GIM Pre-Feasibility Report - Indiranagar_Revised

7212019 GIM Pre-Feasibility Report - Indiranagar_Revised

httpslidepdfcomreaderfullgim-pre-feasibility-report-indiranagarrevised 133

Bangalore

RedevelComple

Pr

CRISIL Risk and Infrast

evelopment

Authority

pment of BDAat Indiranagar

-Feasibility Report

June 2012

ructure Solutions Limited



[b]

Abbreviations

Acronym Definition

ATM Automated Teller Machine

BDA Bangalore Development Authority

BEL Bharat Electronics Limited

BHEL Bharat Heavy Electricals Limited

BMA Bangalore Metropolitan Area

BSUP Basic Services for Urban Poor

BUP Built-Up (Area)

CAGR Compounded Annual Growth Rate

CITB City Improvement Trust Board

CRIS CRISIL Risk amp Infrastructure Solutions Limited

CRRI Central Road Research Institute

DCR Development Control Regulations

FAR Floor Area Ratio

IRR Internal Rate of Return

ITeS Information Technology Enabled Services

JNNURM Jawaharlal Nehru National Urban Renewal Mission

LPG Liquefied Petroleum Gas

NPV Net Present Value

ORR Outer Ring Road

PCNTDA Pimpri Chinchwad New Township Development Authority

PPP Public Private Partnership

RMP Revised Master Plan



[c]

Acronym Definition

SPC Special Purpose Company

ULB Urban Local Body



[iv]

Contents

1

Executive summary 1

2

Introduction 3

21

Project idea 3

22

Approach amp methodology 3

23

Review of previous studies 4

3

Sector profile 5

31

Industry overview 5

32

Regional profile 5

Geography 6

Connectivity 6

Major commercial areas 6

33

Key issues 7

4

Project 8

41

Description of the project 8

42

Components of the project 8

43

Description of the site 8

44 Interaction with stakeholders 9

45 Case studies 9

451 Public private partnership in affordable housing under Jawaharlal Nehru National

Urban Renewal Mission (JNNURM) 10

5

Market assessment 13

51

Bangalore growth overview 13

52

Demand projections 14

6

Project financials 15

61

Cost estimation 15

62

Revenue stream 15

63

Viability assessment 16

64

Ranking of options based on commercial viability 16

7

Statutory amp legal framework 17

71

Legal amp regulatory framework 17

8

Indicative environmental amp social impacts 18

81

Environmental impacts 18



[v]

82

Social impacts 18

83

Mitigation measures 18

9

Operating framework 19

91

Risks amp mitigation 19

92

Indicative project structure 19

10

Way ahead 21

101 Project development framework 21

102 Procurement plan 21

11 Annexure 1 ndash Cash-flow statement 23



[vi]

List of Tables

Table 7-1 Project Cost of the proposed development 15

Table 7-2 Viability assessment for BDA complex at Indiranagar 16

Table 8-1 Plot details of Indiranagar site 17

Table 10-1 Risk mitigation measures 19



[vii]

List of Figures

Figure 2-1 Approach and Methodology 4

Figure 4-1 Development structure of the Commercial Complex 8

Figure 4-2 BDA Complex at Indiranagar 9

Figure 6-1 Population growth in Bangalore between 1901 and 2011 13

Figure 11-1 Project development framework 21



Bangalore Development Authority

[1]

1 Executive summary

Infrastructure Development Department proposes to strengthen the project development process inthe Departments responsible for implementing Infrastructure Projects through Public Private

Partnership (PPP) The PPP concept is relatively new and the implementing officers require

necessary insight orientation and assistance into the project development for effective marketing and

implementation of the projects

CRISIL Infrastructure Advisory a division of CRISIL Risk and Infrastructure Solutions Limited (CRIS)

has been appointed by the Infrastructure Development Department Government of Karnataka to

work closely with the Bangalore Development Authority for the assignment ldquoInstitutional Strengthening

and Sector Specific Inventory for PPP Mainstreaming in Sectorsrdquo Under this BDA has identified a set

of nine projects for which pre-feasibility assessments are to be carried out Redevelopment of BDA

Complex at Indiranagar is one of the nine projects proposed by BDA

In line with the objectives of BDA the BDA Complexes were built at strategic locations and near

residential localities in order to provide a one stop solution for shopping Hence facilities like motor

training schools travel agents RTO etc started operating within the complexes The complexes are

now in dilapidated condition and in order to provide better facilities to the citizens BDA proposes to

redevelop the old BDA Complex at Indiranagar

This report examines the possibility of redeveloping the commercial complex on a PPP Basis In order

to bring in private sector participation in the redevelopment of the complex it is proposed that the land

is handed over to the developer on long term lease basis The selected developer would be

responsible for Finance Design Construction and Operation amp Maintenance of the project

throughout the lease period Ownership of the land will always be with BDA After the lease period

the land along with the BUP area will be transferred back to BDA free of cost One portion of the

proposed commercial development shall be reserved for BDA for rehabilitation of the existing

vendors

For the purpose of cost estimation we have studied the feasibility report developed by SREI

Infrastructure Finance Limited and have also consulted with the BDA The estimated cost of

development of the project is Rs 20810 lakhs

The revenues to the developer would accrue from the revenue earned from the lease rentals as well

as maintenance charges The total revenue from both the heads has been arrived at Rs 6720 Lakhs

for the base year Occupancy of 80 has been assumed for the base year which will stabilize at a

maximum of 95 towards the end of the concession period The average lease rentals have been

assumed at Rs 70 per square feet and maintenance charges have been assumed at Rs 225 per

square feet Appropriate escalation factors have been assumed for both revenue heads

The viability assessment has been carried out over three concession periods of 25 33 and 66 years

The debt to equity ratio has been assumed to be 121

The viability assessment has been worked out with determinants like the project level internal rate of

return (IRR) IRR of equity and the net present value of the equity The project is found to be viable for

all the 3 concession periods In case of the 25 year concession period it is estimated that the

developer would pay BDA an upfront premium of Rs 9650 Lakhs For the concession period of 33

and 66 years the upfront premium to be paid by the developer would be Rs 12300 Lakhs and Rs

6000 lakhs respectively




[2]

A key issue that the BDA will need to address is the relocation of the existing tenants of the

complexes The BDA needs to prepare a rehabilitation plan for the existing tenants and should also

clearly lay out the rehabilitation mechanism for these tenants As part of the project configuration we

have assumed that a certain proportion of the developed spaces would be handed over to the BDA

which can be utilized for the rehabilitation of the existing tenants However if the BDA chooses to

accommodate these tenants in the redeveloped facility the commercial terms may have to be in line

with the rentals being charged to the new tenants We are of the opinion that the BDA should make

an informed decision on this only after a detailed feasibility has been conducted for the site

