Lease of plots for Commercial+Residential use in Kharghar

and New Panvel (W) node, Navi Mumbai through

e-TENDER cum e-AUCTION

Part - A
 CITY & INDUSTRIAL DEVELOPMENT CORPORATION
OF MAHARASHTRA LTD.
INVITATION OF APPLICATIONS FOR E-TENDER CUM E-AUCTION for lease of plots for
Commercial+Residential use in Kharghar and New Panvel (W) node, Navi Mumbai.

1) Scheme Details:
Scheme No. : MM-I/04/2019-20/KHR&NP(W)
Location of Plots: Kharghar and New Panvel (W)

2) Time Table:

Sr.
CIDCO Stage Bidder Stage Start Date & Time Expiry Date & Time
No.

(dd.mm.yy) (hh:mm) (dd.mm.yy) (hh:mm)

Publish
1 26.10.2019
advertisement
Bid
2 Preparation & 01.11.2019 11.00 Hrs 01.11.2019 16.00 Hrs
Release
Complete Online
Registration, Application,
Uploading of documents
and payment of EMD
3 and Processing fee etc. 01.11.2019 16.01 Hrs 03.12.2019 23.59 Hrs
on e-Tender cum e-
Auction Website and **
Submission of closed
bids (e-tender)
Close New
4 03.12.2019 23.59 Hrs
Entries
5 e-Auction 05.12.2019 11.00 Hrs 06.12.2019 11.00 Hrs

6 Publish Result* 10.12.2019 16.00 Hrs

Important Note:
* If the e-auction is extended, then result will be published after the completion of auction.
** Please note that it is mandatory to submit a CLOSED BID (e-Tender) for the above mentioned plots failing which
the bidder will not be able to participate in the e-auction process.
3) Who are eligible to make an offer for plots for Commercial+Residential
use in Kharghar and New Panvel (W) node, Navi Mumbai:
a. Any person competent to contract under the Indian Contract Act,1872
b. Company incorporated under the Indian Companies Act, 1956.
c. Partnership Firm registered under Indian Partnership Act 1932.
d. Public Trust registered under Public Trust Act, 1950 and also registered
under the Society Registration Act, 1860.
e. Co-Operative Society registered under the Maharashtra Co-operative
Societies Act, 1960.
f. Bids received from Proposed Company / Public Trust / Coop. Society/
Partnership firm not registered will be treated as individual applicant.

I) How To Apply For e-Tender cum e-Auction

Step 1: Register on home page menu by clicking “Bidder Registration”.

A) Full Name (In Capital)
B) Address with Pin Code.
C) Mobile Number
D) PAN Card No.
E) e-mail ID.
F) Bank account Number & IFSC Number.

Step 2: Login with user credentials and Verify OTP sent to registered email id and
mobile number for secure Login.

Step 3: Select Live Tender from Dashboard

Step 4: Pay e-Tender cum e-Auction Processing fee is Rs. 1180 (Fee – Rs. 1000/- +
GST @18% Rs.180/-) Non-Refundable and pay EMD amount though online mode.
Print receipt option is available.

Step 5: Pay EMD Amount.

Step 6: Submission of CLOSED BID (e-Tender) by bidder.

(Note: “CLOSED BID (e-Tender)” means the best price OR offer amount given by the
bidder in advance, which none of the bidders knows how much the other participants
have bid. The bidder shall participate in e-auction during the prescribed time
schedule. If bidder does not wish to participate in e-auction, the closed bid (e-
Tender) shall be considered as final offer.).
Please note that it is mandatory to submit a CLOSED BID (e-Tender) failing
which the bidder will not be able to participate in the e-auction process.
Step 7: Conduct of e-Auction/ Online auction:
As per time schedule, bidder shall participate in e-Auction by logging in the website.
During e-Auction every bidder can bid in multiple of Rs.1,000/- per sqm only.

Step 8: Auction Final Result:

After completion of e-Tender cum e-Auction process, the highest e-auction bid
amount will be compared with highest closed bid (e-Tender) amount submitted
and then the highest bidder will be declared.

Step 9: Refund of EMD:

After completion of e-Auction and approval of Competent Authority, the EMD
amount received from Bidders other than the highest Bidder will be returned
online in the Bank Account provided by the bidder at the time of Registration.

