2000 sq yards for Sale In Shantiniketan, New Delhi
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2000 sq yards for Sale In Shantiniketan, New Delhi

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2000 sq yards for Sale In Shantiniketan, New Delhi 2000 sq yards for Sale In Shantiniketan, New Delhi Document Transcript

  • PRIME LAND - FOR SALE 2,046 square yards (18,417 sft) Shanti Niketan NEW DELHI Shanti Niketan Parks and tree lined boulevards LJ Hooker are pleased to offer the market this signifcant, very rare, and gilt edged opportunity. The owners hereby seek expressions of interest from suitable parties to make an outright purchase of this outstanding centrally located property. It is envisaged that the succesful entity could be an individual or a company that has the demonstrated capacity to close a transaction of this volume. The property is offered to the market by ‘Expression of Interest’ campaign with responses required from potential buyers no later than 7th April 2013. All enquiries should be directed in the first instance to : Mr DHRUV KHANNA  : +91 124 425 0091  : dkhanna.dlf4@ljh.in LJ Hooker - TOTAL REAL ESTATE SOLUTIONS PHONE : +91 124 425 0091 FAX : +91 124 425 0095 EMAIL : dkhanna.dlf4@ljh.in
  • DISCLAIMERThis document shall be referred to as the Information Memorandum (IM) for the Expression ofInterest (EOI) campaign of the registered property owners, and will comprise the onlyinformation package which is being made available by LJH to Bidders in accordance with thedetails contained herein.The landowners have appointed LJ Hooker (LJH) as its Consultant to advise on the process offinding a suitable buyer for this site. The purpose of this document is to provide Bidders withbasic and preliminary information to assist the formulation of their initial Bid and is issued uponthe express understanding that recipients will use it only for the purposes set out therein.This document has been prepared on the basis of available information and the Bidders shouldconduct their own due diligence, investigation and analysis. Further, it should not be assumedthat there shall be no change or deviation in the information provided. While LJH has taken duecare to try and ensure the accuracy of the information contained in this IM, it has not conducteddue diligence and does not confirm the accuracy, adequacy, sufficiency or otherwise of anyinformation contained in this IM.This IM does not, and does not purport to, contain all the information and data each Bidderand/or its advisors may desire or require in reaching decisions concerning their Bids. EachBidder should conduct his own investigations and analysis and should check the accuracy,reliability and completeness of the information in this IM. Bidders should form their own viewsas to whether information provided herein or separately is relevant to any decisions that theymake and should make their own independent investigations in relation to any additionalinformation that they may require.The information contained in this IM or any other information which may be provided toBidders is subject to change without notice. Further, it should not be assumed that there shallbe no deviation or change in any information provided. LJH may, in its absolute discretion, butwithout being under any obligation to do so, update, amend or supplement the informationcontained herein including the envisaged transaction process mentioned.While this IM has been prepared in good faith, neither the landowners, nor its employees or itsConsultant (LJH) make any representation or warranty, express or implied, or accept anyresponsibility or liability, whatsoever, in respect of any statements or omissions herein, or theaccuracy, completeness or reliability of information, and shall incur no liability, under any law,statute, rules or regulations as to the accuracy, reliability or completeness of this IM, even if anyloss or damage is caused by any act or omission on the part of the landowners or its employeesor its Consultant , whether negligent or otherwise.This IM has not been filed, registered or approved by any regulatory or judicial authority.Recipients of this document, resident in jurisdictions outside India as well as those residents inIndia should inform themselves of and observe any applicable legal requirements and thelandowners, its representatives and its Consultant will not be responsible for compliance withthe same. LJ Hooker - TOTAL REAL ESTATE SOLUTIONSPHONE : +91 124 425 0091 FAX : +91 124 425 0095 EMAIL : dkhanna.dlf4@ljh.in
