Signature Tower Vizag Project Information Memorandum

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Development of Signature Tower atMadhurawada on Public-PrivatePartnership in Visakhapatnam, AndhraPradesh, India

August 2015

Request for Proposal

Volume 3: Project Information Memorandum

Andhra Pradesh Industrial Infrastructure Corporation LimitedParisrama Bhavanam, 6thFloor, 5-9-58/B, Fateh Maidan Road,

BasheerBagh, Hyderabad - 500004.Ph: +91 40 2323 7622, Fax: +91 40 2323 3251

Internet: www.apiic.in


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Development of Signature Tower at Madhurawada on PPP Mode Volume 3Location: Visakhapatnam, Andhra Pradesh, India Project Information Memorand um

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TABLEOFCONTENTS

PROJECTSUMMARY

1.0 PROJECT SITE ....................................................................................................... 9

1.1

LOCATION............................................................................................................. 9

1.2 DETAILS OF THE PROJECT SITE............................................................................. 9

2.0 PRODUCT MIX AND CONCEPTUAL MASTER PLAN................................................... 10

2.1 DEVELOPMENT STRATEGY................................................................................... 10

2.2 CONCEPTUAL MASTER PLAN............................................................................... 11

3.0 DEVELOPMENT ACTIVITIES ................................................................................... 15

3.1 MINIMUM DEVELOPMENT OBLIGATIONS................................................................ 15

3.2 AUXILIARYACTIVITIES......................................................................................... 15

3.3

PROHIBITEDACTIVITIES....................................................................................... 15

3.4 TECHNICAL SPECIFICATIONS OF THE BUILDING..................................................... 15

3.5 PROJECT COST ESTIMATE................................................................................... 18

LIST OF ABBREVIATIONS

ACP Aluminum Composite Panel

APIIC Andhra Pradesh Industrial Infrastructure Corporation

ASHRAE American Society of Heating, Refrigerating, and Air-Conditioning Engineers

BMS Building Monitoring System

CCTV Close Circuit Television

COD Commercial Operation Date

COP Coefficient of Performance

F&B Food and Beverages

GO Government Order

GoAP Government of Andhra Pradesh

IT Information Technology

ITES Information Technology Enabled Services

KV Kilo Volt

LPG Liquefied Petroleum Gas

NBC National Building Code of IndiaPPP Public Private Partnership

RCC Reinforced Cement Concrete

RFP Request For Proposal

SEZ Special Economic Zone

SPC Special Purpose Company

STP Sewerage Treatment Plant

UPS Un-interrupted Power Supply

VUDA Visakhapatnam Urban Development Authority


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CONVERSION OF UNITS

1 hectare 2.4711 acres

1 acre 43559.66 sq. ft.

1 acre 4046.9 sq. m

1 acre 4839.963 sq. yards

1 sq. km 247.11 acres

1 sq. m 10.764 sq. ft.

1 meter 3.28 ft.

1 meter 1.09361 yards


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PROJECT SUMMARY

Particulars Description

Name of the Project Development of Signature Tower at Madhurawada Visakhapatnam,Andhra Pradesh, India (hereinafter referred to as Project)

Nodal Agency Andhra Pradesh Industrial Infrastructure Corporation Limited (hereinafterreferred to as Authority)

Land Area Total land area earmarked by the Authority is approximately 72,788 sq.m. (17.98 acres) and the development is envisaged in two phases.Phase-wise land area break-up is given below:

Phase 1: 32,375 sq. m. (approximately 8 acres)

Phase 2: 40,402 sq. m. (approximately 9.98 acres)

Please note that the scope of this RFP document is only Phase 1development. The Authority reserves all rights to undertake Phase 2development at its full discretion without any limitations

Project Components Mandatory Activities: IT Office / Commercial Office space, BusinessCentre, Meeting Rooms/ Conference Rooms along with minimumCar Parking as per the development control regulations mentioned inGO 168 of the Government of Andhra Pradesh.

Auxiliary Activities: Support Retail, Food & Beverages Facilities,

Business Hotel/ Serviced Apartments and Open Air Theatre/Amphitheatre along with minimum Car Parking as per thedevelopment control regulations mentioned in GO 168 of theGovernment of Andhra Pradesh.

Prohibited Activities: Prohibited activities means use of any built upspace for the purposes directly or indirectly, as Residential, Hospital,Warehousing, Car Showrooms, Industrial Activities, Automobile-repair/ services/ vehicular servicing shops, LPG Godowns, PetrolBunk, any trade or activity involving any kind of obnoxious,hazardous, inflammable, non-compatible and polluting substance orprocess.