II) Important terms and conditions:

a) The information contained in this Bid Document or subsequently provided to

Bidders, whether verbally or in documentary form or otherwise by or on behalf of
CIDCO, or any of its employees, is provided to Bidders on the terms and
conditions set out in this BID document and such other terms and conditions
subject to which such information is provided.

b) The purpose of this BID document is to provide interested parties with

information and select highest bidders for advertised properties through e-
Auction software.

c) CIDCO may in its absolute discretion, but without being under any obligation to
do so, update, amend or supplement the information, its assessment or
assumptions contained in this BID document. Such changes shall be intimated
to all the Bidders. In case additional period for submission, if required due to
such amendments, is necessitated the same shall be intimated to all the
Bidders.

d) The issue of this BID document does not imply that CIDCO is bound to select
or to appoint any Bidder or agency and it reserves the right to reject all or any of
the Bidders without assigning any reasons whatsoever.

e) CIDCO reserves the right not to proceed with the Bidding Process as per time
table without liability or to reject any or all Bid(s) without assigning any reasons
whatsoever.

f) The Complete e-Auction bidding process is online and two bid systems. Bidder
shall submit CLOSED BID (e-Tender) as mentioned above in advance. Then
only, bidder shall be able to participate in e-Auction/ online bidding as per
prescribed time schedule.

g) The payment for e-Tender cum e-auction processing fee (including GST) of Rs.
1180/- (One Thousand One Hundred Eighty Rupees only) & Earnest Money
Deposit (EMD) shall be paid online separately for every bid.
 h) Allotment of Commercial+Residential plots will be made in accordance with the
provision of NMDL(A)R 2008 as may amended from time to time.

i) Bank Information: Bidder shall submit information of Bank Account Number, Bank
Name, Branch Name, Bank MICR / IFSC Number and upload cancelled cheque.
The cancelled cheque and information furnished shall match with each other. The
refund in case of un-successful bidders will be made on the account details given
on cancelled cheque.

j) Kindly note that, bidders cannot apply for e-Tender cum e-auction from other’s
bank account. Also, if found that same bank account number is provided by
different bidders during registration, the application will be treated as cancelled.
NRI Account holder cannot apply for E- tender cum E- auction.

k) The Bidder can bid for one or more Commercial+Residential plots advertised by
submitting separate bid with the amount of requisite Earnest Money Deposit
(EMD) in the form of Online Payment.

III) The EMD deposited by bidder shall be forfeited by CIDCO, if the bidder decides
to withdraw at any time after the opening of bid or refuses or otherwise fails to
accept the allotment or after being allotted Commercial+Residential plots,
commits a breach of any of the relevant terms and conditions under which the
Commercial+Residential plots are offered.

IV) The Bid once made shall remain valid for acceptance by the MM-I, CIDCO for
period of 90 days from the last date of receipt of the Bid and it cannot be
revoked or varied by the bidder. No charge back cases shall be
entertained/considered for any reason. The EMD will be refunded to un-
successful bidders without any interest only after the final approval/ decision of
CIDCO on completion of e-Auction activity. (i.e. within maximum seven working
days). No EMD refund request made before completion of e-Auction will be
accepted/ considered/ entertained. The EMD will not be adjusted against any
other scheme.

V) In case if number of bids received for any particular Commercial+Residential plots

are less than three, then the final decision on these bids will be taken by the
Corporation and shall be binding on concerned bidders. These offers may either
be accepted or rejected and until final decision is taken, the EMD amount of
these bidders will not be refunded. In that case, bidder will not have any say.
Corporation reserves the right to cancel, amend, revoke, modify the conditions of the
scheme at its discretion or reject any or all offers without assigning any reasons
thereof. In case of cancellation of the scheme, bidder will not have any say.

VI) The Bid must be made by filling complete information prescribed in the
Registration form. Any bid with incomplete or wrong information, insufficient
supporting documents and requisite amount of EMD stands rejected.
VII) The Bidders should upload scanned copies of required documents in PDF
format for verification within the time schedule only. The online application
form and uploaded documents of bidders will be then scrutinized by CIDCO.
Incomplete applications will be cancelled and no explanation / request will
considered in this matter.

