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Commercial Development of Vacant Land Plot at Gautam Budh Institute Gaya (East Central Railway)

Commercial Development of Vacant Land Plot at Gautam Budh Institute Gaya (East Central Railway) Pre Bid Conference Rail Land Development Authority 9 th April 2010 Presentation Structure About the Project Introduction to the City Site Overview City Real Estate Overview

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Commercial Development of Vacant Land Plot at Gautam Budh Institute Gaya (East Central Railway)

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  1. Commercial Development of Vacant Land Plot at Gautam Budh Institute Gaya(East Central Railway) Pre Bid Conference Rail Land Development Authority 9th April 2010

  2. Presentation Structure About the Project Introduction to the City Site Overview City Real Estate Overview Development Control Regulations Bidding Process Payment Structure

  3. Presentation Structure About the Project Introduction to the City Site Overview City Real Estate Overview Development Control Regulations Bidding Process Payment Structure

  4. The Project • RLDA, a statutory body of Indian Railways formed through an amendment to the Railway Act, 1989. By this amendment, the Railways are authorized to carry out Commercial development of Railway land. • Rail Land Development Authority envisages the commercial development of one land parcel at Gaya under East Central Railways (Mughalsarai)

  5. Presentation Structure About the Project Introduction to the City Site Overview City Real Estate Overview Development Control Regulations Bidding Process Payment Structure

  6. Gaya – An Overview… NH-83 GAYA NH-02

  7. Major Attractions of Gaya Vishnupad Temple The Vishnupad temple is main tourist attraction of Gaya. The temple located on the west bank of Falgu River is visited is a sacred place for Hindu relegion Bodh Gaya-About 15 kms from Gaya, is Bodh Gaya, the place where Gautam Buddha got enlightenment Brahmyoni Hill Ghats, temples, Akshayavat, along the banks of the sacred Falgu River. Bitho Sharif is also a tourist spot situated on Gaya-Patna route

  8. Presentation Structure About the Project Introduction to the City Site Overview City Real Estate Overview Development Control Regulations Bidding Process Payment Structure

  9. The Site - Location in city To Patna Gaya Railway Station Railway Road Site To Bodh Gaya

  10. Location of the site in the city….. GAYA RAILWAY COLONY RAILWAY TRACK SITE KARIMGANJ RESIDENTIAL AREA RAILWAY HOSPITAL

  11. Site Context

  12. Site Plan

  13. Site Topographic plan

  14. Site Photographs (1/2) Front View of the Structure on the site Rear view of the structure on the site

  15. Site Photographs (2/2) Railway Road Railway Quarter near the site View of Railway station from the site Access Road Site views

  16. Site Potential • Excellent Accessibility from the Gaya Railway Station • Good visibility from the main road. • Located in the heart of the city • Proximity of the emerging hubs of residential, organized retail and commercial development of the city • One of the very few large land parcels available for real estate development at Prime location in the city. • Land form and topography flat and suitable for the construction Owing to location and accessibility, site possesses good opportunity for real estate development.

  17. The Real Estate Story • Residential developments are taking place in areas like A.P. colony, Vishnupadh area and White house compound. • The retail market has been growing in the city along the Dak Bunglow road, Swarazpuri road and Tekari Road located in proximity to site. Organized retail like Vishal Mega mart (12,000 sft) at Swarajpuri road. • The city has witnessed commercial offices building of banks and insurance companies like ICICI and LIC but commercial real estate is at its nascent stage. • Commercial office spaces are mainly concentrated on the major roads of the city like S.P. road, G.B. road and Tekari road.

  18. Prime Residential Areas Site White House Compound AP Colony Vishnupad Area

  19. Commercial & Retail Areas G B Road Dak Bungalow Road Site Swarajpuri Road

  20. Hospitality Trends • Gaya is a very important pilgrimage tourist hub with Vishnupad temple, which enshrines the footprints of Vishnu. • Bodh Gaya is situated at a distance of six miles, one of the holiest & sacred places for Buddhists in the World. • Hotels in Gaya are concentrated near and around the station.

  21. Presentation Structure About the Project Introduction to the City Site Overview City Real Estate Overview Development Control Regulations Bidding Process Payment Structure

  22. Applicable Development Controls. • Bihar Regional Development Authority Act governs the development control in the city of Gaya. • As per Gaya Regional Development Authority following Development controls are applicable for commercial use:

  23. Likely Project Features

  24. Presentation Structure About the Project Introduction to the City Site Overview City Real Estate Overview Development Control Regulations Bidding Process Payment Structure

  25. Bidding Structure • Bidding Process to be carried out in a single stage two packet system by submission of ‘Eligibility Proposal’ & ‘Financial Bid’. • Financial Bids of only those Bidders found eligible on the basis of Eligibility Proposal shall be opened. • Financial Bids to be submitted in the form of “quoting lease premium” • The Bidder giving the highest Financial Bid, provided the Bid is responsive shall be declared as Selected Bidder

  26. Development Model • The Developer shall be granted rights to construct, operate and maintain the assets, facilities and project utilities upon the Site • The Developer shall be granted Lease Rights through a separate Lease Deed after the Developer has; • either paid to RLDA the entire amount of Lease Premium, • or furnished to RLDA, Bank Guarantees for payment of the remaining Installments. • The Developer shall be permitted to market the sub-lease of the Built Up Area as permitted in the Development Agreement through the sub-lease deeds.

  27. Technical Eligibility of Bidders • The Bidder / any Member of the Consortium (holding at least 10% equity in Consortium and SPV) should have successfully completed (as developer or contractor or owner) at least one real estate project (residential, commercial, township, institutional etc.) of Built Up Area of 5000 Sq.M in the last 10 years Alternatively • The Bidder or the Members of the Consortium (holding at least 10% equity in the Consortium and SPV) should have successfully completed (as a developer or contractor or owner) multiple real estate projects (residential, commercial, township, institutional etc.) with aggregate Built Up Area of 15000 Sq.M. in the last 10 years.

  28. Financial Eligibility of Bidders • The aggregate tangible net worth (the “Net Worth”) of the Bidder should be at least Rs. 5,00,00,000 (Rupees Five Crore only) as per the latest audited balance sheet • The Members of the Consortium (holding at least 26% of equity in Consortium and SPV) are allowed to aggregate their individual Net Worth to meet this criterion.

  29. High Net worth • If the Net Worth of a single Bidder / Lead Member of a Consortium of the Bidder is Rs. 25,00,00,000/- (Rupees Twenty Five Crore only), the Technical Eligibility will not be necessary.

  30. Presentation Structure About the Project Introduction to the City Site Overview City Real Estate Overview Development Control Regulations Bidding Process Payment Structure

  31. Payment Terms • Reserve Price is INR 1.8 Crore. • Lease Rent- 0.5% of quoted Lease Premium • Payment terms of the quoted Lease Premium -

  32. The Way Ahead

  33. Further Queries can be addressed to • General Manager/Project-II Rail Land Development Authority (RLDA), Next to Safdarjung Railway Station, MotiBagh – I, New Delhi – 110021, India. Tel: (011) 24103517, Fax: (011) 24104793. Email: gmproj@rlda.in • Jt. General Manager/Project-II Rail Land Development Authority (RLDA), Next to Safdarjung Railway Station, MotiBagh – I, New Delhi – 110021, India. Tel: (011) 24102062, Fax: (011) 24104793. Email:jgmproj.rk@rlda.in

  34. Thank you

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