Estimated ProjectCost

The project cost is estimated at Rs 291.17 Crores including interestduring construction but excluding land cost. The above mentionedproject cost does not include the cost for site development activities,which shall be undertaken by APIIC.

Development /ImplementationFormat

On Public-Private-Partnership (PPP) format -- design, build, finance,operate and transfer (DBFOT) the Project as per the terms andconditions of the Concession Agreement to be signed between thePreferred Bidder and the Authority.

InstitutionalStructure

Single Entity or a group of entities (Consortium)

Consortium members not to exceed maximum of 3 (three)

members

Preferred Bidder shall form a Special Purpose Company (SPC) foraccepting the Letter of Award. SPC shall enter into Concession


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Agreement with the Authority

In case the Selected Bidder is a Consortium:

o The members of the Consortium whose experience will beevaluated for the purposes of this RFP document, shallsubscribe to at least 26% (twenty six percent) or more ofthe paid up and subscribed equity of the SPC at all times,for a minimum period of 5 (five) calendar years from thedate of signing of the Concession Agreement or 2 (two)calendar years from the date of commercial operation,whichever is later.

o The members of the Consortium shall collectively hold atleast 51% (fifty one per cent) of the subscribed and paid upequity of the SPC at all times, for a minimum period of 5

(five) calendar years from the date of signing of theConcession Agreement or 2 (two) calendar years from thedate of commercial operation, whichever is later.

o The Lead Member shall hold at least 26% (twenty sixpercent) of the subscribed and paid up equity share capitalof the SPC throughout the Concession Period and theLease Period.

o The Bidder further acknowledges and agrees that theaforesaid obligation shall be the minimum, and shall be inaddition to such other obligations as may be contained inthe Concession Agreement, and a breach hereof shall,notwithstanding anything to the contrary contained in theConcession Agreement, be deemed to be a breach of theConcession Agreement and dealt with as such thereunder.For the avoidance of doubt, the provisions of this Clauseshall apply only when the Bidder is a Consortium.

In case the Selected Bidder is a Single Entity:

o Bidder shall hold at least 51% (fifty one percent) ofsubscribed and paid up equity share capital of the SPC atall times, for a minimum period of 5 (five) calendar yearsfrom the date of signing of the Concession Agreement or 2(two) calendar years from the date of commercialoperation, whichever is later.

o Bidder shall hold at least 26% (twenty six percent) ofsubscribed and paid up equity share capital of the SPCthereafter, throughout the Concession Period and LeasePeriod.

Bid Parameter The bid parameter shall be the highest Concession Payment, not lessthan the Minimum Reserve Concession Payment, which is fixed at Rs.1.25 Crores (Rupees One Crore Twenty Five Lakhs Only). Any bidsquoting less than the Minimum Reserve Concession Payment shall beconsidered non-responsive and rejected.

Structure The SPC shall enter into a Concession Agreement with theAuthority for a period of 8 (eight) calendar years or 6 (six) calendaryears post Commercial Operation Date (COD), whichever is later.


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After the expiry of the Concession Period, the Authority and theConcessionaire will sign a Lease Agreement for a period of 30

(thirty) calendar years in the form provided by the Authority as partof the Bidding Documents pursuant hereto.

Annual Lease Rent Annual Lease Rent of Rs. 815 (Rupees Eight Hundred FifteenOnly) per sq. m. of land area plus applicable taxes (hereinafterreferred to as the Annual Lease Rent) to the Authority for theentire year beginning the commencement of Lease Period. ThisAnnual Lease Rent is payable for the first year after the signing ofthe Land Lease Agreement

The Annual Lease Rent shall be subject to an increase at the rateof 10% (ten percent) every 5 (five) years from the commencementdate of the Lease Period, during the entire term of the Lease

Agreement. Land Lease Rent and subsequent escalation above is worked out

on the basis of GO Ms. No. 571 dated 14/09/2012, of theGovernment of Andhra Pradesh, for prevailing Market Value for theProject Site (IT Non-SEZ, Hill No. II & III, Madhurawada) of Rs.6,720 per sq. m., escalated twice at 10% for time duration of theConcession Period.