We have examined the way forward for the project We propose that the BDA should appoint a

transaction advisor for the project who will conduct a detailed feasibility for the project and would also

facilitate the appointment of the developer through bid process management

The procurement plan for the project has been developed to be spread over 11 months which can be

shortened depending on the swiftness of decision making at BDA




[3]

2 Introduction





of nine projects for which pre-feasibility assessments are to be carried out

In order to provide advanced recreational facilities and services to the citizens BDA has proposed the

redevelopment of its Complexes through Public Private Partnership model Redevelopment of BDA


21 Project idea

Bangalore Development Authority (BDA) is one of the premier urban planning and development

agencies that oversee the growth of the city The BDA came into being with effect from 6th January

1976 under a separate Act of the State Legislature viz the BDA Act 1976 This Authority combined in

itself the Planning functions of the City Planning Authority and the developmental functions of the

erstwhile City Improvement Trust Board (CITB)

The key objectives of the authority as per the BDA Act shall be to promote and secure the

development of the Bangalore Metropolitan Area (BMA) and for that purpose the Authority shall have

the power to acquire hold manage and dispose of moveable and immoveable property whether

within or outside the area under its jurisdiction to carry out building engineering and other operations

and generally to do all things necessary or expedient for the purposes of such development and for

purposes incidental thereto

In line with the objectives of BDA the BDA Complexes were built at strategic locations in near

residential localities in order to provide a one stop solution for shopping Hence convenient stores like

motor training schools travel agents RTO etc started operating within the complexes The complexes

are now in dilapidated condition and in order to provide better facilities to the citizens BDA proposed

to develop the old BDA Complex at Indiranagar The project is also an outcome of reducing

commercial spaces in key residential areas

22 Approach amp methodologyThe broad approach and methodology followed for study of these projects has been depicted

graphically below



Bangalore Development Authorit

Figure 2-1 Approach and Met

23 Review of pre

Bangalore Development Authori

development works identified by

29102010 BDA retained Tand

identified projects namely ldquoDevel

TUSPL had submitted their Fe

estimations The report submitte

been presented as below

The project cost indicate

to reflect the market

contingencies prelimina

The financials indicated

Developer and BDA an

given the market conditi

The report does not cle

1062701 sq ft And an

2440023 square metre

officials

1 The cost incurred towards upfront pre

figure

Study of existingreports

y

odology

ious studies

ty had invited proposals for appointment of Co

BDA vide Tender Notification No BDAEMTA-

on Urban Solutions Pvt Ltd (TUSPL) as Cons

opment of Commercial Complex at Indiranagar

sibility Report for the Indiranagar site along

d by TUSPL was studied in detail and the CRISI

d in the report is Rs 39165 Lakhs The project c

rates The Revised project cost is Rs 239

ry and pre-operative expenses

in the Feasibility Report is assuming a revenu

an upfront premium which the developer woul

ns and rates this has been revised

arly mention the area of the plot It indicates a

open land development area of 131322 sq f

has been assumed for the pre-feasibility in c

ium and the interest during construction period is not includ

Discussions withBDA personnel

Be

a

Finalrecommendation

[4]

nsultants for various

3802010-11 dated

ultant for one of the

angalorerdquo

ith the designs and

Lrsquos observations has

ost has been revised

11 Lakhs including

share between the

ld provide However

construction area of

t Hence an area of

nsultation with BDA

d in the above mentioned

lock coststimation

inancialsessment




[5]

3 Sector profile

The city of Bangalore has witnessed very rapid growth The city today is home to over 84 million

people (2011 Census) The salubrious weather and the rapid concentration of economic activities in

Bangalore have fuelled the growth of Bangalore As one of the worldrsquos fastest growing cities

Bangalore is experiencing a steady growth in population

Bangalore has been substantially affected by globalization and rapid urbanization over the last

decade The demand for services and quality of life is not confined to the central core or the erstwhile

Bangalore Mahanagra Palike jurisdiction but spreads beyond into the peri-urban areas the

Metropolitan Area and outwards into Bangalore Metropolitan Region With the emergence of the

Bangalore-Mysore Infrastructure Corridor the Bangalore International Airport and the planned ring

roads urbanization has sprawled out

Banaglore has incontestable advantages to develop into an international metropolis but at the same

time faces significant constraints The city is embedded in its history and depicts the greatness of a

truly Indian city established before the invasions and colonization It has a diverse set of activities

from silk to aeronautics from clothing to information technology and is a gauge of dynamism and

solidity of the city Natural drainage climatic advantage and the availability of water in the Cauvery

baisn are factors assisting in improving the quality of life

31 Industry overview

Bengaluru is countryrsquos third leading realty market With the IT boom and corresponding growth of the

economy saw large-scale increase in the cityrsquos population mostly due to migration from across India

Bengalurursquos population grew about 35 percent in the last six years

This increase in population along with steady demand and restricted supply led to saturation in central

Bengaluru region and pushed development to peripheral areas like Whitefield Sarjapur road Outer

Ring Road (ORR) Bannerghatta Road Hosur Road

With the opening of International Airport Real estate in North Bangalore (Bellary Road to Yelahanka)

has also witnessed the launch of numerous projects with apartments and villas Given the improved

infrastructure accessibility and the future potential for this area the area has been attracting both the

segments of investors and end-users alike

The city leads the country in office space with 738 million square feet of commercial capacityavailable However Bengaluru also has 22 per cent of the available space vacant with a large number

of projects under development and reduced demand

32 Regional profile

Bengaluru (formerly Bangalore) also known as Garden City for its beautiful gardens is the

administrative industrial commercial educational and cultural capital of Karnataka and located on

the Deccan Plateau in the South-Western part of India Bengaluru is Indias third most populous city

fastest growing and fifth largest metropolitan area with population of about 57 million (as per 2001

census) The population is expected to reach around 11 million and 22 million in 2021 and 2041respectively




[6]

With ever increasing boundaries and gross domestic product of 59123 billion in FY 06-07 Bengaluru

has some well-recognized IT companies and numerous public sector heavy industries aerospace

telecommunications and defence organisations located within Bengaluru also has some well known

colleges and research institutes

Geography

With an average elevation from the sea level of 920 m and total area of 741 km2 Bengaluru is located

in the south-eastern part of Karnataka in the Mysore Plateau - a region of Deccan Plateau The city

has an uneven landscape of hills and valleys to the south and relatively more level plateau towards

the north

Because of its elevation the city enjoys a pleasant and equable climate throughout the year The city

is situated in the Bengaluru Urban district which is divided into four taluks - Bangalore North

Bangalore East Bangalore South and Anekal and covers a total geographical area of 2190 sq km

Bangalore District is surrounded by Kolar District to the northeast Tumkur District on the northwest

Mandya District on the southwest Chamarajanagar District on the south and neighbouring state of

