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Project Information Memorandum (PIM)

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Project Information Memorandum (PIM) RAIL LAND DEVELOPMENT AUTHORITY A Statutory Authority under Ministry of Railway Government of India Project Information Memorandum (PIM) for Grant of lease for Commercial Development on approx.1272 sq. m. of Vacant Railway land at Poornanandampet, Vijayawada, Andhra Pradesh Rail Land Development Authority Near Safdarjung Railway Station Moti Bagh-1, New Delhi-110021 Page 1 of 14 Disclaimer The information provided in this Project Information Memorandum (PIM) is solely for information and RLDA shall not be responsible for any inaccuracy in it. Each Bidder should conduct their own investigations and analysis, and should check the accuracy, reliability and completeness of the information in this PIM and wherever necessary obtain independent information from appropriate sources. RLDA, their employees or any of its agencies/consultants/advisors make no representation or warranty and shall incur no liability under any law, statute, rule or regulation as to the accuracy, reliability or completeness of the PIM. Page 2 of 14 Contents of PIM This PIM document provides the information to the prospective bidders about the site at Poornanandampet, Vijayawada, Andhra Pradesh, India to assist them in undertaking due diligence of site, preparing and submitting their bid in response to the Request for Proposal document (RFP). 1.0 Introduction………………………………………………………………………………….. 4 2.0 Site Features…………………………………………………………………………………. 4 a) Location……………………………………………………………………………………… 4 b) Land Title, Area of Site, Land Use & Sub-Division………………………………………... 6 c) Site Surroundings……………………………………………………………………………. 6 d) Existing Development at Site………………………………………………………………... 7 e) Infrasturcture…………………………………………………………………………………. 7 3.0 Project Potentiality and Illustrative Development Plan……………………………………… 8 3.1 Project Potentiality…………………………………………………………………………… 8 4.0 Site Plan……………………………………………………………………………………… 9 5.0 Proudct Mix………………………………………………………………………………….. 10 6.0 Lease Period………………………………………………………………………………….. 10 Annexure-1…………………………………………………………………………………... 11 Annexure-2/1………………………………………………………………………………… 12 Anneure/2/2………………………………………………………………………………….. 13 Topo Plan……………………………………………………………………………………. 14 Page 3 of 14 1.0 Introduction The Indian Railways is desirous of commercial development of their land plots in various locations that are presently lying unused and railway operations are not envisaged in the foreseeable future. The said objective of Indian Railways is being carried out by 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 Railways land. As part of this initiative of Indian Railways, one site has been identified in Poornanandampet, Vijayawada, Andhra Pradesh, India. Jones Lang LaSalle Property Consultants (India) Pvt Ltd has been appointed by RLDA as Consultant for assisting RLDA in carrying out an assessment of the real estate potential of the railway land in Vijayawada and in selecting a developer through competitive bidding process. The study done by Jones Lang LaSalle Property Consultants (India) Pvt Ltd for the railway land at Vijayawada involved market assessment, assessment of on-site infrastructure, stakeholder interaction, discussion with development authorities and site analysis. This led to identification of various development options and product mix. Conceptual plans were drawn up for suitable option based on the applicable development controls norms and guidelines of the local development authority and based on these the potential of the land has been arrived at. This PIM provides relevant information to the prospective Bidder obtained from the study. 2.0 Site Features a) Location Vijayawada, one of the thirty-five metropolitan cities in the country, is the third largest city in the state of Andhra Pradesh after Hyderabad and Visakhapatnam. It is located on the banks of river Krishna. It is considered as the agricultural and commercial capital of Andhra Pradesh. Vijayawada is an important link in connecting the three regions of Andhra Pradesh namely Telangana, Coastal Andhra and Rayalaseema and is a major transit point in Southern India. Vijayawada is located on the banks of the sacred river Krishna and is bounded by Indrakiladri Hills on the West and Budameru River on the North. The Northern, North- Western and South-Western parts of the City are covered by a low range of hills, while the Central, South-Western and North-Western parts are covered by rich and fertile agriculture lands with three irrigation canals criss-crossing them. 4 Google image of Vijayawada city SITE Site Location Map 5 a) Land Title, Area of Site & Land Use Land Title: A copy of Land Title is enclosed as Annexure-1. Plot Area: 1,272 sq. m (approx. 