1
SALIENT FEATURES OF SITE Location On National Highway-64, Bathinda City Area of site 21,261 Sq.Yd. in one Chunk (Average front ~685 Ft) Land use Commercial (Hotel/Shopping Mall/Multiplex etc.) Reserve Price Rs. 50,000/- Per Sq.Yd Eligibility Fee Rs 1 (One) Crore F.A.R. Permissible Ground Coverage • 3.00 • 50% of the site area No Height Restriction • Subject to clearance from the Air Force Authorities & fulfillment of minimum norms as per local byelaws. Chief General Manager/Manager (O) Punjab Infrastructure Development Board(PIDB) SCO‐89‐90,Sector 34 A, Chandigarh 160022, Ph.: 01722665410/2665614/2665417, Mob:9876532756, Fax : 0172 2665596, Web site: www.pidb.org Sanjay Sharma, IL&FS Infrastructure Development Corporation # 159, Sector 27A, Chandigarh 160019 Ph.: 0172 4636387/ 89, Fax : 0172 2640776, M:9357188267/9463601199, Email : [email protected] Terms and Conditions • Site is offered on “ as is where is ” basis • For details on payment and other issues, the “Standard Terms and Conditions & the Draft Allotment Letter” should be taken into consideration by the bidders prior to participation in the auction which can be obtained from PIDB office or IL&FS IDC office, Chandigarh on any working day or can be downloaded from PIDB website,www.pidb.org • Successful bidder will be required to pay 10% of the total bid amount in cash or in the form of demand draft drawn on any scheduled bank at the fall of hammer. Another 15% amount to be deposited within 30 days from the date of auction. The balance 75% amount can be paid in six equal half yearly installments along with interest @12% per annum. Alternatively, the balance amount may be paid without interest in lump sum within 90 days from the date of auction • The allotment price of the site shall be subject to the area as per the actual measurement of the site at the time of possession • The Letter of Allotment shall be issued to the selected bidder/purchaser after 25% of the Bid amount has been deposited. • PIDB reserves the right to withdraw or cancel the auction process without assigning any reason whatsoever. With an extensive history, Bathinda, the heart of the Malwa region and one of the renowned Cities of the State of Punjab, is undergoing rapid Industralisation & Infrastructure Development EXISTING SCENARIO OF BATHINDA: Bathinda is one of the largest food grain & cotton market of Northern India. The area around Bathinda has become a major Grape and Citrus growing area. The National Fertilizers Plant, Guru Nanak Dev Thermal Plant, Guru Hargobind Thermal Plant at Lehra Mohabbat, Government Rajindra College, reputed Medical and Engineering Colleges are housed here. A Ring Road around Bathinda, 7 Nos. RoB’s / RuB’s under construction, four upcoming Malls etc. are reflection of the infrastructure Development in Bathinda. It has the biggest Railway Junction of Northern India and has the largest Military Cantonment in Asia. UPCOMING PROJECTS IN BATHINDA: Bathinda is a fast developing city with many upcoming projects viz. an International Cricket Stadium, the Rs 18,000 crore Guru Gobind Singh Oil Refinery-a joint venture of Mittal Energy Investments Ltd (of Mr. LN Mittal) and HPCL, a five-star hotel, a domestic airport, two Thermal plants (Rs 10,000 crore each), Multiplexes and integrated Townships by leading real estate developers, which would give a boom to the economy of the city. ELIGIBILITY: The intending bidders are required to deposit Rs.1 (one) Crore as eligibility fee (refundable/adjustable) in form of cash or account payee demand draft in favour of “The Managing Director, Punjab Infrastructure Development Board” payable at Chandigarh, against a proper receipt, along with duly accepted signed copy of ‘Standard Terms and Conditions’ and ‘Draft Allotment Letter’ with PIDB on or before the commencement of auction. FOR FURTHER INFORMATION, PLEASE CONTACT DATE & TIME OF AUCTION • Wednesday, 12 th March 2008 at 11:00 AM VENUE OF AUCTION: • Blue Fox Complex adjoining Rose Garden, Bathinda City AUCTION OF COMMERCIAL SITE (BLUE FOX COMPLEX) On Freehold basis, on National Highway (Bathinda- Barnala) adjoining ROSE GARDEN, BATHINDA Punjab Infrastructure Development Board Reserve Price Rs. 50,000/ Sq.Yd. Rose Garden To NFL Colony To Barnala Barnala Bypass SITE (Blue Fox) 3 Lakes (43Acres) 85 Mts. 209 Mts.