Tamil Nadu on the southeast

Connectivity

Bangalore is well connected to other Indian cities by road rail and air transport The connectivity by

rail road and air is detailed in the sections below

Road

Bengaluru is located at the junction of National Highways 4 7 and 48 connecting to various important

cities in India including Chennai Hyderabad Kanyakumari Madurai Mangalore Mumbai Nagpur

Pune and Varanasi

Railways

Bengaluru has two major railway stations Bengaluru City railway station and Yeswantpur Junction

The city has a well maintained railway network connecting major cities of the country and is

connected to the rest of the country both by metre gauge and broad gauge rail services

Air

Bengaluru has an International Airport at Devanahalli and is well connected to all cities in India

Internationally Bengaluru is connected to European and Asian cities like Frankfurt Singapore Kuala

Lumpur London Dubai Paris Bangkok and Hong Kong

Major commercial areas

The following are the major commercial areas in and around Bangalore

Central Business District Seshadripuram Jayanagar JP Nagar Yeshwantapura

Eastern Suburb Marathalli-sarjapur ORR Sarjapur Road Whitefield and Brookfield

Secondary Business District Indiranagar JP Nagar RT Nagar Vijayanagar

Northern Suburb HRBR Layout Bellary Road Jakkur

Southern Suburb Mysore Road Hosur Road

West Suburb BEL Factory HMT Layout




[7]

33 Key issues

The recessionary trends in 2007 across the world had also adversely affected the entire real estate

market in Bengaluru All the three categories of residential commercial (office space) and retail had

experienced slump in market and the real estate market in several erstwhile prime locations of the citywere facing oversupply situation and a drastic fall in the capital as well as rental values

With the revival of the industry and economy the residential market is expected to witness a jump

across all the areas in Bengaluru as per CRISILrsquos analysis The eastern and southern areas are

estimated to emerge as up-scaled developments as these areas are expected to see maximum

supply in the next three years

Good quality developments have been the key feature of Bangalorersquos commercial developments The

boom in IT sector especially in South India has enabled the city to have a metropolitan culture which

brings along the urban demands like malls and multiplexes

Recently the market in Bangalore has stabilized to a large extent after the sudden jump in prices post

recession However this is cyclical in nature and the saturation of IT services has led to a scenario

where there would not be much increase in the lease rentals




4 Project

41 Description of

It is proposed that for the redev

over to the developer on long

Finance Design Construction

period Ownership of the land wi

BUP area will be transferred b

proposed commercial develop

vendors

42 Components o

The project would be develope

basis The structure of the mode

Figure 4-1 Development struc

43 Description of

The site is located at Indiranaga

the main commercial centres in

Road in the North Old Airport

the East Indiranagar is located

famous for housing the Somes

and educational institutions like

y

the project

lopment of BDA Complex at Indiranagar the la

erm lease basis The selected developer woul

and Operation amp Maintenance of the project t

ll always be with BDA After the lease period th

ack to BDA free of cost We have assumed

ent shall be reserved for BDA for rehabilit

f the project

on a Design Build Finance Operate and Tra

l has been illustrated below

ture of the Commercial Complex

the site

r a suburb of Bangalore located about 4 km ea

the city This medium sized suburb is enclose

oad in the South Halasura in the West and Je

within a diameter of few kilometre radii from the

ara Temple several reputed hospitals like Amrj

r Ambedkar College KH Patel College etc

[8]

nd would be handed

d be responsible for

hroughout the lease

e land along with the

hat a portion of the

tion of the existing

sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in

airport The place is

yoti Vijaya and ESI




[9]

The site is situated at a junction near a residential area and is frequented by elders and youngsters

alike The present building consists of Motor driving schools RTO office computer vendors and travel

agents There is a water tank situated in the site

Figure 4-2 BDA Complex at Indiranagar

44 Interaction with stakeholders

CRISIL conducted a series of interactions with the stakeholders namely the BDA officials Citizens

and the establishment owners The interactions revealed that the building has to undergo

redevelopment The condition of the BDA office is not up to the standards expected and the officials

complained about leaks and short circuits The establishment owners suggested that the building was

planned with less road facing establishments due to which they are not able to attract footfalls

45 Case studies

In order to generate revenues from the real estate value of the land in the ownership of the ULBrsquos

commercial projects have been developed on a PPP basis on these lands Typically under such

arrangements the ULB would have identified a site under its ownership where a property for

commercial use can be developed Commercial development would include the development of

shopping complexes markets bus terminals multi-level car parking townships etc

Under such an arrangement the ULB would require of the private developer to undertake

construction of a commercial complex on the land The land would be provided by the ULB to the

private operator on a lease basis The ULB would provide specifications on the nature and type of

commercial development required The private developer would need to bear all the capital costs

associated with the construction of the commercial complex Post construction of the commercial

complex as per the arrangement the private developer would either hand over the constructed

facility to the ULB or would sub-lease the property The private developer would be required to make

to the ULB an upfront payment or provide a share in the ULB revenues earned from sub-leasing the

properties

The following case study compiled by the Ministry of Urban Development Government of India

highlights the development of municipalurban lands on a PPP basis

Category Details




[10]

Category Details

Project Construction of Commercial Complex at Ranipura Market

Cost of

ProjectRs 1500 lakhs

Description

The land was allotted to the concessionaire to construct the Commercial Complex by

the Corporation

Corporation continues to own the land

After the concession period the built-up structure (Commercial Complex) will be

transferred to the Corporation by the concessionaire

The concessionaire was given the right to recover its investment from the premium

received for ldquoRight of Occupationrdquo of the constructed shops

At the time of award of concession it was estimated that a profit of Rs 200 lakh will

be accrued from the venture which will be shared by the concessionaire with the

Corporation

The Corporation is expected to receive a profit share of Rs 100 lakh from the

concessionaire

Source Compendium on Public Private Partnership in Urban Infrastructure Case Studies Ministry of Urban

Development Government of India in association with Confederation of Indian Industry (CII)

We have also studied another case wherein the development affordable housing units was structure

on a PPP basis by the Pimpri Chinchwad New Township Development Authority (PCNTDA)

451 Public private partnership in affordable housing under Jawaharlal

Nehru National Urban Renewal Mission (JNNURM)

The Pune metropolitan region comprising Pune and Pimpri Chinchwad cities is one of the fastest

growing urban agglomerations in India A major automobile and auto-ancillary hub and a well-known

international education destination it also ranks among the top IT destinations of India Besides the

region has many industrial clusters housing industries focused on FMCG engineering agro-based

technology

The Pimpri-Chinchwad New Town Develompent Authority (PCNTDA) a key development authority of

the PMR is responsible for development of peri-urban especially in its north In line with the

phenomenal growth of the region and its strident aspirations PCNTDA has envisioned the

development of an integrated township at Sector 12 spanning 53 hectares Given the success of the

