IRWO: Land Procurement

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A photograph of Zirakpur Housing Complex near Chandigarh

Land Procurement

The following is the position of procurement of land by IRWO for Group Housing at various locations:

1. Ahmedabad

Tender for turnkey project by a Builder for ready-built dwelling units including land transfer, had been called to be opened on 18-12-2013 for Ahmedabad. The tender was opened. Two offers were received which were not found suitable. The tender had to be discharged. A fresh tender has been floated and four offers have been received which have been sent to GM WZ Mumbai and ADRM Ahmedabad for inspection for suitability and report for further processing. The report received is under process

2. Kolkata.

Tenders for turnkey project by a Builder for ready-built dwelling units including land transfer, was opened on 11-03-2014 for Kolkata. No bids were received. In the meantime, a few plots of land offered in New Town, Rajarhat, Kolkata were inspected by the Land Committee on 21-05-2014. Letter of Intent has been issued for the purchase of 2.76-Acre of land in New Town, Rajarhat. The LOI has been accepted by the Seller and he is arranging the clearances required before IRWO can buy and register the land. Due diligence is in progress. Notice calling for objections to the purchase has already been published in newspapers.

3. Mumbai

Letter of Intent (LOI) for purchase of 10.5-Acre of land in Panvel on Mumbai – Goa highway was issued. The terms of LOI have been accepted by all the parties, and MOU has also been signed. Sale deed has been submitted to the Sub-registrar for franking and registration of land is to be done after checking the recently intrduced rules for FAR.

4. NCR

Tenders for a Turnkey project by a Builder for ready-built dwelling units, including transfer of land at Greater Noida (West), Rajnagar Extension, Bahadurgarh, Sonepat, Manesar, Bhiwadi and Narela in NCR were opened on 22-05-2014. In addition to three tenders received for Greater Noida (West), two tenders were received for Bhiwadi and one for Bahadurgarh. Financial bids for Greater Noida (West) and Bhiwadi were opened on 30-07-2014. Tender for Bhiwadi has been discharged. Negotiations have been held for Greater Noida (West). The offers are under process.

5. Shimla.

Plots offered at Shimla have been inspected by the land committee. Negotiations have been held with the owner of suitable plot in Fagu. Processing for issuing LOI is under way.

6. Sohna

Tenders for turnkey projects by a Builder for ready-built dwelling units including land transfer, was called to be opened on 12-11-2013 for Sohna. One offer was received. Financial bid was opened on 31-01-2014. IRWO organized a site visit of some of the participants of demand survey. The members had reservations about the site as it fell in District Mewat of Haryana. The tender has since been discharged. Land Committee has inspected two plots of land offered at Sohna (located in District Gurgaon) which are suitable for IRWO group housing. Priced bids were invited from interested Sellers for these plots. Bids from two Sellers were received which are under processing.

7. Varanasi

LOI was issued for sale of about 8-Acre of land in village Darekhu. However, the deal could not go through. Proposals have been received now which have been sent to GM IRWO LKO for inspection and report.