VIII) After prescribed period no bid will be accepted / considered for e-tender
cum e- auction. The decision of Marketing Manager-I on approval of bidder for
participation is final.

IX) CIDCO reserves the right to extend the date & time for e-tender cum e-
auction please be noted.

X) BID DOCUMENT is non-transferable.

XI) Any conditional offer is liable to be summarily rejected.

XII) The Vice Chairman and Managing Director, CIDCO reserves all rights to
reject any or all bids submitted without assigning any reason thereof.

XIII) All the notification and the details terms & conditions regarding e-tender
cum e-Auction the notice hereafter will be published online on website
https://cidco.procure247.com

XIV) The Allotment Letter will be issued to successful bidders after approval of
Vice Chairman and Managing Director.

XV) Agreed amount of Sale price of Commercial+Residential plots after adjusting

the Earnest Money Deposit (EMD), shall be payable in two equal
installments as prescribed in the Allotment letter.

XVI) Prescribed time limit for payment is the essence of the contract and failure to
observe the same shall render the allotment liable for cancellation with
forfeiture of the Earnest Money Deposit in full. In addition to the Earnest
Money Deposit, 25% of Installment/s of lease premium paid by the
Commercial+Residential plots allottee shall also stand forfeited to the
corporation and CIDCO shall have the right to claim compensation for
damage or loss, if any, suffered in Consequences of default. The GST at the
rate of 18% is applicable on refund.

XVII) The Managing Director may in deserving cases extend the period
determined in the Scheme for payment of installments not exceeding 03
months for 1st installment and 10 months for 2nd installment on receipt of
delayed payment charges at rate as may be fixed by the corporation by a
general or specific order. The decision of Marketing Manager-I in this regard
will be final and binding on the allottee. The allottee should apply for grant of
extension in the time limit before expiry of due date for that installment. In the
event of default in a payment on due date as per allotment letter without written
application and subsequent approval of the Marketing Manager- I, the
 allotment of Residential plots shall be deemed to be cancelled. Allottee shall
note that unless the payment for the previous installment is made the time
extension offer subsequent shall not be granted and request applications for
the same will not be entertained at any cost. The present rates of interest is as
shown below:
i) For delay upto 3 months DPC will be: 12%
ii) For delay beyond 3 months DPC will be: 16%

The above rates are subject to change without notice.

XVIII) The No Objection Certificate for Bank loan will be issued to successful
bidders after making 1st installment of sale price, as per request application
for NOC for Bank loan from highest bidder.

XIX) If successful bidders quoted amount is above Rs. 50.00 lakhs, then the
bidder will be required to pay 1% of bid price as TDS to Income Tax
Department, Government of India.

XX) The possession of the unit shall be given only on receipt of payments in full
in accordance with the mode of payment prescribed.

XXI) Permission, Licenses, Sanctions, etc. for carrying out construction of the
specific use will have to be obtained by the allottee himself. It shall be the
responsibility of bidder allottee to enquire with the concerned Govt/Local
authorities for the same.

XXII) Site inspection: The bidder is advised to visit the site and inspect the status
of the Commercial+Residential plots before making any offer. Allotment of
Commercial+Residential plots will be on "As is where is Basis" and
possession will be handed over in the same condition.

XXIII) The letters communicating the acceptance of offer by the Corporation of the
Residential plots shall be sent by Registered Post A.D. as per the address given
in the offer. The letter shall be deemed to have been received by the offerer/
bidder at the expiry of 7 days of such dispatch.

XXIV) Validity of offer:

The offerer shall keep offer valid for acceptance by the Corporation for a
period of 3 months from the date of receipt of offer by Corporation. The
offerer shall not withdraw offer within a period of 3 months. If withdrawn,
then the EMD amount paid will be forfeited.

XXV) Sub-division of the Commercial+Residential plots shall not be permitted.

XXVI) Acceptance of offer: The acceptance of a Bid is at the sole discretion of CIDCO.

XXVII) Risk Factors: Corporation reserves the right to cancel, amend, revoke,
modify the conditions of the scheme at its discretion or reject any or all
offers without assigning any reasons thereof. In case of cancellation of
 the scheme, bidder will not have any say.

