HSIIDC invites international competitive bids for world class recreation & leisure project
350 acres of price free hold land at GURGAON
HSIIDC invites sealed international Competitive Bids for 350 acres of Prime Freehold Land, Locate on Gurgaon-Faridabad Road in Village in Wazirabad, District, Gurgaon, forming part of Sector-42, 53 and 54, Gurgaon and the agricultural zone, for setting up world class Recreation and Leisure Project comprising Commercial, Residential, Sports & Gold Course facilities.
Locate on Gurgaon-Faridabad Road in Village in Wazirabad, District, Gurgaon, forming part of Sector-42, 53 and 54, Gurgaon and the agricultural zone, for setting up world class Recreation and Leisure Project comprising Commercial, Residential, Sports & Gold Course facilities.
Gurgaon, christened the Millennium city is in the vicinity of New Delhi on NH-8 and is the Corporate Capital of India. It is also a Major hub for IT/ITES industry & real estate development of India.
OPENNING DATE : 14TH JANUARY 2009
CLOSING DATE : 13TH MARCH 2009
DATE OF PREE BID METTING : 30TH JANUARY 2009 AT 11:30 HOURS IN HSIIDC corporate office at Parchkula
For Information Please call : 91-172-2590481
PERMISSIBLE USES* & AREA DETAILS** IN ACRES
Total Land : 350.715 Acre
Residential : 38.47 Acre
Commercial : 19.24 Acre
Golf Course : 20.00 Acre
Sports Complex & related infrastructure : 20 Acre
Area under Punjab Land Preservation Act 1900** : 241.50 Acre
Area under RADAR Restriction Zone and Punjab : 85.00 Acre
Land Preservation Act 1900***
(*) Details of permissible users are in the bid document.
(**) Area details are tentative and subject to actual demarcation at site.
(***) These areas are to be utilized as per permissible land uses.
RESERVE PRICE Rs. 11978/- Per square Meter
ELIGIBILITY:
• Bidder shall be an Individual Company or consortium of Companies or Joint Venture.
• The Bidder or Lead member of the Consortium shall be a company listed on recognized stock exchange anywhere in the world with a minimum net worth of INR 500 Crore as on March 31st 2008 and should have completed the development of and successfully operated an 18-hole international PGA standard Gold Course along with clubhouse and other facilities for a minimum period of 5 years.
• The Bidder or lead member shall hold the highest equity among the consortium members subject to a minimum of 51% of the total equity in the project and continue to hold the same for a period not less than 3 years from the successful completion of the project or payment of all obligations to the Government, whichever is late.
• In case the Single Bidder does not fulfill the technical eligibility criteria, he can form a consortium with a party meting the above eligibility standard, which shall invest a minimum of 25 % of the total equity in the project. Such party shall not be allowed to reduce or dilute its share and investment in the project for a period of three years from successful completion, commissioning and operation of the Golf Course and allied facilities.
HOW TO APPLY.
Interested parties may submit sealed bid in two parts viz Technical and Financial, as per the format detailed in the bid document along with Rs. 25 Crore as Earnest Money by way of Demand Draft drawn in Favour of HSIIDC.
PAYMENT TERMS:
10% of the bid amount to be deposited within 15 days from the date of letter conveying acceptance of the bid.
15% within 90 days from the date of letter conveying acceptance of the bid.
Balance 75% in 14 half-yearly installments with interest @ 11% per annum. First installment, shall fall due on completion of Six months from the date of allotment letter .
OTHER TERSMS & CONDITIONS:
Site is offered on as the where is basis.
Successful bidder shall obtain at his own risk and cost all statutory clearances including permission under Aravali notification dated 7/5/92. PLPA 1990, forest Conservation Act, EIA notification & other applicable statutory clearness from concerned authorities before undertaking any development works at site. The bidders are advised to carry out due diligence in this behalf before submission of the bids.
For detailed terms & conditions, interested parties may procure bid document from the address given below or download the same from HSIDC website. Wwwhsiidc.org.
HSIIDC reserves the right to withdraw the bid process without assigning any reasons. dated : 20-01-2009
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