MINISTRY OF RAILWAYS RAIL LAND DEVELOPMENT...

Development of MFC at Vasai Road Railway Station

Rail Land Development Authority

Project Information Memorandum (PIM)

MINISTRY OF RAILWAYS

RAIL LAND DEVELOPMENT AUTHORITY (RLDA)

Model

Request for Qualification

For

PPP Projects

PROJECT INFORMATION

MEMORANDUM

FOR

MULTIFUNCTIONAL COMPLEX

AT

Vasai Road


Near Safdarjung Railway Station, Moti Bagh-1

New Delhi – 110021




DISCLAIMER This Project Information Memorandum (the “PIM”) is issued by Rail Land Development Authority (RLDA)

in pursuant to the Request for Proposal vide to provide interested parties hereof a brief overview of plot of

land (the “Site”) and related information about the prospects for development of multifunctional complex

at the Site on long term lease.

The PIM is being distributed for information purposes only and on condition that it is used for no purpose

other than participation in the tender process. The PIM is not a prospectus or offer or invitation to the

public in relation to the Site.

The PIM does not constitute a recommendation by RLDA or any other person to form a basis for

investment. While considering the Site, each bidder should make its own independent assessment and

seek its own professional, financial and legal advice. Bidders should conduct their own investigation and

analysis of the Site, the information contained in the PIM and any other information provided to, or

obtained by the Bidders or any of them or any of their respective advisers.

While the information in the PIM has been prepared in good faith, it is not and does not purport to be

comprehensive or to have been independently verified and neither RLDA nor any of its officers,

employees, advisers or consultants accept any liability or responsibility for the accuracy, reasonableness

or completeness of, or for any errors, omissions or misstatements, negligent or otherwise, relating to, or

makes any representation or warranty, express or implied, with respect to, the information contained in

the PIM or on which the PIM is based or with respect to any written or oral information made or to be

made available to any of the Bidder or its professional advisers and, so far as permitted by law and

except in the case of fraudulent misrepresentation by the party concerned, any liability therefore is hereby

expressly disclaimed.

The information contained in the PIM is selective and is subject to updating, expansion, revision and

amendment. It does not, and does not purport to, contain all the information that a Bidder may require.

Neither RLDA nor any of its advisers undertakes to provide any Bidder with access to any additional

information or to update the information in the PIM or to correct any inaccuracies therein, which may

become apparent. Each Bidder must conduct its own analysis of the information contained in the PIM and

is advised to carry out its own investigation into the prospects of developing the Site, the legislative and

regulatory regime which applies to commercial development in India, and all matters pertinent to the Site

and to seek its own professional advice on the legal, financial, regulatory and taxation consequences of

entering into any agreement or arrangement relating to the proposed Site.

The PIM is for use only by the Bidders. The PIM may not be copied, or distributed by any Bidder to third

parties (other than in confidence to that Bidder’s professional advisers) or prospective consortium

members. Under no circumstances should Bidders make contact with officers or employees of MOR

unless invited by the MOR or in accordance with the PIM.




TABLE OF CONTENTS

S.NO PARTICULARS

Vasai Road

1.1 Mumbai City Profile 4

1.2 Executive Summary 5

1.3 Location On City Map and Connectivity 6

1.4 Demography 8

1.5 Rail Passenger Traffic 8

1.6 Site Location and Attributes 10

1.7 Site Layout Plan 13

1.8 Site Photographs 14

1.9 Plot Details and Area Assessment 20

1.10 Retail/Real Estate Market 20

1.11 Suggested Product Mix 21




Please refer to General PIM-Knight Frank for the Tender Process chart, Project

Potential, Guidelines on EOI and Clustering and Group Bidding on the RLDA

website.

CITY PROFILE

1.1 INTRODUCTION

Vasai- Virar is a city in Maharashtra state in western India. It is located in Thane District, 50 km north of Mumbai. The city is located on the north bank of Vasai Creek, part of the estuary of the Ulhas River. The newly formed Vasai Virar Municipal Corporation (VVMC) is the civic body that governs the city. Vasai-Virar is an agglomeration of several formerly separate towns, which includes Vasai, Virar, Navghar-Manikpur and Nala Sopara. The area covered by the city roughly corresponds to the ancient city of Sopara.

