Development of MFC at railway station Rail Land Development Authority

MINISTRY OF RAILWAYS RAIL LAND DEVELOPMENT AUTHORITY (RLDA)

PROJECT INFORMATION MEMORANDUM

FOR

MULTIFUNCTIONAL COMPLEX

AT Lokmanya Tilak Terminus Model

Rail Land Development Authority

NearRequest Safdarjung for Railway Qualification Station, Moti Bagh -1

New Delhi – 110021 For

PPP Projects

Project Information Memorandum (PIM) Page 1

Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

DISCLAIMER

This Project Information Memorandum (the “PIM”) is issued by Rail Land Development Authority (RLDA) in pursuant to the Request for Proposal vide to provide interested parties hereof a brief overview of plot of land (the “Site”) and related information about the prospects for development of multifunctional complex at the Site on long term lease.

The PIM is being distributed for information purposes only and on condition that it is used for no purpose other than participation in the tender process. The PIM is not a prospectus or offer or invitation to the public in relation to the Site.

The PIM does not constitute a recommendation by RLDA or any other person to form a basis for investment. While considering the Site, each bidder should make its own independent assessment and seek its own professional, financial and legal advice. Bidders should conduct their own investigation and analysis of the Site, the information contained in the PIM and any other information provided to, or obtained by the Bidders or any of them or any of their respective advisers.

While the information in the PIM has been prepared in good faith, it is not and does not purport to be comprehensive or to have been independently verified and neither RLDA nor any of its officers, employees, advisers or consultants accept any liability or responsibility for the accuracy, reasonableness or completeness of, or for any errors, omissions or misstatements, negligent or otherwise, relating to, or makes any representation or warranty, express or implied, with respect to, the information contained in the PIM or on which the PIM is based or with respect to any written or oral information made or to be made available to any of the Bidder or its professional advisers and, so far as permitted by law and except in the case of fraudulent misrepresentation by the party concerned, any liability therefore is hereby expressly disclaimed.

The information contained in the PIM is selective and is subject to updating, expansion, revision and amendment. It does not, and does not purport to, contain all the information that a Bidder may require. Neither RLDA nor any of its advisers undertakes to provide any Bidder with access to any additional information or to update the information in the PIM or to correct any inaccuracies therein, which may become apparent. Each Bidder must conduct its own analysis of the information contained in the PIM and is advised to carry out its own investigation into the prospects of developing the Site, the legislative and regulatory regime which applies to commercial development in , and all matters pertinent to the Site and to seek its own professional advice on the legal, financial, regulatory and taxation consequences of entering into any agreement or arrangement relating to the proposed Site.

The PIM is for use only by the Bidders. The PIM may not be copied, or distributed by any Bidder to third parties (other than in confidence to that Bidder’s professional advisers) or prospective consortium members. Under no circumstances should Bidders make contact with officers or employees of MOR unless invited by the MOR or in accordance with the PIM.

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

TABLE OF CONTENTS

S.NO PARTICULARS

Lokmanya Tilak Terminus

1.1 City Profile 4

1.2 Executive Summary 5

1.3 Location On City Map and Connectivity 6

1.4 Demography 8

1.5 Rail Passenger Traffic 8

1.6 Site Location and Attributes 10

1.7 Site Layout Plan 13

1.8 Site Photographs 14

1.9 Plot Details and Area Assessment 18

1.10 Retail/Real Estate Market 18

1.11 Suggested Product Mix 20

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

Please refer to General PIM-Knight Frank for the Tender Process chart, Project Potential, Guidelines on EOI and Clustering and Group Bidding on the RLDA website.

CITY PROFILE

2.1 INTRODUCTION

Mumbai is the capital of and is one of the most populous cities in India and the second most populous city in the world. It has a population of 14 million. It lies on the west coast of India and has a deep natural harbor. As of 2009 Mumbai was named an Alpha world city. It is the richest city in the country and is referred to as the financial capital of India. It contributes to 5% of India’s total GDP. It also accounts for 25% of industrial output, 70% of maritime trade and 70% of capital transactions to India’s economy.

The city consists of two distinct regions the and the . The city district region is commonly referred to as the Island city or . The city lies at the mouth of the on the western coast of India. The city is bounded by the Arabian Sea to the west. Many parts of the city lie just above sea level.

