultants,

New Delhi

mailto:[email protected]




http://www.rlda.indianrailways.gov.in/