Construction Periodand CommercialOperation Date

The SPC shall complete plan preparation, execution drawings,secure all approvals & clearances including financial closure andmobilization of all resources within 3 (three) calendar months fromthe date of signing the Concession Agreement

The SPC shall complete construction of all mandatory activitiesand proposed auxiliary activities within 18 (eighteen) calendarmonths from the date of signing the Concession Agreement andachieve COD

Eligibility Criteria The Bidder may be a single entity or a group of entities (theConsortium)

A single entity Bidder shall either be a company incorporated underthe Indian Companies Act, 1956 or a body corporate incorporatedunder the applicable laws of its origin

in case of a Consortium, each of the entities forming theConsortium (the Member(s)) shall either be a company registeredunder the Indian Companies Act, 1956 or a body corporateincorporated under the applicable laws of its origin.

Threshold TechnicalCapacity

For demonstrating technical capacity and experience (theTechnical Capacity), the Bidder shall meet the requirements setout below (the Threshold Technical Capacity).

o The Bidder shall have minimum of 5 (five) years ofexperience demonstrated through audited financialstatements;

o Development or Construction experience of a Single

Project of Rs. 200 Crore (Rupees Two Hundred Crore); or

o Development and/ or Construction experience of at most 3(three) Projects totaling to at least Rs. 300 Crore (Rupees


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Three Hundred Crore) with the minimum project cost beingat least Rs. 100 Crore (Rupees One Hundred Crore) of

each project For the purpose of this RFP document, Project here means IT

Parks / Commercial Office Buildings/ Hotel (Not less than 3-StarCategory), Commercial Complex, Retail Space, Business Centers,etc.

Financial Capacity For demonstrating financial capacity in terms of turnover and networth (the Financial Capacity), the Bidder shall meet therequirements set out below (the Threshold Financial Capacity).

o The Bidder shall demonstrate the financial turnover as perthe formula 2*A*n-B >= Project Cost wherein A representsmaximum annual turnover achieved over last 5 years, forwhich audited financial statements are available; nrepresents construction period in years (i.5 years in thecase of present Bid); and B represents Volume of OngoingWorks in Hand. The Bidder to submit a declaration on theVolume of Ongoing Works in Hand, duly certified theirStatutory Auditor. For the purpose of assessment, ProjectCost should be taken as Rs. 300 Crores including interestduring construction but excluding land cost.

o In case of Consortium, the aggregate financial turnover ofthe consortium members (maximum 3 members) shouldsatisfy the formula 2*A*n-B >= Project Cost.

o The Bidder shall have a minimum Net Worth (the FinancialCapacity) of Rs. 100 Crore (Rupees Hundred Crore) as atthe close of the preceding financial year, for which auditedfinancial statements are available i.e. 31 March 2014.

o In case of Consortium, the aggregate Net Worth of theconsortium members (maximum 3 members) should addup to Rs. 100 Crore (Rupees Hundred Crore) as at theclose of the preceding financial year, for which auditedfinancial statements are available i.e. 31 March 2014.

Bid Submission Envelope 1: Key Submission

Envelope 2: Technical Bid comprising all duly filled up formats as

specified in the RFP documents including Master Plan, ProductMix, Concept Plan including, but not limited to salient features ofthe architecture, elevation section, perspective views, etc., projectcost estimate, technical specifications, implementation schedule,marketing plan, etc. for assessment as per Appendix V of theVolume 1

Envelope 3: Financial Bid comprising Price Bid Letter, detailedfinancial workings including soft copy of the Business Plan.

Cost of RFPDocument

Rs. 20,000/- (Rupees Twenty Thousand Only) in the form of demanddraft / pay order issued by a nationalized bank, or a Scheduled Bank in

India

Bid Security Rs. 3,00,00,000/- (Rupees Three Crores Only), which is equivalent to


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approximately 1% (one percent) of the Estimated Project Cost, payablein the form of demand draft / bank guarantee issued by a nationalized

bank, or a Scheduled Bank in India

PerformanceSecurity

Rs. 15,00,00,000/- (Rupees Fifteen Crores Only), which is equivalentto approximately 5% (five percent) of the Estimated Project Cost,payable in the form of demand draft / bank guarantee issued by anationalized bank, or a Scheduled Bank in India. Performance Securityto be payable by the Preferred Bidder along with acceptance of theLetter of Award. Performance Security to be valid for the entireConcession Period.

Schedule As given in the Volume 1 of the Request for Proposal document.


