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 Integrated complex at Seawoods Railway Station |
PROJECT |
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The Seawoods Railway Station in Navi Mumbai, which is located in the heart of Nerul node has up-front location advantage and this Railway Station which is part of two different Mass Rapid Transport Railway corridors namely Mankhurd-Panvel and Nerul-Uran has the latent potential of becoming an iconic and landmark development.
CIDCO has embarked upon developing an integrated complex at Seawoods Railway Station on an area of 16.16 hectares with a permissible F.S.I. of 1.5, which transcends into a potential development of 26 Lakh sq.ft. CIDCO also intends that development of this complex becomes a rewarding financial venture and it will be a value addition to the Navi Mumbai.
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| CONSULTANT |
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CIDCO has appointed consortium of CRISIL Ltd and JLL Ltd as Consultant to ascertain the market demand and financial feasibility for the project.
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| DEVELOPMENT MIX |
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The Consultant has carried out market demand analysis and has recommended that there is un-satiated demand for office, retail and hotel space. The development mix recommended by the Consultant would be made available to the qualified applicant’s along-with the RFP document. A state of art Railway Station with all commuter facilities and amenities will also be an integral part of the project.
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| BID PROCESS |
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The bid process for selection of the Developer would be a two-stage process i.e. RFQ followed by RFP and the first stage of the process has commenced on May 28, 2007. CIDCO invited applications from the International / National Developers of repute for pre-qualification. The qualification would be based on following criteria of Financial, Development and Marketing capabilities.
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| Financial Capability |
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1. The Net worth should be INR 500 Crores as on March 31, 2006.
2. The Average Net Cash Accrual over the last three years shall be INR 100 Crores.
3. They should have raised finance( debt/ equity ) of INR 500 Crores in last five years ( Not earlier than April 01, 2002 )
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| Development and Marketing Capability |
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1. They should have developed a single real estate project having commercial / retail space of not less than 5 Lakh Sq.ft. in last five years.
2. They should have developed and marketed cumulatively real estate projects ( Max. 5 ) having commercial/ retail space of not less than 15 Lakh Sq.ft. in last five years.
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