Sopara was known as Shurparaka in ancient time. Sopara was a big trading centre and the harbour was in today's Gass village. It was known as Ophir and traded goods; especially teak wood which was also used in the Church of the Nativity in Bethlehem. Vasai Road is one of the four stations in Vasai-Virar. Naigaon, Nala Sopara, and Virar are the others. These stations are part of the Mumbai suburban railway's Western Railway line.

Vasai Fort Ruins Vasai Church

http://en.wikipedia.org/wiki/Maharashtra

http://en.wikipedia.org/wiki/India

http://en.wikipedia.org/wiki/Thane_District

http://en.wikipedia.org/wiki/Mumbai

http://en.wikipedia.org/wiki/Vasai_Creek

http://en.wikipedia.org/wiki/Estuary

http://en.wikipedia.org/wiki/Ulhas_River

http://en.wikipedia.org/wiki/Vasai

http://en.wikipedia.org/wiki/Virar

http://en.wikipedia.org/wiki/Navghar-Manikpur

http://en.wikipedia.org/wiki/Navghar-Manikpur

http://en.wikipedia.org/wiki/Nala_Sopara

http://en.wikipedia.org/wiki/Sopara

http://en.wikipedia.org/wiki/Shurparaka

http://en.wikipedia.org/wiki/Gass_(Maharashtra)

http://en.wikipedia.org/wiki/Ophir

http://en.wikipedia.org/wiki/Naigaon



http://en.wikipedia.org/wiki/Mumbai_suburban_railway



http://en.wikipedia.org/wiki/Western_Railway_(India)




Vasai Bridge Ambadi Road, Vasai

1.2 EXECUTIVE SUMMARY

Location - The Site is located next to Vasai Road Railway station. Land Area proposed - 1458 sqm. Built up Area 1800 sqm.(Proposed) Existing development at site: A tool room and a substation are present on the site.To be dismantled by developer and release material other than

debris to be deposited with the railway. Surroundings - North: Booking Office

South: Residential Area, MSEB structure East: Road, Shopping Mall (Sohan Commercial Plaza) West: Railway track

Accessibility - A proper approach road to the site is available.




1.3 LOCATION AND CONNECTIVITY

Vasai is about fifty kms from Mumbai and is well connected to the city through a good network of roads

and the railways.

1: Location of Vasai Road in Maharashtra

Source: Maps of India

Vasai




Mumbai Railway Network

Roadways

Vasai due to its proximity to has access to three national highways, NH3, NH4 and NH8. The first ever Expressway built in India was the Mumbai–Pune expressway. Presently the Mumbai-Vadodara Expressway, Western Freeway and Eastern Freeway are under construction. The Bandra-Worli Sea Link Bridge, along with the Mahim causeway, links the island city to the western suburbs.

Railways

The Great Indian Peninsular Railway (GIP) (present-day Central Railway) and the Bombay, Baroda and Central India Railway (BB&CI) (present-day Western Railway) tracks were built through Vasai-Virar in 1860, and regular rail service started in 1869. The first electric locomotives of BB&CI started operating on two tracks between Borivali and Virar stations in 1936. The quadruple tracks between Borivali and Virar stations were inaugurated on July 7, 2007. The Four stations on the Mumbai Suburban Railway serve the city: Naigaon, Vasai Road, Nala Sopara and Virar. Mumbai's suburban rail systems carried a total of 6.3 million passengers every day in 2007, which is more than half of the Indian Railways daily carrying capacity. Trains are overcrowded during peak hours, with nine-car trains of rated capacity 1,700 passengers, actually carrying around 4,500 passengers at peak hours. The Mumbai rail network is spread at an expanse of 319 route kilometers. 191 rakes (ratin-sets) of 9 car and 12 car composition are utilized to run a total of 2226 train services.

Vasai Road

http://en.wikipedia.org/wiki/Great_Indian_Peninsular_Railway

http://en.wikipedia.org/wiki/Bombay,_Baroda_and_Central_India_Railway



http://en.wikipedia.org/wiki/Mumbai_Suburban_Railway

http://en.wikipedia.org/wiki/Naigaon

http://en.wikipedia.org/wiki/Vasai_Road






Mumbai is well connected to most parts of India by the Indian Railways. Long-distance trains originate from Chhatrapati Shivaji Terminus, Dadar Station, Vasai Road, Mumbai Central Station, Bandra Terminus, Andheri and Borivali.

Airways

The Chhatrapati Shivaji International Airport (formerly Sahar International Airport) is the main aviation hub in the city and the busiest airport in India in terms of passenger traffic. In 2007, it catered to over 25 million passengers. The proposed Navi Mumbai International Airport to be built in the Kopra-Panvel area has been sanctioned by the Indian Government and will help relieve the increasing traffic burden on the existing airport.