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1.0 PROJECT SITE

1.1 LOCATION

The Project Site is located in the Visakhapatnam City, the largest city in the state of AndhraPradesh, India. The city is well connected with other parts of the state and country by road, railand air. NH-5 (New NH-16) passes through the city connecting the city with major cities likeChennai, Vijayawada, Bhubaneswar and Kolkata. Visakhapatnam International Airport has directflights international destinations like Kuala Lumpur, Singapore and Dubai. A new internationalairport is being proposed at Bhogapuram about 38 km from the Project site.

The Project Site is located amidst Madhurawada IT SEZ on Hill No. 3 within the VisakhapatnamCity and forms part of the planning jurisdiction of the Visakhapatnam Urban DevelopmentAuthority (VUDA). The Project Site admeasures approximately 8 acres (32,375 sq. m.). The mapbelow presents geographic location of the Project Site.

1.2 DETAILS OF THE PROJECT SITE

The Project Site is accessible from an existing 80 feet wide road. Some of the salient features ofthe Project Site are summarized in the table in the following page.

Area 8 acres (32,375 sq. m.)

Access Existing 80 feet wide SEZ Road, which will be de-notified from SEZ status

Shape Polygonal

Visibility Visible from existing 80 feet road and from bottom of Hill No. 3

Contiguity Contiguous

Topography Highly Contoured


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The Project Site photographs are given below.

Different Views of Project Site

Different Views of Access Road

2.0 PRODUCT MIX AND CONCEPTUAL MASTER PLAN

2.1 DEVELOPMENT STRATEGY

Based on the international benchmarking of iconic structures, the proposed Signature Towers atthe Project Site is envisaged to be positioned as the destination for IT development inVisakhapatnam. The table below presents the product mix rationale used to develop the SignatureTowers at the Project Site.

Product Mix / Activity Mix Built-Up Area(sq. ft.)

Parking Area(sq. ft.)

No. of CarParking Units

Commercial / Office for IT-ITES Use 791,960 435,578 1,197

Support Retail and F&B 80,802 44,441 122

Conference / Meeting Rooms 21,405 7,063 19

Business Center 11,130 3,673 10

Total 905,297 490,755 1,348


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It may be noted that the overall land extent available at the Project Site is approximately 72,788sq. m. (17.98 acres) and the development is envisaged in two phases. Above development mix isenvisaged as Phase 1 development spread over approximately 32,375 sq. m. (approximately 8acres) of land. The Authority has earmarked balance 40,402 sq. m. (approximately 9.98 acres) ofland extent for Phase 2 development. Please note that the scope of this RFP document is onlyPhase 1 development. The Authority reserves all rights to undertake Phase 2 development at itsfull discretion without any limitations

2.2 CONCEPTUAL MASTER PLAN

The Authority has appointed Jones Lang LaSalle Property Consultants (India) Private Limited asProject Advisor to the Authority (hereinafter referred to as Project Advisors). The Project Advisorshave prepared the illustrative Concept Plan for the Project. The thought process and the artisticimpression of the proposed Signature Tower Project prepared by the Project Advisors arepresented below.

Design Concept Development


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Site Plan of the Project Site (Phase 1 & 2)

Thought Process for Development of the Project Site (Phase 1 & 2)


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Artistic View of the Proposed Development of the Project Site

Artistic View of the Proposed Development of the Project Site


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Artistic View of the Proposed Development of the Project Site (Phase 1 & 2)


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3.0 DEVELOPMENT ACTIVITIES

(PPP) format -- design, build, finance, operate and transfer the Project as per the terms andconditions of the Concession Agreement to be signed between the Preferred Bidder and the

Authority

3.1 MINIMUM DEVELOPMENT OBLIGATIONS

Minimum development obligations is development of at least 800,000 sq. ft. of commercial / officespace for IT and ITES activities. In addition, the Project should have Business Centre, MeetingRooms/ Conference Rooms along with minimum Car Parking as per the development controlregulations mentioned in GO 168 of the Government of Andhra Pradesh. Minimum technicalspecifications of the buildings are given under Section 3.4 below.

3.2 AUXILIARY ACTIVITIES

Auxiliary activities envisaged in the Project include Support Retail, Food & Beverages Facilities,Business Hotel/ Serviced Apartments and Open Air Theatre/ Amphitheatre along with minimumCar Parking as per the development control regulations mentioned in GO 168 of the Governmentof Andhra Pradesh.

