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 Kharghar Hill Plateau
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The Kharghar Hill Plateau, an emerald-green, serene and picturesque expanse, sits in the heart of Navi Mumbai. Situated at an altitude of about 200 m MSL, the Kharghar Hill Plateau is a part of the Sahayadri hill ranges of the Western Ghats.
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The undulating terrain of this area offers both challenges and opportunities to planners to develop it into an attractive and premium area, literally a jewel in the crown of Navi Mumbai. The area on the Kharghar hill plateau admeasures about 150 hectares (ha) of which about 100 ha is in CIDCO's possession and available for development. Since Kharghar, has been developed into a modern township with state-of-the-art infrastructure and important city-level developments like the formation of a special economic zone, an airport, a golf course, and a central park, the time is ripe to initiate a radical transformation of the hill plateau.
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The Vision:
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The vision is to develop the Kharghar hill Plateau in an eco-friendly fashion and metamorphose the site into an exclusive and premium area, which would significantly raise the value of the city of Navi Mumbai. The developer shall be expected to conceptualize an interesting Theme suitable to the site, in harmony with its lush surrounding nature. CIDCO would consider equity participation in the development of the Project.
Objective of CIDCO for the Project :
The Proposed Theme Development by the Bidder shall have to achieve certain objectives. The following points highlight the key objectives of CIDCO in developing the Kharghar hill plateau:
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To bring global recognition to the city of Navi Mumbai as well as add value to the city through a Theme based development
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To ensure that the Theme based development is aligned to the urban character of Navi Mumbai and accessible to citizens at large
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To ensure that the Theme based development also promotes tourism in Navi Mumbai area and is environmentally sound including incorporation of green energy efficient development
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To ensure that the Project is self sustainable and generates revenue
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Planning guidelines for the development :
The maximum permissible FSI for the development of the Kharghar Hill Plateau shall be limited to 1.0. The height restriction at the site shall be as per Airport Authority of India (AAI) norms subject to CIDCO's DCRs and special controls. CIDCO shall allow the Developer to develop 60% of Project area for the Proposed
Theme Development, whereas the balance 40% of the area can be residential and commercial developments related to the Proposed Theme Development.
Eligibility Criteria:
Financial Criteria:
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Networth of bidder as on March 31,2008 (Or applicable financial year ending date) shall be at least INR 2000 Crore (INR 20 billion) AND
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Average profit after tax + Depreciation of the bidder for the last two completed financial years shall be at least INR 200 Crore (INR 2 billion)
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Technical Criteria:
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For the proposed Theme Development by the Bidder as per CIDCO’s requirements, the Bidder should have developed and commissioned at least a single project of minimum area of 20 hectares in the past 7 financial years. AND
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The Bidder should have developed and commissioned multiple real estate projects of aggregate area of minimum 30 hectares in the past 7 calendar years starting from January 1, 2001. The number of projects that would be considered shall be maximum of 5.
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