XXVIII) Scope of Base price

The sale price offered by the bidder shall be exclusive of the following.
a. Municipal Taxes
b. Insurance Premium
c. Stamp duty & registration charges as decided by concerned Dept. On
Allotment Letter.
d. Lease Rent
e. Charges such as Security Deposit for Electric Meters, license fees, permit Fees
etc. Any other charges which may be applicable as per Govt/ CIDCO rules.
The above mentioned charges will be liability of the successful Bidder.
f. Water distribution betterment charges, Documentation charges, Power
supply development charges & other applicable charges.

XXIX) The eligible bidder has to pay all taxes including stamp duty, Registration
charges T.D.S. (if applicable) as per Govt. rules & regulations, and also shall
pay service charges in advance.

XXX) If any litigation occurs OR pending or new arises OR any previous allotment is
pointed out after e-auction then, after necessary verification decision will be
taken, which will be binding on the bidder.

XXXI) The bidder shall not take any benefit of grammatical or printing mistakes,
which may have occurred.

XXXII) General terms and conditions:

1) The maximum permissible FSI as defined by the GDCR for new Bombay-1975/DCR of
NMMC/DCR of PMC whichever is applicable shall be as indicated in Annexure-I.
2) Sub-division of plot shall not be permitted.
3) Change of use of plots is not permitted.
4) The maximum permissible FSI shall be as specified in Annexure-I.
5) The building shall be constructed for the said use as per the Annexure-I shall only as
specified in GDCR for CIDCO/DCR of NMMC/DCR of PMC.
6) The minimum and maximum percentage of the use shall be specified in GDCR for
CIDCO/DCR of NMMC/DCR of PMC.
7) The allottee shall comply with all provisions as specified in GDCR for CIDCO/DCR of
NMMC/DCR of PMC including the parking standards without seeking relaxation of any
kind in DCRs.
8) The restriction of height of buildings/ structures shall be observed as per the Obstacle
Limitation Surface Map (OLS Map) for Navi Mumbai International Airport as given in the
sanction DCRs of Navi Mumbai.
 9) The NOC of Airport Authority in respect of the Height restriction shall be required to be
obtained by the successful bidder/allottee before start of construction as applicable.
10) The NOC from Railway Authority for development on plot, if required, shall be obtained
before local authority grants permission for Development.
11) The respective DCRs at the time of submission of development plan and proposal to the
competent authority shall be applicable in addition to the above condition.
12) The allottee/intending lessee shall provide necessary infrastructures including Electric
Sub-Station for Electric supply as per the requirement of MSEDCL within the plot, if
necessary.
13) All other terms and condition mention in the allotment letter are also part of the Lease
Agreement.
14) The successful bidder/ allottee should get all the necessary Clearances/NOCs from the
respective Local Authorities as required from time to time as per the respective DCRs.

XXXIII) Special terms and conditions:

In addition to the general terms and condition for disposal of plots of land, the allotment is
subject to the following development conditions:
1) The plots are marketed on “as is where is basis”.
2) The respective DCRs at the time of submission of development plan and proposal to the
competent authority shall be applicable in addition to the above condition.
3) The prospective bidder is advice to visit the site before submission of bid, since no
allegation pertaining to site visit will be entertained after submission of bid.
4) Area of the plots are approximate and subject to demarcation on site.
5) It will be responsibility of allottee to remove encumbrances, if any, including trees etc
within the plot after due obtaining necessary permission of the concern authority.
6) The Transplantation/ cutting of trees shall be done as per the Maharashtra (Urban
Areas) Protection and Preservation of Trees Act,1975.
Part - B
 Navi Mumbai: The City of the future

The brand new city of Navi Mumbai

CIDCO (formerly New Bombay) is situated on the
mainland across Mumbai harbour. It is four
Established in March 1970 with a seed
fifth as big as Greater Bombay in size and
capital of Rs. 3.95 crores, CIDCO was has three large industrial estates and the
entrusted with 344 square kilometers of
most modern Sea Port of India. It was
marshy wasteland off the west coast of
conceived as a counter magnet to the
Maharashtra. CIDCO is entrusted to Plan congested Mumbai city. Planned for a
and develop an environment friendly city
population of 20 lac people. There are 14
with full-fledged infrastructure to meet its
townships in Navi Mumbai, referred to as
residential, commercial, socio cultural and nodes, such as Vashi, Nerul, Belapur, New

industrial needs for generations to come.