3.3 PROHIBITED ACTIVITIES

Prohibited activities means use of any built up space for the purposes directly or indirectly, asResidential, Hospital, Warehousing, Car Showrooms, Industrial Activities, Automobile-repair/services/ vehicular servicing shops, LPG Godowns, Petrol Bunk, any trade or activity involving anykind of obnoxious, hazardous, inflammable, non-compatible and polluting substance or process.

3.4 TECHNICAL SPECIFICATIONS OF THE BUILDING

The table below outlines minimum technical specifications to be complied in the Project.

Sl. Item Technical Specification

1. Civil and OtherRelated Works

Structural Design: The structure shall be designed as cyclonicstorm resistant and earthquake resistant structures using relevantIndian standards specified by Bureau of Indian Standards (BIS)and/or National Buildings Construction Corporation (NBCC)

Structural Framing System: Framed Structure with RCC columns

and RCC / Flat Slabs with - structural spans to be suitablydetermined keeping in mind the land profile and the floor platesize. A structural span of minimum of 11.20 m c/c with floor-to-floorheight of 4.2 m shall be maintained in office floors and 3.4 m inparking floors.

Exterior and Building Envelope: The exterior building envelopeshould be high performance curtain wall system with vision panelsand spandrel. The north and south faces of the building to be cladin Aluminum composite panels mounted on a steel frame structure.On the interior face the ACP panels to be insulated and finished in15 mm thick gypsum panels.

Floor Loading (including both Live Load and Dead Load)

o Office space and usable areas should be designed withfloor loading of minimum of 650 kg/ sq. m.

o Provision for UPS & Server Room and Storage Areas


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should be done in pre-identified location, should bedesigned with floor loading of minimum of 750 kg/ sq. m.

o Car parking floors should be designed with floor loading of

minimum of 650 kg/ sq. m.

Office Floor Finishes: RCC slab with 75 mm of lightweight concreteshould be used. This does not include 25 mm screed for finalfinished floor.

Floor Finishes for Restrooms: Restrooms to be finished in 8 mmthick; 600 mm X 600 mm rectified vitrified tiles.

Floor Finishes for Food Court: Floors to be finished in 20mm thickabsolute black granite with brushed finish.

Entrance Lobby, Floor Lift Lobbies Floor and Walls: Combinationof Italian marble inlay/ granite / ceramic/vitrified tiles.

Staircases: Staircase to be provided as per relevant Indian

standards specified by BIS and/or NBCC and local fire norms. Allthe staircases to be finished with Kota stone / granite / orequivalent up to second floor. Fire doors shall be of proprietarymake and shall confirm to applicable local fire regulation code (twohour fire rated) or NBCC with panic bars only for doors from lobbyto staircases and refuge areas.

Elevators: Adequate numbers of passenger elevators of 20passenger capacity and adequate number of service elevators.

2. MechanicalSystems

Central chilled water system with high efficiency centrifugal waterchillers of adequate COP at 0.576 KW/TR supplying chilled waterto air handling units to maintain office space at 23 (+ or -1) degrees

C, relative humidity not exceeding 60% for office areas. The wholesystem is to be installed and monitored by the BuildingManagement System. It should meet ASHRAE 2.4 standards withenergy saving features.

In order to meet 24 hour air conditioning requirements for serverrooms, condensed water lines with tapping arrangements are to beprovided at every floor that can maintain temperatures for 18-19degree C.

Adequate number of air handling units to be provided to carry airconditioning load for the floor.

Primary pumping with variable speed drives are to be providedwith pump efficiency at 80%.

Treated fresh air with heat recovery wheel at 75% efficiency to beprovided.

Car park levels to be mechanically ventilated for normal andemergency use. This system is to be monitored through CO andCO2sensors.

Internal staircases, elevator lobbies and elevator shafts to bepressurized to ensure a safe escape route in case of anemergency.

3. ElectricalSystems

Power supply to be is via 2 Nos. of 33 kV supply lines fromAPTRANSCOs main 220 kV substation.

Power supply should be stepped down to 415 volts (+-6%) by

means of distribution transformers located in each building. Thefrequency is to be maintained at 50Hz +-5%.

Suitable capacity transformers to be installed.


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Electrical service at typical floors should be: 1.5 watts per squarefoot plug load and watts per square foot lighting load.

Energy Efficient T5 lamps with electronic ballast to be provided to

achieve illumination levels of 300 lux for service areas, 200 lux forcorridors and 100 lux for staircases and parking areas.

