MHADA has floated tender for redevelopment of 6.2 million sq ft prime land in Mumbai. Comprising of more than 5,000 tenements.

By Varun Singh

MHADA has floated tender for redevelopment of a prime land spread across 6.2 million sq ft in Mumbai.

The project is meant to rehabilitate more than 5300 tenants, is one of the biggest redevelopment that MHADA aims to carry out

Details of the tender:
Executive engineer Mumbai housing and area development board a regional unit of MHADA through the process of e-tendering has invited digitally signed and unconditional online tender from eligible bidders for the work of redevelopment of Motilal Nagar I, II and III by MHADA through a construction come development contract along with work of development of DP designation/reservations/amenities etc and on-site/off-site related infrastructure activities on the basis of sharing of balance FSI (after reducing rehab component (rehab plus Slums plus DP designation/reservation/amenities etc. And on site/offsite related all infrastructures) to MHADA (Bid share criteria).

Project to be completed in 7 years:
Time limit for completion of construction of rehab component and Mhada share is 84 calendar months including monsoon period.

Area of the project:
The gross plot area is 5,79,243 sq mts,(62 lakh sq ft or 6.2 million sq ft) of which Motilal Nagar I is 3,51,556 sq mts, while Motilal Nagar II & III measures 2,27,687 sq mts.

Number of tenants:
The brief of rehabitation component includes rehab tenement approximately 3717 numbers and slum tenements approximately 1600 numbers plus DP designations/reservation/amenities (as per DP 2034 & MHADA layout approval).

FSI:
The permissible FSI is four and as applicable under DCPR 2034.

EMD:
Bid Security/EMD in the form of demand draft of Rs 50 Crore.

Bid Process:
The bidders have to submit their bids in single stage, to be envelops e-tendering process. The first E envelope technical bid shall be evaluated to ensure technical and financial qualification. Bidding company shall have experiences mention in the RFQ come RFP document the bidders shall have to produce original documents for verification the project will be awarded to the eligible bidder putting the highest percentage of bid share criteria.

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Start date & End date:
The starting date of Downloading RFQ cum RFP document is October 28, 2021 at 11 am and the closing date is December 13, 2021 at 1 pm.

The last date to send queries is November 11, 2021 5 pm queries can be sent through email only.

The pre-bid meeting will be held at 11 AM on November 15, 2021 at MHADA headquarters.

The physical submission of bid security in the form of original demand draft can be done on December 13, 2021 from 1 pm to 3 pm.

Date for bid opening:
The date and time of opening of the envelop one which is the technical bid is December 14, 2021 at 3 pm in the office of the executive engineer at MHADA headquarters.

Eligible bidders to be informed:
The e-envelop 2, which is the financial bids will be opened only of the eligible bidders of which date and time will be intimated to eligible bidders by email separately.

Tenants unhappy:
The tenant Assocuation of Motlilal Nagar are unhappy. Nilesh Prabhu of Motilal Nagar Vikas Samiti, said, “House owners have not been taken in confidence in entire process. We expect Mhada to go as per their existing redevelopment policy. We will fight in Court.”

Also Read: Hold Your Breathe: At Rs 1.87 lac PSF This is India’s Most Expensive Real Estate Deal

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