Public Private Partnership (PPP) model in involving private sector participation for development based

projects PCNTDS proposed to develop the integrated township on PPP basis

With this objective PCNTDA appointed the consortium of CRISIL Risk and Infrastructure Solutions

Limited (CRIS) Omkar Associates and Creations as project development consultants for the

development of an eco-friendly affordable township at Bhosari Sector 12 CRISILrsquos role was to




[11]

undertake a detailed demand assessment financial feasibility project structuring and management of

the bid process

The concept

Keep in mind the PCNTDArsquos vision CRIS designed integrated township such that it compriseshousing untis for the poor affordable housing units for the general public a primary health care

centre a hospital and a school

As per the structure the Developer shall construct 5040 housing units under the Basic Services for

Urban Poor (BSUP) scheme of JNNURM PCNTDA shall transfer the amount of grant sanctioned for

developing these units under the JNNURM scheme to the developer The remaining project cost of

the BUSP units was to be financed by the developer

In addition to this the Developer shall also construct affordable housing units as per pre-specified

specifications and hand over to PCNTDA free of cost The developer shall also construction the

physical and social infrastructure for the integrated township thereby ensuring good road adequate

water supply an efficient sewerage system as well as schools and hospitals The project shall bedeveloped in a manner such that it has minimum possible impact on the surrounding environment and

is in harmony with nature To this end the developer shall undertake eco-friendly initiatives including

rain water harvesting use of solar power environment-friendly materials and vermin-composting

The project

The developer has to complete the BSUP housing units within 2 years and hand over to the PCNTDA

For the remaining portion of the land PCNTDA shall execute a lease deed for 99 years with the

developer The lease rights shall be granted to the developer in phases upon completion of

milestones as defined in the project agreement The main scope of work for the developer shall

include

Master planning for the entire 53 hectares of land and construction of common physical and

social infrastructure for the entire area

Development construction and marketing of 795 lakhs square meters of integrated real

estate space

Construction and handing over of 5040 housing units under the BSUP scheme of JNNURM

on a separate layout carved out of the said land PCNTDA will provide the developer the grant

sanctioned by the Government of India for these housing units

Successful selection of private developer

With the objective of undertaking this project on a PPP basis in a transparent and objective manner

PCNTDA launched a three-cover Request for Proposal in June 2009 The bidding parameter was theconstructed ldquoCarpet Areardquo in ldquosquare metersrdquo of affordable housing units that the bidder shall

construct and hand over free of cost to PCNTDA

The tender received good response from four interested bidders Of the four bidders two bidders

were adjudged technically and financially capable and short-listed for the final stage The bidder with

the highest construction carpet area offered to PCNTDA was selected The successful bidder quoted

a carpet area of 130599 square meters of affordable housing units

Thereby the PCNTDA derived a value of 7369 housing units (including 5040 BSUP units) a school

and a hospital for the BSUP units a school and hospital for the general public and development of

public amenities




[12]

Value addition to PCNTDA

In commercial terms PCNTDA saved (i) Rs 190 crores as the gap amount required to fund the BSUP

scheme (ii) Rs 210 crores of construction cost of affordable housing units and (iii) Rs 100 crores on

the development of physical and social infrastructure In addition to this PCNTDA shall receive anupfront payment of Rs 50 crores from the successful bidder The project structure also protects

PCNTDA from cost escalation risks valuation risks and engineering risks




5 Market asse

51 Bangalore gro

The growth of Bangalore has be

from the growth in population in

to the economic opportunities it

Bangalore an obvious choice for

Bangalore has grown at averag

decades It is projected that B

explosive growth has meant th

pressure

Figure 5-1 Population growth

Source City Development Plan Ba

The city leads the country in

available However Bengaluru a

of projects under development a

983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview

en unprecedented in the past couple of decades

the last century Bangalore continues to attract t

offers This is also supported by a salubrious

not only businesses but also for people

compounded annual growth rate (CAGR) of 3

ngalorersquos population will cross the 10 million

at the infrastructure in Bangalore has been p

in Bangalore between 1901 and 2011

galore Development Authority and Census of India

ffice space with 738 million square feet of

lso has 22 per cent of the available space vacan

nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]

This fact is laid bare

rongs of people due

eather which makes

58 in the last three

mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]

52 Demand projections

Bangalore is the largest commercial market and third largest residential market in India The city has

typically been preferred by home buyers because of its favorable socio-economic conditions and a

salubrious climate In recent years Bangalore has attracted a large influx of population engaged inthe thriving IT sector City residential demand is more end-user driven with moderate price

appreciation The average residential real estate price in the city is 20-25 lesser than in Delhi and

Mumbai In the recent National Housing Bank Residex the index indicating property prices across key

cities in India Bangalore witnessed a mere 1 YoY fall in residential prices in 2011-12 Mumbai saw

an 116 YoY jump in home prices while Delhi witnessed 358 YoY increase during 2011-12 The

city witnessed tremendous growth in terms of population and the number of companies setting up

offices there Thus the ongoing projects such as Bengaluru metro rail project various flyovers and

the under-pass construction activities in Outer Ring Road (ORR) CNR and BHEL circles would ease

the congestion and provide better connectivity for all commuters This will boost real estate demand in

and around Bangalore city

In 2011-12 Bangalorersquos commercial market exhibited resiliency with comparatively high demand

levels despite the discomfort in the market on account of global uncertainty Though commercial

property demand in Bangalore is largely dependent on ITITES sectors the share of manufacturing is

increasing at a faster pace and thereby giving further boost to office space demand According to real

estate consultancy firm Knight Frank the manufacturing sector witnessed a quantum leap as its share

of absorption increased from 3 in 4QCY10 to 23 in 4QCY11 The absorption of commercial space

has gone up from 5mn sq ftquarter in CY09 to 7mn sq ftquarter in CY11 thanks to sustained

demand for Bangalore commercial space which witnessed 43 CAGR in absorption level over CY09-

11 Subdued supply during the first two quarters of 2011 coupled with high absorption level has

substantially lowered the vacancy level in the city (bringing it down from 17 in CY10 to 12 in

CY11) With the expansion of existing operations in the IT sector and the entry of newer sectors dueto renewed optimism in the market we expect the level of absorption of office space to remain stable

Revised Master Plan-2015 for the BMA has been published This document gives the likely growth to

take place in various areas of the BMA The population of the BMA is expected to grow from 61 lakh

in 2001 to 122 lakh in 2025

The proposed growth rate and the ever changing urban scenario is bound to increase the commercial

space demand in the region The site at Indiranagar is situated at a junction and has two road facing

sides which makes it very attractive for commercial development The site is also huge in size and

can easily accommodate a mall

Hence in view of the above it can be safely recommended that the site would generate huge interest

within the developers




[15]

6 Project financials

The project costs have been largely derived from the costs indicated by the Bangalore Development

