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)
|
Present
Status:
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.
|