Navi Mumbai is now planned city with a
mission to transform land into life. A city
Panvel, etc. Each node is self-sufficient in
featured in National Geographic Channel's
educational, health, social, religious,
Super Cities of the World Series. A city
cultural, sports and recreational facilities.
replete with well planned roads, internal
Each node is also self contained nodal
expressways, flyovers, multistructured rail
settlement, strung along mass transport
corridors, modern railway stations that
corridors, with their own residential
house commercial complexes,
business and commercial areas. The lush
state-of-heart IT parks, broadband
green gardens, arterial roads lined with
connectivity, super speciality hospitals,
rows of trees, afforested hills, well laid out
superlative educational facilities, with
railway system are some of the salient
proposed airport, special economic zone
features of the new city. The city is
and trans-harbour link facilities. A city that
connected to Greater Mumbai by bridges
one and a half million people call 'home'.
across Thane Creek, by commuter railway
to Chhatrapati Shivaji Terminus Station.
Navi Mumbai has thus attracted high order
facilities such as educational, research
institutions, health and sports facilities.
Navi Mumbai: Salient features
Bombay Stock Exchange, Shell Transource,
• India's, fully planned, well balanced, Lab India, Green Point Technologies etc. It is
beautifully landscaped modern city. an ideal location for IT/ITes companies/
• Series of 14 self-contained nodal firms.
settlements, strung along mass transport
corridors, with residential, business and Nerul Railway Station Complex:
commercial areas.
• Each node is self-sufficient in Location at the sprawling Nerul node, the
educational, health, social, religious, artistically designed Nerul Station Complex
cultural, sports and recreational facilities. provides tremendous scope for flourishing
• Emphasis on a green and clean commercial activities. Nerul, is primarily a
environment: 58% land reserved for open prosperous residential area and hence the
areas including roads, no development
zones, afforestation etc.
• Network of roads, Bridges, flyover, rail
corridors and high speed waterway
system for efficient transportation.
• State of the art telecommunications
networks.
• Adequate, regular water and power
supply.

Belapur Railway Station Complex:

The International Technology Centre is
located on the Belapur Railway Station
Complex in the heart of the CBD of Navi
Mumbai. It is accessible from all part of the
country by rail & road and is also close to complex becomes easily accessible to its
the Navi Mumbai International Airport. lakhs of residents. Besides, it is easily
ITC has 7,00,000 sq.feet of built up area and accessible from other parts of Navi Mumbai
currently houses IT giant WIPRO and other and Mumbai.
major companies like State Bank of India, The state-of-the-art commercial complex
offers premises for plot, shops and other
allied facilities. The complex consists of two
buildings to the east and the west of the
railway line.
In these buildings, the premises at the
ground floor are predominantly meant for
shopping and are well integrated with the
premises at the first and second floors. The
complex has been designed keeping in
mind the various needs of the rail
commuters, occupants of the office
complex and Nerul residents.
Juinagar Railway Station Complex: designed Sanpada Station Complex seems
tailor-made for flourishing commercial
Juinagar Station Complex is located in activities. In terms of connectivity, Sanpada
sector 11 of Sanpada node but its very close is easily accessible from all parts of Navi
to Nerul and can be called the external Mumbai and Mumbai by Suburban Rail and
suburb of Nerul. It is adjoining to Sion- public Road Transport.
Panvel Highway. It is an attractive station
complex in terms of location and aesthetics
with colourful murals and outrageous
fibreglass sculptures and hence is
frequently used for film shootings. Station
complex consists of shopping area on the
ground floor and well-integrated shops/
office premises on the first and second
floors. This station caters for three corridors
viz. Mankhurd-Belapur, Thane-Turbhe-Nerul
& Thane-Nerul-Uran

Sanpada Railway Station Complex:

Located on the Mankhurd-Belapur railway
line, adjoining the Sion-Panvel Expressway,
and close to the world’s largest centre of
agriculture produces, the artistically
 INVITATION TO OFFER
City and Industrial Development Corporation of Maharashtra Limited is happy
to invite the offers to acquire Plot described in Annexure-l, annexed hereto.