Authority (BDA)

61 Cost estimation

The estimated cost of development of the project is Rs 23931 lakhs The costs have been outlined

below

Table 6-1 Project Cost of the proposed development

Particular Amount inRs Lakhs

Construction Cost 19967

Land Development 793

Other Infrastructure 50

Total Hard Costs 20810

Contingencies 3121

Total Project Development Cost 23931

Apart from the above mentioned project development cost the Concessionaire would incur the

development premium and Interest during construction (IDC) cost

Particulars 25 years 33 Years 66 years

Upfront Premium (Rs Lakh) 965000 1230000 600000

IDC Cost (Rs Lakh) 315600 361500 259100

Revenue Share every year 15 15 15

Total Project Cost (Rs Lakhs) 36737 39846 33022

62 Revenue stream

The Revenues to the Developer would accrue from the revenue earned from the lease rentals and the

maintenance charges which the developer earns from the tenants The total revenue from both the

heads has been arrived at Rs 6720 Lakhs for the base year It has been assumed that the

occupancy of the commercial complex 80 in the base year and stabilizes to a maximum of 95towards the end of the concession period The average lease rentals have been assumed at Rs 70




[16]

per square feet and the maintenance charges have been assumed at Rs 225 per square feet Both

the revenues are escalating at the rate of 10 per annum The income statement for the developer

has been provided in Annexure 1

63 Viability assessment

The viability assessment has been carried out over two concession period ie 25 33 and 66 years


The project level internal rate of return (IRR) IRR of equity and the net present value of the equity

have been worked out

Table 6-2 Viability assessment for BDA complex at Indiranagar

Concession Period Project IRR Equity IRR NPV of Equity

Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000

It is evident that the project is viable for the developer for all the 3 concession periods In case of the

25 year concession period it is estimated that the developer would pay BDA an estimated upfront

premium of Rs 9650 lakhs Similarly the developer would pay BDA an amount of Rs 12300 lakhsand Rs 6000 lakhs for the concession periods of 33 years and 66 years respectively

64 Ranking of options based on commercial viability

Having assessed the project for two concession periods of 25 33 and 66 years we are of the view

that the 25 year concession option will be more suitable since it allows the developer to make

reasonable returns on the projects and his own investments along with a sizeable upfront premium for

BDA BDA would be in a position to renew the contract or retender the project after 25 years which

may enable BDA to earn as per the prevailing market rates




[17]

7 Statutory amp legal framework

71 Legal amp regulatory framework

Development Control Regulations (DCR)

As per RMP ndash 2015 published by BDA the project site has been classified as ldquoCommercial Businessrdquo

As per the definitions of RMP-2015 Commercial Business Zone allows development of Commercial

and Corporate offices Retail Shopping Complexes Restaurants and Hotels Convention centres and

banquet halls financial institutions Cinema and multiplexes places of assembly exhibition centres

Entertainment and amusement centres and stores

Permissible land uses under Commercial (Business) Zone as per RMP-2015 of BDA

Main land use category C3

Other land uses permissible (as main land use) R I-3 T3 amp U4

If the road width is less than 120 m and plot area is less than 240 square metre then C2 I-2

R and U4 only are allowed

The plot size is 24000 square metre Presently it has 18m wide access road The applicable DCR for

the plot as per proposed road width is as follows

Table 7-1 Plot details of Indiranagar site

Sr No Particulars Description Unit

1 Land Use Commercial Business

2 Road Width 18 Metre

3 Permissible FAR 325

4Permissible ground

coverage50




[18]

8 Indicative environmental amp social impacts

81 Environmental impacts

The proposed development is in line with the layout of BDA Due to the reasonably large site area the

development will be on the higher side A set back of 50 is found to be acceptable for the site

however an Environmental Impact Assessment studies have to be undertaken for the sites Since

already a commercial complex is existent redevelopment of the complex would need demolition of

the existent structures Hence a suitable disposal of construction and debris has to be undertaken by

the developer Also a Green building can be developed to ensure minimal effect on nature

82 Social impactsDuring the construction period the existing establishments have to be shifted or compensated

temporarily Hence a clear resettlement plan has to be decided before the implementation of the

project It is envisaged that if due care is taken about the existing tenants the development would go

smoothly

83 Mitigation measures

It is necessary that the impacts are identified early and action plans are prepared for their mitigation in

advance For instance for environmental impacts the BDA may insist on the developer to use clean

and green building technologies

It is also necessary that the project development plan is also accompanied by a Relocation and

Rehabilitation plan which will layout detailed action points with the requisite intervening entity




[19]

9 Operating framework

91 Risks amp mitigation

The risk framework for this project has been outlined below

Table 9-1 Risk mitigation measures

Risk Category Risk implication Mitigation measure

Sponsor risk BDA scraps the project Termination payments in case of BDA scrapping the

project

Environment

risk

Adverse impact on

surrounding environment

Penalty clauses in case of default on

Concessionairersquos part

Environmental Impact Assessment to identify all

risks in advance

Political riskChange in government may

put project in jeopardy

Termination payments in case of project being

scrapped

Force

majeure riskProject is abandoned

Force majeure clauses in the concession

agreement

Operating riskThe operations of the

facility are stalled

Performance security clause in case of default on


Design risk Overdesign of the projectProject design to be finalized in mutual agreement

of concessionaire and BDA

Completion

risk

Completion of project is

delayed inconvenience to

citizens and tenants

Penalty clauses for time overrun in the concession

agreement

Cost overrun

risk

Project cost increases

beyond reasonable limits

Project cost increment ceiling to be specified in the

concession agreement Increase beyond this ceiling

to be borne by the developer No change in revenue

sharing

92 Indicative project structure

The best approach for such a large ticket project would be for the BDA to become a key actor in the

entire process of development The BDA may ask the private sector partner to form a Special

Purpose Company where the equity will be brought in by the private sector developer The designs




[20]

should be left to the developer and BDArsquos role would be in approving the same in accordance with the

Development Control Regulations

The SPC will develop and maintain Complex throughout the concession period The tenants would

pay the developer a sub-lease premium or lease rentals which will be escrowed in a separate accountand can be withdrawn based on the revenue sharing structure adopted