Emergency lighting is to be provided in all areas, escape routes,staircases, and podium parking levels to ensure a minimumlighting level for safety during emergencies.

100% Power backup is to be provided with DG sets of a requiredcapacity and numbers, to ensure a reliable power network for theentire complex. Maintain N+1 redundancy over the duration ofoperation.

4. BuildingMonitoring

System

Building services to be monitored 24/7 through the BMS. The BMSshould control and manage the air conditioning system for efficient

energy use, fine tuning the control system to meet setenvironmental conditions.

The BMS should also monitor fire protection system, water levelstatus with continuous status reporting for immediate correctiveaction whenever required.

CCTV cameras to be provided at the common areas such as entry,exit, Parking IN, parking OUT along with coverage of all serviceareas such as chiller plant room, D.G. yard, etc. and monitoring tobe done from the BMS Room.

5. Water SupplySystem

Primary water supply source should be the municipal water orprivate water sources. Bore wells are not permitted on the Project

Site. Emergency supply can be provided through water tankers. Water supply tap off should be available at every office level.

6. SanitarySystem

Treated effluent water from the sewage treatment plant to be usedfor the cooling tower and to irrigate the garden and landscape areaas and when desirable.

Sanitary, Plumbing, Drainage and Sanitation facilities are to beprovided as per relevant Indian standards specified by BIS and/orNBCC and local fire norms.

7. Effluent System A Sewage treatment plant (STP) of required capacity for Phase I tobe installed to meet pollution control norms -- which is the mixedbed reactor.

8. Fire Safety andFightingSystem

Fire Safety Standards shall be as per relevant Indian standardsspecified by BIS and/or NBCC and local fire norms.

Single layer of automatic sprinkler system with dedicated waterstorage tanks to be installed as per fire regulations.

Fire hose reels and portable fire extinguishers to be installedthrough the parking levels and office levels in common areas forfirst line firefighting purposes.

A fully addressable automatic/manual fire alarm system to beprovided which is continuously monitored at the fire Commandcenter.

A Fire Command center off the man lobby, fireman talk back

system, wet rising mains and yard hydrants to be provided as anintegral part of the fire-fighting and control system.

All electrical risers, plant/electrical rooms and Air Handling units


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are to be provided with smoke detectors.

All doors installed are to be fire rated as per norms. Pipes crossingwalls and slabs to be sealed with fire retardant sealants. Ducts

crossing walls and floors are to be provided with combined.

Sprinkler Bulb trigger temperature to be maintained at 68 degreecentigrade

9. CommunicationSystems

RCC Hume pipes in different directions for routing a minimumnumber of Telecom/Data cables (from Service Providers) frommain road to proposed building.

Separate vertical shafts with cut-outs to be provided in RCC slabsat all levels for routing cables. Intercom facility from the entrancelobby to BMS room of the building to be provided.

10. Adherence toSustainabilityAspects

The building is to be designed to save almost 30% in energyconsumption and ensure higher comfort levels for office workers overthe average office building. Key elements of energy efficient designare:

Building is to be designed so that 95% of the floor plate receivesnatural daylight.

Curtain wall (if installed) should have insulated spandrel panelsand high performance glass with low E values to ensure minimumheat transmission through building envelope.

High COP centrifugal chillers to be installed.

Treated fresh air and heat recovery wheel to be installed

Wastewater is to be treated to tertiary standards and reused forchillers and irrigation.

Water efficient low flow fixtures to be used.

Rain water harvesting bore-wells to be provided replenish thelocal water table.

3.5 PROJECT COST ESTIMATE

The Project Cost is estimated at Rs. 291.17 Crores. The table below provides indicative thebreak-up of the estimated Project Cost:

Sl. Particulars Estimated Project

Cost (Rs. Crores)

1. Commercial / Office for IT-ITES Use 229.42

2. Support Retail and F&B 25.17

3. Conference / Meeting Rooms 5.82

4. Business Center 5.81

Total Development Cost 266.22

Add: Interest during Construction 24.96

Total Estimated Project Cost * 291.17

* Above Project Cost Estimate does not include the cost to be incurred for providing external & internal trunkinfrastructure including site development activities, which shall be undertaken by APIIC. The assessment of actualcosts, however, will have to be made by the Bidders.