1. Terms of offer: charges as may be decided by the

Under the general terms prescribed for Corporation from time to time, only
disposal of plots for after, the allottee has paid entire
Commercial+Residential use by open lease premium and taken over
offer. possession of plots for
Commercial+Residential use by
2. Location of Plot: execution of agreement to lease.
The location of plots for
Commercial+Residential use for which 4.5 The miscellaneous charges and
offers are invited are shown in plans Payment of Stamp Duty &
enclosed hereto. Registration charges are not included
in the lease premium of respective
3. Description of Plot: plot :-
Please refer Annexure - I for details. The Allottee will bear & pay exclusively
the Stamp Duty & the Registration
4. Agreement to Lease: Charges payable in accordance with the
4.1 Lease of plots for Bombay Stamp Act 1958 in respect of
Commercial+Residential use will be as the Agreement to Lease to be
per Navi Mumbai Disposal of Land executed between the Corporation of
(AMENDMENT) Regulations 2008. one part and the allottee of the other
part.
4.2 The allottee shall execute, sign all a. Applicable Water Deposit & Water
necessary documents, forms, charges are payable to CIDCO (Water
declarations, etc required for registering Supply) directly.
the plots for Commercial+Residential b. All other statutory charges levied
use. from time to time shall be applicable
and binding on allottee.
4.3 On payment of entire lease premium,
lease agreement shall be executed and 4.6 The possession must be taken over
possession of the plots for within 30 days after completing all the
Commercial+Residential use will be payment.
given.

4.4 The allottee shall not be allowed to

transfer or assign the rights and
interest in or benefits under the
agreement executed between
him/her and the Corporation in
respect of the plots for
Commercial+Residential use without
the prior permission of the
Corporation. Permission may be
granted on payment of transfer
4.7 Important: 4.13 For further details / clarification
Offerer shall visit and inspect the required if any, please contact Office of:
physical condition of the plots for Marketing Manager-l: CIDCO Limited,
Residential use for which he/she Raigad Bhavan, 3rd Floor, CBD Belapur,
intends to offer. Navi Mumbai-400614.
Tel.: 67121016/1078
4.8 Breach of any of the conditions will
render the allotment liable for 5 Solid Waste Management
termination with forfeiture of the The Commercial+Residential plots
Earnest Money Deposit. owner shall observe scrupulously the
following conditions in order to ensure
4.9 CIDCO reserves rights to insert or the directives and recommendations
impose any special condition which will of the Hon'ble Supreme Court
be binding on the allottee. regarding solid waste management.

4.10 CIDCO reserves the right to amend,

revoke any or all the above condition or
to cancel the scheme at any time at its
sole discretion. The right to reject any or
all the offers without assigning any
reason whatsoever is reserved with the
Corporation.

4.11 In the matter of dispute as regards

interpretation of any of the conditions
or of anything related to the Scheme,
decision of the Managing Director(MD)
of CIDCO or Officer authorised by MD
shall be final and binding upon all the
concerned.

4.12 GST: The allottee shall pay GST and

other applicable taxes to the
Corporation.
 GENERAL TERMS AND CONDITIONS
prescribed for disposal of Plot through e-auction.

1. Schedule of payment of agreed sale 2) The list of authorised Financial

premium Institutions for availing loans are as
Agreed Lease Premium, after adjusting follows:
the Earnest Money Deposit (EMD), shall
be payable in two equal installments in List of Financial Institutions approved by CIDCO
the manner as prescribed in the
1. The Central Government
Acceptance / Allotment letter.
2. The State Government
2. Grant of extension of time for making 3. Nationalized Bank
payment of installments 4. Life Insurance Corporation of India
The Managing Director of the
5. The Maharashtra State Finance Corporation
Corporation can extend the time
prescribed for making the payment of 6. The Housing Development Finance Corporation
installment not exceeding 03 months 7. Employer of the intending lessee
for 1st installment and 10 months for 8. Tourism Finance Corporation Ltd.
2nd installments. This extension is
9. GIC Grih Vitta Ltd.
grantable upon payment of interest at
the rate as may be prescribed by the 10. Bombay Metropolitan & Regional Development
Corporation from time to time. The Authority
allottee should apply for extension 11. LIC Housing Finance Ltd.
before the due date for payments. 12. Co-Op. Banks registered under Maharashtra Co-
op Societies Act - 1960.
The present rates of interest are as under:
13. Dewan Housing Development Finance Ltd.
a. Upto 3 months DPC will be : 12%
b. Beyond 3 months & upto 6 months 14. A.B. Homes Finance Ltd.
DPC will be : 16% 15. Can Fin Homes Ltd.
The above rates are subject to change 16. HDFC Bank Ltd.
without notice.
17. Times Bank

