DEVELOPMENT OF RESIDENTIAL & COMMERCIAL
PROJECTS IN PATNA ON PPP BASIS
Project Information Memorandum
“Changing Urban Landscape of Bihar”
Background
1
Bihar State Housing Board
a State level nodal agency
to provide “housing for all”.
Operates under Urban Development & Housing
Department (UD&HD), GoB
BSHB envisions to develop 1,00,000 housing units
across Bihar in next 5 years
Public Private Partnership (PPP) is the preferred mode
Pilot Projects already approved by State Cabinet
Bids invited for 3 projects
• Transaction Advisors: Deloitte Touche Tohmatsu India Pvt.
Ltd. in association with Kapoor & Associates and ASA Law
• Architect Consultants (for Bundled Project): Black Inc,
Ahmedabad
2
Pilot Projects under consideration
Proposed Sites for Development
# Project Type Site Location Site
Area Type
Proposed
Development
1 Bundled
Project:
Residential
cum
Commercial
Projects
Sector 5,
Bahadurpur
(Opp. TV Tower)
10.17
acres Greenfield
• 1,596 Flats
• Commercial
Complex (Mall,
Office, Shopping
Complex etc.)
DS Sector,
Kankarbagh
(3 Sites)
4.20
acres Greenfield
2 Lohianagar
(Kankarbagh) Sector-
S, T, U –Rental
~
32.35
acres
Brownfield • ~2,488 Flats +
Commercial
3 Bahadurpur Sector-
3,6
~
74.41
acres
Brownfield • ~8,454 Flats +
Commercial
4 Katari, Mustafabad,
Gaya
~ 125
acres Greenfield
• ~12,696 Flats +
Commercial
5 Damodarpur,
Muzaffarpur
~21.75
acres Brownfield
• ~1,496 Flats +
Commercial
6
a
Commercial
Projects
L-Sector,
Lohianagar,
Kankarbagh
1.70
acres Greenfield
• Commercial
Complex (Mall,
Office, Shopping
Complex etc.)
6
b Hanuman Nagar,
Kankarbagh
0.55
acres Greenfield
• Commercial
Complex (Mall,
Shopping
Complex etc.)
RfP
Issu
ed
RfP
Issu
ed
Upcom
ing
Project
s
Background
Bundled Residential and
Commercial Projects
3
About the Project – Bundled Project
4
# Factor Description
1 Name of the
Project Development of: Residential Property at Sector-5
Bahadurpur, Patna bundled with
Commercial Property at DS Sector, Lohianagar, Patna
2 No. of
Development
Sites
Four (4) sites:
Greenfield Residential Site ~ 10.17 Acres at Sector-5
Bahadurpur (Patna)
3 Commercial Greenfield Sites at same location with total
~ 4.20 Acres at DS Sector, Lohianagar (Patna)
3 Proposed
Development Residential: As per BSHB Architectural design, drawings
& Specifications
Commercial: As per applicable developmental norms
4 Key features Single Greenfield land parcel of 10.17 acres
Excellent road connectivity (80 ft) and central
location; 3 Side open Plot
Authority to secure Environmental Clearances and
architectural drawings/ plan approval
Developer to upfront receive: 4.20 acres of
Commercial Site at DS Sector, + 37,926 sq.ft. of
commercial development at the Residential Site
Bonus provision for early construction
Advance Bookings of Commercial and Flats Under
Grant allowed
5 Estimated
Project Cost Rs.561 Cr
6 Lease Period
& Renewals
Perpetual Lease *
*Renewable at each 30 years, at nominal renewal charge
One of the single largest green-field Residential Projects
in the heart of the city…
Bundled Project – Residential Site
5 View of Bahadurpur, TV Tower site and Adjoining TV Tower
Land Area: ~10.17 acres Layout Plan
Bundled Project – Commercial Sites
6
DS Sector – Site A Land area
DS Sector – Site C
3 sites with total land approx. 4.20 acres situated at DS Sector,
Lohianagar (Patna)
DS Sector – Site B
• Site B approx. 1.13 acres
• Site A approx. 2.38 acres
Layout Plan
• Site C approx. 0.69 acres
PPP
PPP Development Model
7
Receives leasing rights
(comm., grant flats)
Undertakes
development of
commercial
components such as
retail, office
development
1 2
3
4
5
Part Revenues to fund
cost of development of
residential flats for
BSHB
6
7
Players participate in Bidding Process for
Residential cum Commercial Projects (based on technical
and financial qualifications)
Development of Residential
Flats 2BHK Flats
Private Developer (get selected) Bihar State Housing
Board
1
2
Land for Commercial
Development
Land for Residential
Development
3
Allotment of Housing Units
(excl. flats under grant) by BSHB
Flow of PPP related activities undertaken by both parties
O&M for 2 Years
and handover to
RWA
Earns revenues from
commercial spaces & flats
under grant
Selection of Private Player for Bundled
Project – Selection Criteria
8
Selection through International Open Competitive Bidding Process
Technical Eligibility Criteria:
I) Minimum Qualification:
Residential Construction/ Development Experience* >= 3.05 Acres in last 5
years;
Commercial Construction/ Development Experience* >= 1.26 Acres in last
5 years;
II) Technical Capacity:
Project Experience of > Rs. 841.50 Cr in last 5 years
At least 1/4th from Eligible Projects (> Rs. 112.20 Cr.) in Category 1 and/ or
Category 3
III) Financial Capacity:
Minimum Net Worth of Rs.140.25 Cr
Category 1 and 3 would be deemed to include housing, residential townships
and mass housing.