10 Way ahead

101 Project develo

The key task for BDA is to ap

feasibility of the project Once t

the bid process

Figure 10-1 Project developm

The transaction advisor shall stralso prepare the relevant bid

management on behalf of BDA

102 Procurement

The foremost step for BDA is

feasibility The detailed financial

parameter Also an optimum str

bid documents would be prepar

process be conducted as a 2 sta

983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework

oint a Transaction Advisor in order to conduc

e financial numbers are acceptable BDA BDA

nt framework

ucture the project upon completion of the feasibidocuments The transaction advisor shall un

nd will assist in appointment of the private secto

lan

to appoint a Transaction Advisor for the co

feasibility would determine the tentative revenue

cture would be arrived at Post the approval of

d for the selection of the developer It is recom

ge process involving Technical qualification and

983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]

a detailed financial

should proceed with

ility studies and shallertake bid process

partner

nducting the project

for BDA and the bid

easibility Report the

mended that the Bid

inancial proposal



B a n g a l o r e D e v e l o p m e n t A u t h o r i t y

B D A s h o u l d i n i t i a t e t h e p r o c e s s o f a p p o

i n t i n g a t r a n s a c t i o n a d v i s o r a t t h e

e a r l i e s t T h i s p r o c e s s c a n b e c o m p l e t e d i n 2 m o n t h s

O n c e t h e T A

i s i n p l a c e

t h e B D

A s h o u l d a l l o w

a t l e a s t 4 m o n t h s f o r t h e p r e p a r a t i o n o f f e a s i b i l i t y p r o j e c t s t r u c t u r i n g a n d b i d d o c u m e n

t s

O n c e t

h e b i d d o c u m e n t s a r e i n p l a c e t h

e B D A

s h o u l d i n i t i a t e t h e p r o c e s s

o f s e l e c t i n g t h e p r i v a t e s e c t o r p a

r t n e r w h i c h c a n b e c o m p l e t e d o v e r a 4 m o n t h

p e r i o d

T h e c u

r r e n t p r o c u r e m e n t p l a n i s s p r e a d

o v e r 1 1 m o n t h s w h i c h c a n b e s

h o r t e n e d d e p e n d i n g o n t h e m a n n e r i n w h i c h B D A

m a k e s d e c i s i o n

s r e l a t i n g t o

a p p o i n

t m e n t o f T A a n d p r i v a t e d e v e l o p e r

A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2

A p p o i n t m e t o f t r a n s a c t i o n a d v i s o r

D e t a i l e d t e c h n o - e c o n o m i c f e a s i b i l i t y a n d

b i d d o c u m e n t p r e p a r a t i o n

B i d p r

o c e s s m a n a g e m e n t

S e l e c t i o n o f p r e f e r r e d b i d d e r a n d f o r m a t i o n o f S P C




1 1

A n n e x u r e 1 ndash C a s h - f l o w

s t a t e m e n t

R e v e n u e H e a d

S u b H e a d R a t e

U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e

r c i a l s p a c e l e a s e d o u t

s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

D e p o s i t f o r L e a s e

( N o o f m o n t h s r e n t )

1 2

A v e r a g e

L e a s e R e n t a l s

7 0

R s p s f p e r m o n t h

E s c a l a t i o n

1 0

M a i n t e n

a n c e c h a r g e s

2 2 5


R e v e n u e f r o m

L e a s e R e n t a l

R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7


M a i n t e n a n c e c h a r g e s

-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9

C o m m e r c i a l S p a c e

O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5

C o m m e r c i a l s p a c e l e a s e d o u t

s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g

e L e a s e R e n t a l s

7 0 R s p s f p e r m o n t h

E s c a l a

t i o n

1 0

M a i n t e

n a n c e c h a r g e s

2 2

5 R s p s f p e r m o n t h

R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3

T o t a l R e v e n u e

1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer

CRISIL Risk and Infrastructure Solutions Limited (CRIS) has taken due care and caution in preparation of this Report for

Bangalore Development Authority which is under the purview of the Urban Development Department Government of

Karnataka This Report is based on the information documents provided by the Company andor information available publicly

andor obtained by CRIS from sources which it considers reliable CRIS does not guarantee the accuracy adequacy or

completeness of the information documents Report and is not responsible for any errors or omissions or for the results

obtained from the use of the same The Report and results stated therein are subject to change CRIS especially states that it

has no financial liability whatsoever to the Company users of this Report This Report is strictly confidential and should not be

reproduced or redistributed or communicated directly or indirectly in any form or published or copied in whole or in part

especially outside India for any purpose



Registered Office ndash Mum

CRISIL House Central AvenueHiranandani Business ParkPowai Mumbai- 400 076Phone 91-22-3342 3000Fax 91-22-3342 3810

New Delhi

The Mira G-1 1st Floor Plot NoIshwar Nagar Mathura Road

New Delhi - 110 065 IndiaPhone 91-11-4250 510091-11-2693 0117 - 121Fax 91-11-2684 2213

Hyderabad

3rd Floor Uma ChambersPlot No 9amp10 Nagarjuna HillsNear Punjagutta Cross RoadHyderabad - 500 082Phone 91-40-40328200Fax 91-40-2335 7507

Bengaluru

W-101 Sunrise Chambers22 Ulsoor RoadBengaluru - 560 042Phone 91-80-2558 0899Fax 91-80-2559 4801

Ahmedabad

706 Venus AtlantisNear Reliance Petrol PumpPrahladnagarAhmedabad -Phone 91-79-4024 4500Fax 91-79-2755 9863

Visit us atwwwcrisilcom

ai

1 amp 2

About CRISIL Infrastructu

CRISIL Infrastructure Advisory

CRISIL Risk and Infrastructure

Limited a 100 subsidiary of

Indiarsquos leading Ratings Resear

Policy Advisory Company


premier advisor focusing on po

well as commercial and contra

the areas of transport energyinfrastructure We also provide

international firms planning inv

India Over a period of time C

Infrastructure Advisory has buil

position for itself in these doma

considered the preferred cons

governments multilateral agen

sector clients We have extend

operations beyond India and ar

other emerging markets in Afri

and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East



[b]

Abbreviations

Acronym Definition

ATM Automated Teller Machine

BDA Bangalore Development Authority

BEL Bharat Electronics Limited

BHEL Bharat Heavy Electricals Limited

BMA Bangalore Metropolitan Area

BSUP Basic Services for Urban Poor

BUP Built-Up (Area)

CAGR Compounded Annual Growth Rate

CITB City Improvement Trust Board

CRIS CRISIL Risk amp Infrastructure Solutions Limited

CRRI Central Road Research Institute

DCR Development Control Regulations

FAR Floor Area Ratio

IRR Internal Rate of Return

ITeS Information Technology Enabled Services

JNNURM Jawaharlal Nehru National Urban Renewal Mission

LPG Liquefied Petroleum Gas

NPV Net Present Value

ORR Outer Ring Road

PCNTDA Pimpri Chinchwad New Township Development Authority

PPP Public Private Partnership

RMP Revised Master Plan



[c]

Acronym Definition





[iv]

Contents

1

Executive summary 1

2

Introduction 3

21

Project idea 3

22


23


3

Sector profile 5

31

Industry overview 5

32

Regional profile 5

Geography 6

Connectivity 6


33

Key issues 7

4

Project 8

41


42


43



45 Case studies 9



5


51


52


6


61

Cost estimation 15

62

Revenue stream 15

63


64


7


71


8


81




[v]