  • SHANTI NIKETAN The most sought after address in New Delhi Shanti Niketan is an exclusive housing colony in the very heart of New Delhi. It is close to the West End Colony, RK Puram, Chanakyapuri and Vasant vihar, and was originally developed by the Government of India in the 1960s as a housing colony for government officials. The area has the most highly prized real estate in the capital, and opportunities to acquire large parcels such as this are rare indeed. The subject property has been held by the current family owners for decades and a previous residence was used to house a foreign embassy. With time, houses in the colony have been sold in the open market and most of the current residents are India’s leading industrialists and business leaders. This is a truly unique, and possibly once in a lifetime opportunity to acquire such a prestigious and desirable trophy property. LJ Hooker - TOTAL REAL ESTATE SOLUTIONSPHONE : +91 124 425 0091 FAX : +91 124 425 0095 EMAIL : dkhanna.dlf4@ljh.in
  • SURVEY PLAN LJ Hooker - TOTAL REAL ESTATE SOLUTIONSPHONE : +91 124 425 0091 FAX : +91 124 425 0095 EMAIL : dkhanna.dlf4@ljh.in
  • THE OPPORTUNITYThe opportunity is to purchase a 2,000 (plus) square yard parcel of land in one of themost beautiful and exclusive areas of New Delhi, and indeed India. The site is perfectlypositioned and suits a range of development options.Some of the salient features include;  One of the most sought after locales in New Delhi, on the main 80 ft wide Shanti Niketan-West End road.  Only 300 meters from Rao Tula Ram Marg, and well connected to the Outer Ring Road and NH-8  3-side open plot with a large park at the back of the plot  A beautiful tree line boulevard  Home to very high profile executives and industrialists, with some of Delhi’s most expensive homes being in the immediate area  Many development options are available with 24,000 sft of built area available (including basement etc this could be as high as 29,460 sft) , which is likely to further increase shortly with the possible allowance of an extra floor.THE ADDRESS32 Road No 6, Shanti Niketan, New Delhi – 110 021The subject property has the highly considered West End bungalows in the front, and awell maintained park at the rear of the site.THE CURRENT STATUSThe property has been owned by a single family for the past three decades who wereinitial allotees from the Delhi Development Authority.The family wish to exit the property in a clean and businesslike manner.There are no legal issues or charges against the said property.THE LEGAL DOCUMENTS FOR THE SITEThe land is owned by our clients who wish to dispose of the property.All necessary documents would be provided to the successful bidder for a satisfactorydue diligence to be completed.As per the above neither the Owner(s), nor Agent are aware of any legal impediment tothe sale and purchase of the land.HOW DO I MOVE FORWARD TO ACQUIRE THE SITE ?All you need do is submit the completed Response Document (attached at rear of thismemorandum) and lodge it with your refundable lodgement cheque at the offices of LJHooker at F-1/18, GF, DLF Phase I, Near Arjun Marg, Golf Course Road, Gurgaon 122002 (Haryana) INDIA.You should ensure that the terms and offer you submit are your best offer as you willpossibly not get a chance to renegotiate or resubmit your bid. LJ Hooker - TOTAL REAL ESTATE SOLUTIONSPHONE : +91 124 425 0091 FAX : +91 124 425 0095 EMAIL : dkhanna.dlf4@ljh.in
  • SOME POSSIBLE DEVELOPMENT OPTIONS:Option 1 – You could construct your new dream home on this prime site in an areathat defines luxury living in the elegant old Delhi style.The site enjoys a wide frontage, beautiful aspect and a deep regular boundary.Adjoining sites are of the same generous proportions ensuring the quality ofsurrounding property.Option 2 – Construct high end residential apartments. As per the zoning rulesapplicable to the site, the development would need to conform to;  Land use residential  FAR of 120  Total possible built area of some 24,000 sft (+ basement etc) under current regulations and plan with a high chance of further FSI soon. PHOTOGRAPHS OF THE SITE LJ Hooker - TOTAL REAL ESTATE SOLUTIONSPHONE : +91 124 425 0091 FAX : +91 124 425 0095 EMAIL : dkhanna.dlf4@ljh.in
