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    Sale of Slum TDR in SPPL

Introduction

Out of 9 Slum Rehabilitation Schemes being developed by SPPL, about 306090.00 Sq.Mtr. (Land + Constn.) Slum TDR is expected from 4 main schemes in stages. So far SRA has released 204115.00 Sq.Mtr. TDR to SPPL in stages and the same is sold out by SPPL in open market by giving advertisement & calling tenders in phases, in accordance to the release of Development Right Certificate (DRC) by MCGM for the TDR released by SRA.

Procedure

 As soon as SRA releases TDR (Land & Constn.) and recommends the same to MCGM for issual of DRC; SPPL advertise Tender Notice in 6-7 Prime News papers and invite tenders/bids. Prescribed Tender documents are sold to the intended bidders by SPPL and 10 to 15 days tender time period is given to the intending buyers/ bidders to offer their bid. On receipt of sealed bids/ offers on the prescribed last day & time, the same are opened on the same day (as per the scheduled time, one hour after the receipt of sealed bids) in the presence of representatives of bidders & SPPL Officers.Price bid to be opened only when the bidder fulfills other conditions.

On opening of Price Bid, along with the comparative statement, the tenders are processed for the decision of the Committee, set up by the Board vide Resolution No.94 dtd. 10-02-2000 for deciding the strategy and rate at which sale of TDR can be effected.The committee consists of MD/SPPL, CEO/SRA and Jt. MD/SPPL.GM (Mktg.) is Secretary of the committee. Within the validity of tender period (30 days), the decision taken by the Committee is submitted to Chairman/SPPL i.e. Hon'ble Mnister Hsg. through Vice-Chairman/SPPL i.e. Hon'ble Mnister for State (Hsg.) for their concurrence. In accordance to the above approval, acceptance letter is given to the successful bidder and agreement is executed with them for the deed. Further transactions are to be made as per the agreement.

Conclusion

So far, out of the expected 3,06,090.00 Sq.Mtr. TDR, 204115.00 Sq.Mtr. TDR has been sold by SPPL in VI Phases to the various successful bidders. Statement showing the date of advertisement, quantity of TDR sold, accepted tendered rate, Amount received and authority to sanction the offer/ tender is enclosed herewith. 

N.B.: SPPL generates and sells Slum TDR only