82

Social impacts 18

83


9


91


92


10

Way ahead 21






[vi]

List of Tables







[vii]

List of Figures









[1]

1 Executive summary























vendors





















[2]

















[3]

2 Introduction









21 Project idea



















graphically below





23 Review of pre

















officials


figure


y

odology

ious studies


















Be

a

Finalrecommendation

[4]


3802010-11 dated


angalorerdquo

ith the designs and



11 Lakhs including

share between the

ld provide However


t Hence an area of

nsultation with BDA


lock coststimation

inancialsessment




[5]

3 Sector profile






























32 Regional profile









[6]





Geography




the north







Connectivity



Road



Pune and Varanasi

Railways




Air















[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East



[c]

Acronym Definition





[iv]

Contents

1

Executive summary 1

2

Introduction 3

21

Project idea 3

22


23


3

Sector profile 5

31

Industry overview 5

32

Regional profile 5

Geography 6

Connectivity 6


33

Key issues 7

4

Project 8

41


42


43



45 Case studies 9



5


51


52


6


61

Cost estimation 15

62

Revenue stream 15

63


64


7


71


8


81




[v]

82

Social impacts 18

83


9


91


92


10

Way ahead 21






[vi]

List of Tables







[vii]

List of Figures









[1]

1 Executive summary























vendors





















[2]

















[3]

2 Introduction









21 Project idea



















graphically below





23 Review of pre

















officials


figure


y

odology

ious studies


















Be

a

Finalrecommendation

[4]


3802010-11 dated


angalorerdquo

ith the designs and



11 Lakhs including

share between the

ld provide However


t Hence an area of

nsultation with BDA


lock coststimation

inancialsessment




[5]

3 Sector profile






























32 Regional profile









[6]





Geography




the north







Connectivity



Road



Pune and Varanasi

Railways




Air















[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East



[iv]

Contents

1

Executive summary 1

2

Introduction 3

21

Project idea 3

22


23


3

Sector profile 5

31

Industry overview 5

32

Regional profile 5

Geography 6

Connectivity 6


33

Key issues 7

4

Project 8

41


42


43



45 Case studies 9



5


51


52


6


61

Cost estimation 15

62

Revenue stream 15

63


64


7


71


8


81




[v]

82

Social impacts 18

83


9


91


92


10

Way ahead 21






[vi]

List of Tables







[vii]

List of Figures









[1]

1 Executive summary























vendors





















[2]

















[3]

2 Introduction









21 Project idea



















graphically below





23 Review of pre

















officials


figure


y

odology

ious studies


















Be

a

Finalrecommendation

[4]


3802010-11 dated


angalorerdquo

ith the designs and



11 Lakhs including

share between the

ld provide However


t Hence an area of

nsultation with BDA


lock coststimation

inancialsessment




[5]

3 Sector profile






























32 Regional profile









[6]





Geography




the north







Connectivity



Road



Pune and Varanasi

Railways




Air















[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East



[v]

82

Social impacts 18

83


9


91


92


10

Way ahead 21






[vi]

List of Tables







[vii]

List of Figures









[1]

1 Executive summary























vendors





















[2]

















[3]

2 Introduction









21 Project idea



















graphically below





23 Review of pre

















officials


figure


y

odology

ious studies


















Be

a

Finalrecommendation

[4]


3802010-11 dated


angalorerdquo

ith the designs and



11 Lakhs including

share between the

ld provide However


t Hence an area of

nsultation with BDA


lock coststimation

inancialsessment




[5]

3 Sector profile






























32 Regional profile









[6]





Geography




the north







Connectivity



Road



Pune and Varanasi

Railways




Air















[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East



[vi]

List of Tables







[vii]

List of Figures









[1]

1 Executive summary























vendors





















[2]

















[3]

2 Introduction









21 Project idea



















graphically below





23 Review of pre

















officials


figure


y

odology

ious studies


















Be

a

Finalrecommendation

[4]


3802010-11 dated


angalorerdquo

ith the designs and



11 Lakhs including

share between the

ld provide However


t Hence an area of

nsultation with BDA


lock coststimation

inancialsessment




[5]

3 Sector profile






























32 Regional profile









[6]





Geography




the north







Connectivity



Road



Pune and Varanasi

Railways




Air















[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East



[vii]

List of Figures









[1]

1 Executive summary























vendors





















[2]

















[3]

2 Introduction









21 Project idea



















graphically below





23 Review of pre

















officials


figure


y

odology

ious studies


















Be

a

Finalrecommendation

[4]


3802010-11 dated


angalorerdquo

ith the designs and



11 Lakhs including

share between the

ld provide However


t Hence an area of

nsultation with BDA


lock coststimation

inancialsessment




[5]

3 Sector profile






























32 Regional profile









[6]





Geography




the north







Connectivity



Road



Pune and Varanasi

Railways




Air















[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[1]

1 Executive summary























vendors





















[2]

















[3]

2 Introduction









21 Project idea



















graphically below





23 Review of pre

















officials


figure


y

odology

ious studies


















Be

a

Finalrecommendation

[4]


3802010-11 dated


angalorerdquo

ith the designs and



11 Lakhs including

share between the

ld provide However


t Hence an area of

nsultation with BDA


lock coststimation

inancialsessment




[5]

3 Sector profile






























32 Regional profile









[6]





Geography




the north







Connectivity



Road



Pune and Varanasi

Railways




Air















[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[2]

















[3]

2 Introduction









21 Project idea



















graphically below





23 Review of pre

















officials


figure


y

odology

ious studies


















Be

a

Finalrecommendation

[4]


3802010-11 dated


angalorerdquo

ith the designs and



11 Lakhs including

share between the

ld provide However


t Hence an area of

nsultation with BDA


lock coststimation

inancialsessment




[5]

3 Sector profile






























32 Regional profile









[6]





Geography




the north







Connectivity



Road



Pune and Varanasi

Railways




Air















[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[3]

2 Introduction









21 Project idea



















graphically below





23 Review of pre

















officials


figure


y

odology

ious studies


















Be

a

Finalrecommendation

[4]


3802010-11 dated


angalorerdquo

ith the designs and



11 Lakhs including

share between the

ld provide However


t Hence an area of

nsultation with BDA


lock coststimation

inancialsessment




[5]

3 Sector profile






























32 Regional profile









[6]





Geography




the north







Connectivity



Road



Pune and Varanasi

Railways




Air















[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East





23 Review of pre

















officials


figure


y

odology

ious studies


















Be

a

Finalrecommendation

[4]


3802010-11 dated


angalorerdquo

ith the designs and



11 Lakhs including

share between the

ld provide However


t Hence an area of

nsultation with BDA


lock coststimation

inancialsessment




[5]

3 Sector profile






























32 Regional profile









[6]