The Lokmanya Tilak Terminus (LTT) was formerly known as Terminus. The station is a rail head in a suburb of Mumbai. LTT is managed by the Central Railway. The Kurla and suburban railway stations are located nearby. It is one of the railway terminuses in the city. The others are Chhatrapati Shivaji Terminus, on the Central railway and Terminus and Mumbai Central on the Western Railway line. LTT has helped to balance the crowd from the Chhatrapati Shivaji Terminus.

Mumbai Skyline

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

Railway trains in Mumbai City skyline

1.3 EXECUTIVE SUMMARY

 Location - The Site is located next to LTT Railway station.  Land Area proposed - 1500 sqm. (50m x 30 m),  Built up Area 1800 sqm.  Existing development at site: None  Surroundings - North: Railway platform South: Open circulating area East: Open Railway land West: Station building  Accessibility - The site is accessible from circulating area .

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

2.2 LOCATION AND CONNECTIVITY

Mumbai being the financial hub of India is well connected with the rest of the country. It has a wide network of roads. It is served by 3 National highways. It also has an extensive railway network.

1: Location of Mumbai in Maharashtra

Mumbai

Source: Maps of India

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

Mumbai Railway Network

LTT

Roadways

Mumbai is served by three national highways, NH3, NH4 and NH8. The first ever Expressway built in India was the Mumbai – expressway. Presently the Mumbai-Vadodara Expressway, Western Freeway and are under construction. The Bandra- Sea Link Bridge, along with the causeway, links the island city to the .

The bus service of the city caters to 5.5 million people a day. The BEST operates a total of 4013 buses. The locals prefer buses for short to medium distances, while train fares are more economical for longer distance commutes.

Railways

Mumbai is the headquarters of two of India’s railway zones; the Central Railway (CR) headquartered at Chhatrapati Shivaji Terminus (formerly Victoria Terminus), and the Western Railway (WR) headquartered at . The backbone of the city's transport, the , consists of three separate rail networks: Central, Western, and Harbor Line, running the length of the city, in the north- south direction.

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

Mumbai's suburban rail systems carried a total of 6.3 million passengers every day in 2007, which is more than half of the daily carrying capacity. Trains are overcrowded during peak hours, with nine-car trains of rated capacity 1,700 passengers, actually carrying around 4,500 passengers at peak hours. The Mumbai rail network is spread at an expanse of 319 route kilometers. 191 rakes (ratin-sets) of 9 car and 12 car composition are utilized to run a total of 2226 train services.

Mumbai is well connected to most parts of India by the Indian Railways. Long-distance trains originate from Chhatrapati Shivaji Terminus, Dadar Station, Lokmanya Tilak Terminus, Mumbai Central Station, , and .

Airways

The Chhatrapati Shivaji International Airport (formerly Sahar International Airport) is the main aviation hub in the city and the busiest airport in India in terms of passenger traffic. In 2007, it catered to over 25 million passengers. The proposed International Airport to be built in the Kopra-Panvel area has been sanctioned by the Indian Government and will help relieve the increasing traffic burden on the existing airport.

The Aerodrome was India's first airport, and now hosts a flying club and a heliport.

2.3 DEMOGRAPHY

As per the census of 2001, Mumbai had a population of 11914398. The sex ratio is 774 (females per 1000 males) in the island city and 826 in the suburbs and 811 as a whole in Greater Mumbai. Mumbai has an average literacy rate of 77.45% with male and female literacy rate both equal. 12% of the population is under 6 years of age.

Description Breakup

Population Total: 11914398

Density of population 22000 per square kilometer

Average: 77.45% Literacy Rate

Source: Wikipedia 2.4 RAIL PASSENGER TRAFFIC

LTT falls on the of the Indian Railways. It is one of the terminuses in Mumbai. The other terminus on the Central Railway line is the CST.

i) No. of Passenger Trains per day – 24 (18 + 6 holiday specials )

ii) Average No. of passengers per day at station- 30480 Nos. (During peak season)

- 18288 Nos. (During regular period)

iii) Average passenger ticket earnings per day- INR 23.97 lakhs.

