In order to utilize the unutilized and under-utilized properties to their optimum value the Vijayawada Municipal Corporation (V.M.C.) has proposed to develop the following projects on Public Private Partnership (P.P.P) mode and Build Operate Transfer (B.O.T) basis in the following sites.

Ist Phase:

Sl No.	Site	Site Area/ Approximate cost(Rs.)	Name of the Project	Mode
1.	Block "A" Brindavan Colony	1532 Sq. Yds./ 2.25 Crores	Construction of Modern residential apartment complex	Build & Share
2.	Block "B" Brindavan Colony (Revised EOI called)	1818 Sq. Yds./ 5.00 Crores	Construction of I.T. Park	Build & Share
3.	A.P.I.I.C. Colony, J.A.Nagar	3248.76 Sq. Yds./ 10.00 Crores	Development of Mega Shopping Mall etc.,	BOT

M/s. APITCO Ltd., Hyderabad which is one of the Empanelled Management Consultants for many Government Organizations was appointed for the above purpose.

The Expression of Interest (E.O.I) were published in leading national news papers.

Accordingly 55 firms participated in the bid process (Residential Complex - 20, I.T. Park - 14, and Multiplex - 21) and the bidders have submitted their presentations.

After duly verifying the presentations, VMC selected the final bidders as under.

Sl No.	Project Name	Offering of Bidder	Estimated Income (Rs.) to V.M.C.	Remarks
1.	Residential Complex, Brindavan Colony	48.88 Built up area. 12 modern apartments	4 to 4.50 crores	Project awarded to M/s Vishakha Infra Projects Private Ltd. and the same is under implementation
2.	Multiplex et., J.A.Nagar	Rs. 16,75,51,402/-	Rs.16,75,51,402/- and return the entire project after 33 years	Project proposal rejected by council (under consideration of the Government)

The Project "Residentail Complex at Block 'A' Brindavan Colony" was entrusted to M/s. Vishakha Infra Projects Private Ltd., at a final bid offer of 50% built up area consisting 15 modern apartments as VMC share. Estimated income from sale of 15 apartments is around Rs. 6.50 Cr. as VMC share.