Geography




the north







Connectivity



Road



Pune and Varanasi

Railways




Air















[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[5]

3 Sector profile






























32 Regional profile









[6]





Geography




the north







Connectivity



Road



Pune and Varanasi

Railways




Air















[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[6]





Geography




the north







Connectivity



Road



Pune and Varanasi

Railways




Air















[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[7]

33 Key issues

















4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




4 Project

41 Description of







vendors

42 Components o




43 Description of







y

the project







f the project




the site







[8]

nd would be handed


hroughout the lease




sfer model on PPP

t of MG road one of

by the Old Madras

vanbheemanagar in


yoti Vijaya and ESI




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[9]











45 Case studies














properties



Category Details




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[10]

Category Details


Cost of


Description


the Corporation








Corporation


concessionaire











technology













[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[11]


the bid process

The concept













The project





include




estate space














public amenities




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[12]









5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




5 Market asse

51 Bangalore gro








pressure






983089983086983094983091 983089983086983096983097 983090983086983092

983088

983089983088

983090983088

983091983088

983092983088

983093983088

983094983088

983095983088

983096983088

983097983088

983089983097983088983089 983089983097983089983089 983089983097983090983089

983120 983151 983152 983157 983148 983137 983156 983145 983151 983150 983145 983150 983116

983137 983147 983144 983155

y

sment

th overview












nd reduced demand

983091983086983089 983092983086983089983089983095983086983096983094

983089983090983086983088983094

983089983094983086983094983092

983090983097983086983090983090

983092

983089983097983091983089 983089983097983092983089 983089983097983093983089 983089983097983094983089 983089983097983095983089 983089983097983096983089 983089983097

[13]


rongs of people due

eather which makes


mark by 2021 This

t under tremendous

commercial capacity

with a large number

983086983091

983093983094983086983096983094

983096983092

983097983089 983090983088983088983089 983090983088983089983089




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[14]



























in 2001 to 122 lakh in 2025










[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[15]



Authority (BDA)

61 Cost estimation


below







Contingencies 3121






IDC Cost (Rs Lakh) 315600 361500 259100



62 Revenue stream








[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[16]











Upfront Premium

(Rs in Lakhs)

25 years 1777 2007 96 9650

33 years 1818 2006 108 12300

66 years 2101 2333 5285 6000













[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[17]





















4Permissible ground

coverage50




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[18]












smoothly










[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[19]







project

Environment

risk

Adverse impact on





risks in advance




scrapped

Force



agreement







Completion

risk





agreement

Cost overrun

risk






sharing








[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




[20]








10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




10 Way ahead

101 Project develo



the bid process




102 Procurement






983105983152983152983151983145983150983156983149983141983150983156 983151983142 983156983154983137

983108983141983156983137983145983148983141983140 983142983141983137983155983145983138

983155983156983154983157983139983156983157983154983145983150983143

983120983154983141983152983137983154983137983156983145983151

983123983141983148983141983139

y

pment framework



nt framework



lan






983155983137983139983156983145983151983150 983137983140983158983145983155983151983154

983148983145983156983161 983155983156983157983140983145983141983155 983137983150983140 983152983154983151983146983141983139983156

983150 983151983142 983138983145983140 983140983151983139983157983149983141983150983156983155

983145983151983150 983151983142 983152983154983145983158983137983156983141 983155983141983139983156983151983154 983152983137983154983156983150983141983154

[21]


should proceed with


partner


for BDA and the bid


mended that the Bid

inancial proposal







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East







O n c e t h e T A

i s i n p l a c e

t h e B D



t s

O n c e t


e B D A




p e r i o d

T h e c u






a p p o i n


A c t i v i t y

M 1

M 2

M 3

M 4

M 5

M 6

M 7

M 8 M

9

M 1 0

M 1 1

M 1 2




B i d p r






1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East




1 1


s t a t e m e n t



U n i t

3 1 - M a r - 1 4

3 1 - M

a r - 1 7

3 1 - M a r - 2 2

3 1 - M a r - 2 7

3 1 - M a r - 3 2

3 1 - M a r - 3 7

3 1 - M a r - 4 2

3 1 - M a r - 4 7

3 1 - M

a r - 5 2

3 1 - M a r - 5 7

3 1 - M a r - 6 2

C o m m e

r c i a l S p a c e

O c c u p a

n c y

P e r c e n t a g

0

9 0

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

9 5

C o m m e


s q f t

-

7 2 0 6

9 0

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8

7 6

0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g e


7 0


E s c a l a t i o n

1 0

M a i n t e n


2 2 5




R s

L a k h s

-

8 8

6 3

1 5 0

6 8

2 4 2

6 6

3 9 0

8 1

6 2 9

4 1

1 0 1 3

6 7

1 6 3 2

5 3

2 6

2 9

2 0

4 2 3 4

3 5

6 8 1 9

4 7



-

2 8 5

4 8 4

7 8 0

1 2

5 6

2 0

2 3

3 2

5 8

5 2

4 7

8 4

5 1

1 3 6

1 0

2 1 9

2 0

T o t a l R

e v e n u e

-

9 1 4 8

1 5 5 5 2

2 5 0 4 6

4 0 3 3 8

6 4 9 6 4

1 0 4 6 2 5

1 6 8 5 0 0

2 7

1 3 7 1

4 3 7 0 4 6

7 0 3 8 6 7

R e v e n

u e H e a d


U n i t

3 1 - M a r - 6

7

3 1 - M a r - 7 2

3 1 - M a r - 7 8

3 1 - M a r - 7 9


O c c u p a n c y

P e r c e n t a g

9 5

9 5

9 5

9 5


s q f t

7 6 0 7 2

8

7 6 0 7

2 8

7 6 0 7

2 8

7 6 0 7

2 8



1 2

A v e r a g



E s c a l a

t i o n

1 0

M a i n t e


2 2


R e v e n u

e f r o m


R s

L a k h s

1 0

9 8 2 8 2

1 7

6 8 7

9 4

3 1

3 3 5

2 7

3 4

4 6 8

8 0

R e v e n u

e f r o m


3 5 3 0 2

5 6 8

5 4

1 0 0 7

2 1

1 1 0 7

9 3


1 1 3 3 5 8 4

1 8 2 5 6 4 8

3 2 3 4 2 4 8

3 5 5 7 6 7 2



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East



[x]



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East



[y]

Disclaimer














New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East





New Delhi



Hyderabad


Bengaluru


Ahmedabad



ai

1 amp 2




















and South Asia

re Advisory

is a division of

Solutions

RISIL Limited ndash

ch Risk and

is Indiarsquos

licy issues as

tual issues in

nd urbansupport to

stments in

ISIL

t a unique

ins and is

ltant by

cies and private-

ed our

e present in

a Middle East

Documents

GIM Pre-Feasibility Report - Indiranagar_Revised