3. Grant of "No Objection Certificate" to 18. UTI Bank

enable the Allottee to mortgage the 19. Maharashtra Co-Op. Housing Finance Ltd.
Plot for borrowing loans: The 20. Housing & Urban Development Corporation
Corporation may grant "No Objection 21. Shricom Housing Finance Company Ltd.
Certificate" to enable the Allottee to
mortgage the plot to obtain loan. 22. BOB Housing Finance Ltd.
Such No Objection Certificate shall 23. Karur Vysya Bank Ltd.
be granted subject to the following 24. Manipal Housing Finance Sybdicate Ltd.
conditions: 25. Gruh Finance Ltd.
26. The South Indian Bank Ltd.
1) The Allottee shall apply to the
Corporation along with a letter from the 27. Standard Chartered Bank
Financial Institution granting the loan. 28. Global Housing Finance Corporation Ltd.
29. M/s. Rayat Sevak Co-op Bank Ltd.
 64. Development Credit Bank Ltd.
(DCB Bank).

30. ANZ Grindlays Bank Ltd. 3) The No Objection Certificate shall enable
31. VI Bank Homes Ltd. (Sub of Vijaya Bank) the allottee to mortgage the
Commercial+Residential plots to said
32. CORP BANK Homes Ltd. (Sub of Corporation
financial institutions only after the
Bank)
payment of entire Lease Premium and
33. Maharishi Housing Development Finance Co. other charges and after execution of
Ltd. Agreement to lease.
34. The Akola Janta Commercial Co-op. Bank
35. Cent Bank Home Finance Ltd. 4. Consequences of nonpayment of any of
the installment of lease premium on
36. Tata Home Finance Ltd.
due date:
37. IDBI Bank Ltd. a. If the allottee fails to pay the entire
38. Global Trust Bank Ltd. amount of first installment within its
39. The Laxmi Vilas Bank Ltd. prescribed time schedule or within the
extendable period as per condition
40. The Hongkong and Shanghai Banking
number 5, the agreement concluded
Corporation Ltd.
shall stand terminated and the Earnest
41. ICICI Ltd. Money Deposit along with 25% of the
42. Homes Trust Housing Finance Co. Ltd. instalment/s paid by the allottee shall
43. The Ratnakar Bank Ltd. stand forfeited to the Corporation.
b. On payment of first installment or part
44. M/s. Deutsche Postbank Home Finance Ltd.
thereof, if the allottee fails to pay
45. The Shamrao Vithal Co-op. Bank balance amount of First installment and
46. Tirupati Urban Co-op. Bank amount of subsequent installment within
47. HDFC Bank Ltd. the prescribed period or within
permissible extendable time as the case
48. The Dhanlaxmi Bank Ltd.
may be, the allotment shall be liable to
49. ING Vysya Bank be terminated by the Corporation. The
50. The Mandvi Co-op. Bank Ltd. earnest Money Deposit along with the
51. The Federal Bank Ltd. 25% of the installment/s paid shall stand
forfeited to the Corporation and the
52. Deutsche Bank
balance amount will be refunded without
53. GE Money Financial Services Ltd. any interest. The Corporation also
54. Reliance Capital Ltd. reserves the right to recover
55. Citi Bank N. A. compensation for loss or damage, if any,
suffered in consequences of such
56. Bajaj Auto Finance Ltd.
default.
57. Karnataka Bank Ltd.
58. M/s. Cholamandalam Investment & Finance Co.
Ltd.
59. City Financial Consumer Finance India Ltd.
60. Kotak Mahindra Prime Ltd.