  • SPECIFIC LOCATION MAPSHANTI NIKETAN –Shanti Niketan is one of Delhi’s most sought after and exclusive localities with anaristocratic lifestyle - very popular with industrialists and CEOs.It is very well connected by road, the main access points being from the Outer RingRoad leading up to Rao Tula Ram Marg on one end and Moti Bagh on Inner Ring Roadon the other end. It is only 2.5 kms from the NH-8, and 6 kms from the airport. Thesurrounding areas are equally premium addresses including West End, Anand Niketan,Vasant Vihar and the diplomatic enclave Chanakyapuri and Shanti Path.Divided into 6 tree lined boulevards, Shanti Niketan has a luxurious canopy of treescovering both sides of the road and is known for its accessibility and beauty. Lane 1 islocated on the main Rao Tula Ram Marg. Going in from the main entrance to the area,Lane 6 is located just off the main road, offering three significant advantages,accessibility, greenery and calm. This lane also has the largest size plots in the locality,with the minimum size of 1,000 square yards.Many premium private schools and colleges including the American School, BritishSchool and Jesus & Mary College are located in close vicinity. Many five star hotelsincluding Hyatt Regency, ITC Maurya, Taj Palace, Ashok Hotel and The Grand are alsolocated near Shanti Niketan. The original Central Business District, Connaught Place,now equally popular for leisure and entertainment options, is only a few kms (aprox 10minutes travelling time) from the area.Some of the most popular and largest parks are in close proximity including the 80-acreNehru Park, Deer Park and National Rose Garden. Other popular attractions includethe National Rail Museum, and Santushti Shopping Complex. LJ Hooker - TOTAL REAL ESTATE SOLUTIONSPHONE : +91 124 425 0091 FAX : +91 124 425 0095 EMAIL : dkhanna.dlf4@ljh.in
  • GENERAL LOCATION OVERVIEWThe National Capital Territory of Delhi –With 1,484 km2, the NCT of Delhi forms part of the National Capital Region and is theseat of the Executive, Legislative and Judiciary branches of the Government of India.Delhi boasts the third highest in India after Chandigarh and Goa and it is the largestcommercial centre in India with a State Domestic Product of `630,000 Cr.The key industries in Delhi are information technology, telecommunications, hotels,banking, media and tourism. The manufacturing sector employs 1,440,000 workers andthe city had 129,000 industrial units. Construction, power, health and communityservices, and real estate are also important to the citys economy.As per the 2011 census, Delhi has a literacy rate of 86.3% and some 4707 schools.Delhi has to its credit some of the premier institutions like the Indian Institute ofTechnology, National Institute of Technology, All India Institute of Medical Sciences,Jamia Millia Islamia University, and the Indian Institute of Mass Communication. Thereare about 500,000 university students in NCT Delhi attending around more than 165universities and colleges.Delhi is well connected by Air, Road, Metro and Rail networks. The Indira GandhiInternational (IGI) Airport handles over 60 million passengers annually. The newterminal 3 at IGI is the 8th largest passenger Terminal in the world. The newlyconstructed Delhi Metro connects 142 stations across the city and is spread over 189kms. This model is now being adopted by various states across the country. The DelhiMetro Rail Corporation has been certified by the United Nations as the first metro railand rail-based system in the world to get “carbon credits for reducing greenhouse gasemissions”. Five National Highways, NH 1, 2, 8, 10 and 24, connect the city to otherparts of India. LJ Hooker - TOTAL REAL ESTATE SOLUTIONSPHONE : +91 124 425 0091 FAX : +91 124 425 0095 EMAIL : dkhanna.dlf4@ljh.in
  • RESPONSE DOCUMENTThe response document is as follows hereunder ;Details required from interested parties include; 1. Bidder details including contact details. 2. Bidders financial standing 3. Price and terms being offered 4. Details of any outstanding issues in regards the bidders Due DiligenceThe response document must be lodged with a cheque/Demand Draft for the refundablelodgment money * (Rs. 5 lac) no later than 7th April 2013 at 5pm at the Gurgaon Office of LJHooker.Once the EOI closes the land owner will review the submissions and short list those that theywish to pursue negotiations with. All parties will be informed of the status of their submissionwithin 14 days of the close of the EOI. Expressions of Interest Close 7th April 2013 at 5pm Lodge your Response Document (and cheque for Rs.5,00,000 made Payable to ‘Comet Ventures’) in sealed cover marked “SHANTI NIKETAN 6TH BLOCK SITE LJ Hooker F-1/18, Ground Floor, DLF Phase I, Golf Course Road, Gurgaon* The 5 lac cheque for the bidders Lodgment Money will be refunded within 7 days of withdrawal of abidders Response Document or 7 days after the Landowner declines the bidders EOI, whichever occursfirst. For the successful bidder the Rs.5 lac will become part of the final consideration between theparties.Note : The owner may accept any offer regardless of terms, and they may choose to accept anoffer prior to the close of the Expression of Interest campaign, in the alternate they may chooseto withdraw the property from the market. Nothing in this document binds the owner to anycourse of action or to accept offers from, or negotiate with any party. LJ Hooker - TOTAL REAL ESTATE SOLUTIONSPHONE : +91 124 425 0091 FAX : +91 124 425 0095 EMAIL : dkhanna.dlf4@ljh.in