0.31 acres). Present Land Use: As per the Master Plan of Vijayawada-Guntur-Tenali- Mangalagiri Urban Development Authority (VGTM/UDA) and as per the records of Registration and Stamps Department, Government of Andhra Pradesh, the present designated land use of the Site was ‘Residential’ (Urban Vacant Land: Residential). The permission of land use change from existing use of Residential to proposed use of commercial has been obtained from Principal Secretary to Government of (UD), and Andhra Pradesh vide G.O. Ms. No. 331 dated-5.08.2011 and accordingly Zonal Development has been modified. A copy of G.O. is enclosed as Annexure-2. Sub-Division of Land: The extent of measure of site is 1493.39 sqm in NTS no. 612, Ward no. 8, Block no.17 of Vijayawada village, Vijayawada Urban Mandal. The proposed area is to be given on lease is 1272 sqm only which is as per site measurement. The RLDA will arrange sub-division as per requirement before signing of Agreement, which is in process. b) Site Surroundings The Site is located amidst a busy and dense location, close to the city railway station. Its immediate connectivity is to Gandhinagar, Poornanandampet and Governorpet etc. The site is almost rectangular in shape with plain & flat topography. The subject site is having a good frontage of nearly 57 m. and depth of 22m on the station entry road. This is the only vacant space available near the Railway Station. Divisional Railway Manager’s office of Vijayawada Division is located at an approximate distance of 100m from the site. There is no encroachment on the site and the site is having proper boundary wall/fencing on all four sides. Divisional Railway Hospital is on the opposite side of the subject site. North: Hotel Kamalaya and Road to Pezzonipet West: Pingaliswamy Road, Railway Hospital off the road (Site Access Road) South: Railway Wrestling Yard, Temple East: Private Residential properties Photo of the site 6 Site access road, with the site lying on the left side of the road c) Existing Development at Site The site is presently vacant. d) Infrastructure Approach Road: The site is presently accessible by an approx. 12.0 – 13.0 m wide road (on the western boundary) connecting city Railway station and Gandhinagar via Poornanandampet. 13 m. Site Access Road on which site has a frontage of 57 m. Power, Water, Sewerage & Solid Waste Management: The site is one of the very few vacant land parcels in an otherwise developed area. Physical infrastructure like power, water, sewerage and solid waste management facilities are available in the area. 7 3.0 Project Potentiality and Illustrative Development Plan 3.1. Project Potentiality Strengths: Major Strength of the site is its’ location in close proximity to the city Railway station. The site enjoys very good connectivity to different parts of the city viz., central area, new central area and suburb of the city located at an approximate distance of 1-3 km from the site. The Railway station and Pandit Nehru Bus Station are located at an approximate distance of 0.2 km and 2.0 km respectively from the site. The site is located amidst a well consolidated and dense area where availability of a contiguous land parcel of 1,272 Sqm. is a significant strength. Opportunities: The site surrounding is densely inhabited. This is a potential site for hotels, restaurants and the like. Also, close proximity to Railway station makes the site feasible for uses like Budget Hotel, Shopping Complex etc. In spite of its close proximity to Railway Station the site micro-market, does not have good restaurants and / or budget hotels, shopping complexes etc. 8 4.0 Site Plan 9 5. Product Mix: As per study surrounding markets, consultant suggested various options for development are budget hotel, shopping centre and commercial office. 6. Lease Period: 45 Years. 10 Annexure-1 11 Annexure-2/1 12 Annexure-2/2 13 14 .
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