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DISCLAIMER

The information contained in this Request for Proposal document or subsequently provided to Bidder(s), whether verbally or indocumentary or any other form by or on behalf of the Andhra Pradesh Industrial Infrastructure Corporation Limited or any of theiremployees or advisors, is provided to Bidder(s) on the terms and conditions set out in this Request for Proposal document andsuch other terms and conditions subject to which such information is provided.

This Request for Proposal is not an agreement and is neither an offer nor invitation by the Andhra Pradesh Industrial InfrastructureCorporation Limited to the prospective Bidders or any other person. The purpose of this Request for Proposal document is toprovide interested parties with information that may be useful to them in preparing their bids (Bids)including all the necessarysubmissions and the financial offers pursuant to this Request for Proposal document. This Request for Proposal documentincludes statements, which reflect various assumptions and assessments arrived at by the Andhra Pradesh IndustrialInfrastructure Corporation Limited in relation to the Development of Signature Tower at Madhurawada, Visakhapatnam, AndhraPradesh, India (Project). Such assumptions, assessments and statements do not purport to contain all the information that e achBidder may require. This Request for Proposal document may not be appropriate for all persons, and it is not possible for theAndhra Pradesh Industrial Infrastructure Corporation Limited, its employees or advisors to consider the investment objectives,financial situation and particular needs of each party who reads or uses this Request for Proposal document. The assumptions,assessments, statements and information contained in this Request for Proposal document may not be complete, accurate,adequate or correct. Each Bidder should, therefore, conduct its own investigations and analysis and should check the accuracy,adequacy, correctness, reliability and completeness of the assumptions, assessments, statements and information contained inthis Request for Proposal document and obtain independent advice from appropriate sources.

Information provided in this Request for Proposal document to the Bidder(s) is on a wide range of matters, some of which dependsupon interpretation of law. The information given is not an exhaustive account of statutory requirements and should not beregarded as a complete or authoritative statement of law. The Andhra Pradesh Industrial Infrastructure Corporation Limitedaccepts no responsibility for the accuracy or otherwise for any interpretation or opinion on law expressed herein.

The Andhra Pradesh Industrial Infrastructure Corporation Limited, its employees and advisors make no representation or warrantyand shall have no liability to any person, including any Bidder under any law, statute, rules or regulations or tort, principles ofrestitution or unjust enrichment or otherwise for any loss, damages, cost or expense which may arise from or be incurred orsuffered on account of anything contained in this Request for Proposal document or otherwise, including the accuracy, adequacy,correctness, completeness or reliability of the Request for Proposal document and any assessment, assumption, statement orinformation contained therein or deemed to form part of this Request for Proposal document or arising in any way during theBidding Process.

The Andhra Pradesh Industrial Infrastructure Corporation Limited does not accept any liability of any nature whether resulting fromnegligence or otherwise howsoever caused arising from reliance of any Bidder upon the statements contained in this Request forProposal document.

The Andhra Pradesh Industrial Infrastructure Corporation Limited may in its absolute discretion, but without being under anyobligation to do so, update, amend or supplement the information, assessment or assumptions contained in this Request forProposal document. While efforts will be made to issue public notice of such amendment/supplement, bidders are advised tofollow the Andhra Pradesh Industrial Infrastructure Corporation Limiteds website (http://www.apiic.in/)on a regular basis.

The issue of this Request for Proposal document does not imply that the Andhra Pradesh Industrial Infrastructure CorporationLimited is bound to select a Bidder or to appoint the Selected Bidder or Concessionaire, as the case may be, for the Project andthe Andhra Pradesh Industrial Infrastructure Corporation Limited reserves the right to reject all or any of the Bidders or Bidswithout assigning any reason whatsoever.

The Bidder shall bear all its costs associated with or relating to the preparation and submission of its Bid including but not limited

to preparation, copying, postage, delivery fees, expenses associated with any demonstrations or presentations which may berequired by the Andhra Pradesh Industrial Infrastructure Corporation Limited or any other costs incurred in connection with orrelating to its Bid. All such costs and expenses will remain with the Bidder and the Andhra Pradesh Industrial InfrastructureCorporation Limited shall not be liable in any manner whatsoever for the same or for any other costs or other expenses incurredby a Bidder in preparation or submission of the Bid, regardless of the conduct or outcome of the Bidding Process.
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Andhra Pradesh Industrial Infrastructure Corporation LimitedParisrama Bhavanam, 6thFloor, 5-9-58/B, Fateh Maidan Road,

BasheerBagh, Hyderabad - 500004.Ph: +91 40 2323 7622 Fax: +91 40 2323 3251