  • RESPONSEDOCUMENTSl No 1. Site Address 6/32, Shanti Niketan, New Delhi – 110 019 2. Site Size (aprox) 2,046.33 square yard (18,417 sft) 3. Owners Agent LJ Hooker 4. Buyer Name 5. Buyer Address for notices Buyers Contact cell 6. number & email ID Buyer Legal 7. Representative 8. Buyers Agent (If Any) Price Offered Rs. __________________ lump sum. 9. Not including registration costs or charges Are there verbal communications to be considered YES / NO 10. Deposit amount Rs. 5,00,000 (Rupees Five Lacs Only) on lodgment of bid Cheque no ________________________ 11. Cheque Details drawn on _________________________ 12. Proposed Closure date Other Conditions 13. Required by buyer (use separate sheet if required) Terms and Conditions of the EOI Campaign and Reciept of the Bidders Response Document.1. The landowner reserves the right to accept any offer of his choosing irrespective of price, terms or conditions.2. The landowner reserves his right to terminate the EOI process at anytime and to enter into negotiations and/or agreements with parties of his choosing at anytime.3. Submission of an offer/bid is in no way binding on the landowner and acceptance of any offer can only be conveyed through a formal MOU between the parties.4. Parties are required to submit their bids in the format provided in this document or in lieu of this, non compliant bids are to state clearly their full terms.5. At the time of a bid being lodged the bidder shall also lodge the fully refundable Participation Deposit of Rs.5 lac (Rupees Five Lac) with the Agent. This shall be by way of Demand Draft or cheque made out to ‘Comet Ventures’ (trading as LJ Hooker) – Account number 13452560000625 HDFC Bank Ltd, 54 Green Park Extension New Delhi Branch. No interest shall acrue or be owing to the bidder from lodgement of a Participation Deposit.6. At the close of bids (5pm on Friday the 7th April 2013) the Agent shall notify all bidders of reciept of their bid and all such bids shall be presented to the landowner for consideration.7. Within 7 days of the close of bids the Agent shall notify the bidders that have been shortlisted and shall commence negotiations between them and the landowner. At this time the Deposit of all non shortlisted biders shall be refunded to them.8. Within a further of 14 days from this date the Agent expects that a final bider will be nominated, and the bider and landowner shall enter into a sale and purchase agreement for the land. At this time the Participation Deposits of the loosing bidders will be refunded by the Agent.9. A bidder may at anytime withdraw their bid (in writing to the Agent). At such time the Agent shall refund their Participation Deposit within 3 working days. LJ Hooker - TOTAL REAL ESTATE SOLUTIONS PHONE : +91 124 425 0091 FAX : +91 124 425 0095 EMAIL : dkhanna.dlf4@ljh.in
  • LODGEMENT ACKNOWLEDGEMENTNOTES 1. Please attach all relevant supporting documents you would like considered including company history, financial statements, and buyer CV’s. 2. If you wish to make a non-complying bid please attach a separate document outlining in complete detail the bid/offer. 3. Any further documents or information the bidder feels may be necessary to evaluate their interest. 4. Potential buyers are advised to collect all the necessary information and make appropriate judgment with regards to the above mentioned property in order to assess its value. The contents of your Response to Bid Document should include hard copies of the bid forms duly filled & initialed and stamped on each page and signed on this page. The duly filled form is required to be submitted on or before 7th April 2013.Please list all documents attached as supporting documentation :o ________________________________________________________________o ________________________________________________________________o ________________________________________________________________o ________________________________________________________________o ________________________________________________________________Signed By : ____________________________ Position : ________________Signature : ____________________________ Date : ________________Accepted as a bid by ____________________________ as representative of the Agent :Signature : ____________________________ Date : ________________ LJ Hooker - TOTAL REAL ESTATE SOLUTIONSPHONE : +91 124 425 0091 FAX : +91 124 425 0095 EMAIL : dkhanna.dlf4@ljh.in
  • All enquiries should be directed in the first instance to : Mr DHRUV KHANNA  : +91 124 425 0091  : dkhanna.dlf4@ljh.in LJ Hooker - TOTAL REAL ESTATE SOLUTIONSPHONE : +91 124 425 0091 FAX : +91 124 425 0095 EMAIL : dkhanna.dlf4@ljh.in