Mumbai: There shall be no rest or adjustments within the tender bid norms and eligibility standards put up by Maharashtra State Highway Improvement Company (MSRDC) for growth of the celebrated 24-acre sprawl at Bandra Reclamation. Nonetheless, the final date for submission of bids has been prolonged from January 30 to February 6, vice-chairman and managing director, MSRDC, Anil Kumar Gaikwad advised the FPJ on Thursday.
Following a excessive degree assembly of high MSRDC officers to debate the 71-odd queries raised by high builders after the pre-bid assembly final week, Gaikwad stated, “We have now examined each question and have come to the conclusion that our course of is powerful and on observe. There isn’t a want for any adjustments.” Prime builders had raised issues concerning the bidding course of; a few of them alleged that MSRDC is favouring ‘one or two huge builders’ and that the bids are ‘tailored for a choose few”.
Open Aggressive Bidding Course of
Speaking to the FPJ, Gaikwad maintained that the method is considered one of “open aggressive bidding”. “Even a global developer can reply. So the place is the query of favouring a couple of?” he requested.
As of now, the monetary criterion of ₹15,000 crore internet price in a single single entity will stay, one other high MSRDC officer advised the FPJ. “We is not going to enable three way partnership (JV) choices as a result of our expertise with JVs up to now has been unhealthy. We’re in search of financially and technically robust builders who will be capable of undertake a mission of this magnitude and scale and full it on time,” Gaikwad added.
Income Sharing Mannequin
He clarified that since this is able to be a income sharing mannequin, MSRDC shall be within the loop at each stage vis-a-vis income era. “We aren’t promoting or auctioning the land parcel. We’re monetising it and are very a lot a part of the mission,” he stated. Within the income sharing mannequin, the developer must pay ₹8000 crore and also will must develop 50,000 sq ft space of workplace area and hand it over to MSRDC. A high official stated the GST can even must be borne by the developer.
Concerning issues raised by activists about MSRDC monetising huge open public areas, Gaikwad maintained, “We’re strictly going by the DC guidelines. Our guide JLL has knowledgeable us that it’s potential and effectively inside the framework of the laws, and that we are able to give you residential and business models right here,” he stated. A high officer, nevertheless, clarified that there are reservations for a cemetery and a promenade, which can stay. “We shall be making provisions for these,” he stated.
Based on sources, the highest builders who attended the assembly on Tuesday embrace Godrej Properties, Adani Realty, Sunteck Realty, Ok.Raheja Corp, L&T Realty, Wadhwa Group, Runwal, Oberoi Realty, Lodha, Sattva amongst others.