Category 2 and 4 (core Sector) would be deemed to include real estate, factory
buildings, industrial buildings, industrial parks, port terminal, airport terminal,
railway stations, commercial complexes and office complexes.
IV) Financial Bidding Criteria:
Lowest Grant quoted in terms of “Number of Flats” or Highest
Premium offered
* Proof = clients work orders and completion certificates from Client/Engineer/app.
Government Instrumentality
There is no Cap on the Number of Flats under Grant quoted by the Bidder
Standalone Commercial
Projects
9
About The Project
10
Lease for Commercial Development of :
• approx. 1.70 acres of Land at L- Sector in Kankarbagh, Patna &
• approx. 0.5463 acres of Land at Hanuman Nagar in Kankarbagh, Patna
# Factor Description
1 Name of the
Project • Commercial Development at L- Sector in Kankarbagh,
Patna
• Commercial Development at Hanuman Nagar in
Kankarbagh, Patna
2 No. of
Development
Sites
• L Sector Project : One site ~ 1.70 Acres of land
• Hanuman Nagar Project: One site ~ 0.55 acres
3 Total Built up
Area • L Sector Project : Approx. 17,200 Square Meters,
FAR = 2.5
• Hanuman Nagar Project: Approx. 5,527 Square Meters,
FAR = 2.5
4 Key features • Excellent road connectivity and central location
• Suitable for commercial assets – Mall, Multiplex,
Offices, etc.
• No restriction on product mix
5 Estimated
Project Cost
(in INR crore)
• L Sector Project : Approx. INR 59.74 Cr
• Hanuman Nagar Project: Approx. INR 15.71 Cr
6 Lease Period
& Renewals
Perpetual Lease *
*Renewable at each 30 years, at nominal renewal charge
About The Project – L Sector Project
11
L Sector site area – 1.70 acres L Sector site – Frontage
Good Frontage and
Depth
About The Project – Hanuman Nagar Project
12
Hanuman Nagar site area – 0.546
acres
Hanuman Nagar site access
PPP Development Model
13
Leasing rights
Undertakes
development of
Commercial
Components
Earns revenues from
sub leasing of
commercial spaces
1 2
3
4
5
6
Players participate in Bidding Process for specific project(s)
(based on technical and financial qualifications)
**Earns**
• Lease Premium (one time) +
• Fixed Annual Lease Rent (Notional
amount)
Private Developer (get selected)
1
2
Land for Commercial
Development
Bihar State Housing Board
PPP
Flow of PPP related activities undertaken by
both parties
Selection of Private Player for Bundled
Project – Selection Criteria
14
Selection through International Open Competitive Bidding Process
Technical Eligibility Criteria:
I) Technical Qualification: (In last Five Years)
L-Sector Project: Commercial Construction/ Development Experience >=
34,440 Sq Mt;
Hanuman Nagar Project: Commercial Construction/ Development
Experience >= 11,054 Sq Mt;
II) Financial Capacity:
L-Sector Project: Minimum Net Worth of Rs.14.94 Cr
Hanuman Nagar Project: Minimum Net Worth of Rs.3.93 Cr
III) Financial Bidding Criteria:
Highest Lease Premium. “Highest Bidder” shall mean the Bidder who is
offering the highest Lease Premium.
Way forward
15
Sl. Event Description Date
1. Pre-Bid Conference – Mumbai @
Hotel Taj Lands End
6th September 2013
(11.30 am - 4:00 pm)
2. Bid Due Date 20 September 2013
Come partner with us …………
This Project Information Memorandum is for information purposes
only. For detailed terms and conditions, commercial and legal rights
and obligations etc., kindly refer to bidding documents issued by
BSHB. Please refer the link for further details –
http://www.bshb.in/currentTenders.aspx?GL=4&PL=1
For any queries please email at: [email protected],
Mobile: +91-9473197748