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

RAIL CONNECTIVITY MAP OF MAHARASHTRA

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

2.5 SITE LOCATION AND ATTRIBUTES

The Site is a 1500 sqm. plot in next to the LTT railway station. The railway platform lies to the North of the property. To the south lies the station circulating area while to the east is an open railway land. The station building lies to the west.

City View

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

Station surrounding areas

MFC Site

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

MFC Site location

Parcel Office

Platform no. 5

Station Building

Open Circulating Area

Project Information Memorandum (PIM) Page 12

Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

2.6 Site Layout Plan

50

All dimensionsAll in mts.

Project Information Memorandum (PIM) Page 13

Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

2.7 SITE PHOTOGRAPHS

Lokmanya Tilak Terminus

Station building

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

Site Area

Site Area

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

Site Area

View of the station circulating are from the site

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

View inside the station

View inside the station

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

Station Circulating Area

2.8 PLOT DETAILS AND AREA STATEMENT

The area of subject land plot is approximately 1,500 sq m, which is suitable for commercial (retail) and budget hotel development.

AREA STATEMENT FOR THE PROPOSED MFC

Area Statement

1,500.00 in SQM Site Area Utilized 16,140.00 In sft. Maximum Built up Area 19,368.00 In sft.

2.9 RETAIL/REAL ESTATE MARKET

Mumbai, formerly known as Bombay, is the commercial capital of India. Mumbai accounts for slightly more than 6% of India's economy contributing 10% of factory employment, 40% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of foreign trade and rupees 40,000 crore (US $10 billion) in corporate taxes to the Indian economy. Headquarters of a number of Indian financial institutions such as the , , National Stock Exchange, the Mint, as well as numerous Indian companies such as the Tata Group, Essel Group, Vedanta Resources and Reliance Industries are located in Mumbai. Most of these offices are located in downtown South Mumbai which is the nerve centre of the Indian economy. Many foreign establishments

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

also have their branches in the South Bombay area. Mumbai is the world's 38th largest city by GDP. Mumbai was ranked among the fastest cities in India for business startup in 2009.

Mumbai has traditionally owed its prosperity largely to its textile mills and its seaport till the 1980s. These are now increasingly being replaced by industries employing more skilled labour such as engineering, diamond polishing, healthcare and information technology. Mumbai is also the primary financial centre for India, hosting both the major Indian stock exchanges (BSE and The National Stock Exchange), brokerages, asset management companies (including majority of the mutual fund companies), headquarters of most Indian state-owned and commercial banks, as well as the financial & monetary regulatory authorities of India (SEBI and RBI among other institutions).

As Mumbai is the state capital, government employees make up a large percentage of the city's workforce. Mumbai also has a large unskilled and semi-skilled labour population, who primarily earn their livelihood as hawkers, taxi drivers, mechanics and other such proletarian professions. The port and shipping industry too employs many residents directly and indirectly. Like most metropolitan cities, Mumbai also has a large influx of people from rural areas looking for employment.

The entertainment industry is the other major employer in Mumbai. Most of India's television and satellite networks are located in Mumbai, as well as the major publishing houses. A large number of the Hindi and English television shows are produced in Mumbai. The Hindi movie industry, known by some as Bollywood, is also located in Mumbai, along with the largest studios and production houses. To add to this, most major advertising companies operating in India also have their primary office in Mumbai.

Inorbit Mall Oberoi Mall

Palladium Mall ITC Maratha Sheraton

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Development of MFC at Lokmanya Tilak Terminus railway station Rail Land Development Authority

Taj Mahal Hotel The Leela Kempinsky Hotel

2.9 SUGGESTED PRODUCT MIX

The Lokmanya Tilak Terminus is one of the busiest stations in Mumbai. Several outstation trains operate from this station. The location can thus hugely benefit from a Food Court area along with other retail formats. The products that are envisaged to be developed on the MFC sites as per the Indian Railways are:

HOTEL RETAIL RETAIL AMENITIES • Rooms (AC/ Non AC) • Retail • ATM • Dormitory Retail Shops/Dining • Clinic • Community • Anchor/Food Court/Food • Internet Center/Restaurant/Banq Plaza Café/ISD/PCO uet Vanilla Shops • Variety Store • Pharmacy/Book • Lounge Shops Stalls • Bank Branch + ATM • Prepaid Taxi Car Rentals • Cloak Rooms • Tourist Information Booth

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