61. PNB Housing Finance Ltd.

62. Lord Krishna Bank Ltd.

63. Indusind Bank Ltd.

5. Payment of Miscellaneous charges Maharashtra State Electricity
In addition to the lease premium and Distribution Co.Ltd. (MSEDCL) from
the applicable taxes, the allottee will time to time. The Allottee will apply
have to bear the Miscellaneous directly to the MSEDCL for power
Charges comprising of water connection by completing all the
distribution charges, share money, necessary formalities. For permanent
documentation charges, PSIDC, power connection the NOC will be given
service charges etc. as applicable. after allottee has executed the
Agreement to Lease with the
6. Mode of payment Corporation and all the dues of the
The payment of instalment of Lease Corporation have been paid.
Premium, water distribution betterment
charges, documentation charges and 10. Water supply
lease rent shall be paid separately Water supply will be made available on
through online process only. payment of necessary water connection
and water consumption charges to the
7. Payment of taxes / service charges Corporation or the concerned authority
All Services Charges and Taxes as from time to time by completing
applicable, are payable to the formalities of Corporation in this regard.
Corporation.
11. Payment of rates and taxes
8. Transfer of assignment of rights The allottee shall pay all rates, GST and
The allottee can transfer or assign his other applicable taxes in respects of the
rights, interests or benefits which may Commercial+Residential plots agreed to
accrue to him from the Agreement with be leased to him/her.
the prior written permission of the
Corporation and on payment of such 12. Payment of land revenue
transfer charges as may be prescribed The allottee shall pay land revenue and
by the Corporation from time to time. cesses, assessed or which may be
Such permission can however be assessed on the land agreed to be
granted only after the agreed Lease leased to him.
Premium and any other amount has
been paid in full and after execution of 13. Nuisance
agreement to Lease. Before the The allottee shall not at any time do,
agreement for Lease, the allottee shall cause or permit any nuisance in or upon
not transfer the rights, benefits and the said land agreed to be leased.
interests, he/she derives in the
Residential plots allotted to him/her. 14. Recovery of any sum due to the
corporation
9. Power connection Where any sum payable to the
Power connection, consumption Corporation by the allottee under the
deposits and other charges will be paid Agreement to lease is not paid, the
directly by the allottee to the Corporation shall be entitled to recover
such sum as arrears of land revenue.
15. Execution of agreement
Immediately within 30 days of the 17. For further details please contact:
payment of agreed lease premium in Manager Marketing-I
full, the allottee shall execute the CIDCO Ltd., 3rd Floor, Raigad
Agreement to Lease with the Bhavan, CBD Belapur, Navi Mumbai -
Corporation and shall obtain the 400 614. Tel.: 022 67121016/78
possession of the E-mail: [email protected]
Commercial+Residential plots. In case
the allottee fails to execute the
Agreement to lease within a period of
30 days from making the payment of
total lease premium, the agreement
so concluded shall be liable for
termination and the EMD along with
25% of the instalment/s paid shall be
forfeited without prejudice to the rights
of the corporation, to recover
compensation for loss or damage if any
suffered in consequence of such default.
However, the Managing Director on
request of the licensee can forgo
period for upto 90 days on recovery of
watch & ward charges at the rate of Rs.5 per
sqm per month.

16. Format of Agreement to lease

Format of Agreement to Lease will be
made available for inspection only
after payment of Lease premium in
the office of the Manager
Marketing-l on the 3rd Floor, Raigad
Bhavan, CBD-Belapur, Navi
Mumbai 400 614.

Note: The rights to reject any or all

the bidder without assigning any
reason are reserved by the MM-I,
CIDCO.

The bidder shall not take benefit of

any grammatical or printing mistake
which may have occurred.
 ANNEXURE-I

Commercial+Residential plots at Kharghar and New Panvel (W) node, Navi Mumbai

Base Rate
Sr. Sector Area in EMD
Node Plot No. Use FSI (Rs.)
No. No. sqm (Rs.)
per sqm

1 Kharghar 12 2 2731.96 C+R 1.5 73,635.00 20,116,787.00

2 New Panvel (W) 17 6 2271.45 C+R 1.5 63,332.00 14,385,547.00

3 New Panvel (W) 17 9 2743.42 C+R 1.5 51,604.00 14,157,144.00

4 New Panvel (W) 17 21 1576.26 C+R 1.5 51,604.00 8,134,132.00

5 New Panvel (W) 17 22A 1543.57 C+R 1.5 63,332.00 9,775,737.00