The Juhu Aerodrome was India's first airport, and now hosts a flying club and a heliport.

1.4 DEMOGRAPHY

As per the census of 2007, Vasai had a population of 49337. The city has an average literacy rate of 77%

Description Breakup

Population Total: 49337

Literacy Rate Average: 77%

Source: Wikipedia

1.5 RAIL PASSENGER TRAFFIC

Vasai Road falls on the Western Railway zone of the Indian Railways.

i) No. of Passenger Trains per day – 1100 local + 18 pair= 1136 nos.per day

ii) Average No. of passengers per day at station- 1,20,000(local) + 1650 (long distance)

iii) Average Passenger Ticket Earnings per day: Rs. 12.5 lakhs

http://en.wikipedia.org/wiki/Indian_Railways

http://en.wikipedia.org/wiki/Chhatrapati_Shivaji_Terminus

http://en.wikipedia.org/wiki/Dadar

http://en.wikipedia.org/wiki/Lokmanya_Tilak_Terminus

http://en.wikipedia.org/wiki/Mumbai_Central

http://en.wikipedia.org/wiki/Bandra

http://en.wikipedia.org/wiki/Bandra

http://en.wikipedia.org/wiki/Andheri

http://en.wikipedia.org/wiki/Chhatrapati_Shivaji_International_Airport

http://en.wikipedia.org/wiki/Navi_Mumbai_International_airport

http://en.wikipedia.org/wiki/Panvel

http://en.wikipedia.org/wiki/Juhu_Aerodrome




RAIL CONNECTIVITY MAP OF MAHARASHTRA




1.6 SITE LOCATION AND ATTRIBUTES

The Site is a 1458 sqm. plot next to the Vasai Road railway station. There are no encroachments on the site. It is adjacent to the booking office. The Foot over bridge landing is also adjacent to the site area. A tool room and a substation are present on the site which is to be dismantled by developer and release material other than debris to be deposited with the railway.

SITE LOCATION

Vasai Road Railway station and the surrounding areas




Closer view of the station and surrounding areas

MFC

site




Close up view of the MFC site

The proposed site is indicated in red.

Book

ing

Offic

e Railway tracks

& station

Residential

area

Road, Shopping

center




1.7 Site Layout Plan




1.8 SITE PHOTOGRAPHS

PHOTOGRAPHIC ILLUSTRATION OF THE SITE

Structure inside the site





Site Area

Foot over bridge adjacent to the site





Road outside the site




View of the site from the road

Another view of the site from the road




Commercial plaza near the site

Inside the station




Station Building

Entry to the station




Residential Building near the station

1.9 PLOT DETAILS AND AREA STATEMENT

The area of subject land plot is approximately 1,458 sq m, which is suitable for commercial (retail) and budget hotel development.

AREA STATEMENT FOR THE PROPOSED MFC

Area Statement

Site Area Utilized 1,458.00 in SQM

15,688.00 In sft.

Maximum Built up Area 19,375.00 In sft.

1.10 RETAIL/REAL ESTATE MARKET

The main economic activity in Vasai Virar used to be agriculture till the 80s. But due to its proximity to

Mumbai small and medium scale industries are rapidly growing. The city is also facing a rapid population

growth of 4% per annum.

Vasai has several hotels and resorts. The hotels have tariffs ranging from Rs.450. to Rs.2000.

Retail rentals in near Vasai Road station are approximately Rs.50 to Rs.70 per sqft per month.




Hotel Express Inn

1.11 SUGGESTED PRODUCT MIX

The MFC property is ideal for a retail set up as Vasai does not have a large organized retail footprint. Therefore, apparel outlets in addition to footwear, accessories and food and beverage stores would be well suited for this location. The products that are envisaged to be developed on the MFC sites as per the Indian Railways are:

HOTEL RETAIL RETAIL AMENITIES • Rooms (AC/ Non AC) • Dormitory • Community

Center/Restaurant/Banquet

• Retail Retail Shops/Dining

• Anchor/Food Court/Food Plaza Vanilla Shops

• Lounge Shops

• ATM • Clinic • Internet

Café/ISD/PCO • Variety Store • Pharmacy/Book Stalls • Bank Branch + ATM • Prepaid Taxi Car

Rentals • Cloak Rooms • Tourist Information

Boot

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