1. FOR SALE
31,308 Sft PLOT
AT BOREWELL ROAD,WHITEFIELD
(LARGE PLOT FOR SALE AT BOREWELL ROAD, WHITEFIELD, BANGALORE)
LJ Hooker are pleased to offer this
significant opportunity to the market on
behalf of the property owners.
The owners hereby seek expressions of
interest from suitable parties to make an
outright purchase of this prime property.
It is envisaged that the succesful entity
could be an individual or a company that
has demonstrated capacity to close the
transaction.
All enquiries should be directed in the first instance to :
Deepak Kumar B. M. Poonacha
Manager- Special Projects Head – Land and Special Projects
Phone: +91 9663061144 Phone: +91 96118 10905
Email: dkumar.pm@ljh.in Email: bmpoonacha.pm@ljh.in
LJ Hooker - TOTAL REAL ESTATE SOLUTIONS
PHONE : +91 80 2559 0005 FAX : +91 80 2557 6613 EMAIL : info@ljh.in
2. DISCLAIMER
This document shall be referred to as the Information Memorandum (IM) for the Expression
of Interest (EOI) campaign of the registered property owners, and will comprise the only
information package which is being made available by LJH to Bidders in accordance with the
details contained herein.
The landowners have appointed LJ Hooker (LJH) as its Consultant to advise on the process
of finding a suitable buyer for this site. The purpose of this document is to provide Bidders
with basic and preliminary information to assist the formulation of their initial Bid and is
issued upon the 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
should conduct their own due diligence, investigation and analysis. Further, it should not be
assumed that there shall be no change or deviation in the information provided. While LJH
has taken due care to try and ensure the accuracy of the information contained in this IM, it
has not conducted any due diligence and does not confirm the accuracy, adequacy,
sufficiency or otherwise of any information contained in this IM.
This IM does not, and does not purport to, contain all the information and data each Bidder
and/or its advisors may desire or require in reaching decisions concerning their Bids. Each
Bidder 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
views as to whether information provided herein or separately is relevant to any decisions
that they make and should make their own independent investigations in relation to any
additional information that they may require.
The information contained in this IM or any other information which may be provided to
Bidders is subject to change without notice. Further, it should not be assumed that there
shall be no deviation or change in any information provided. LJH may, in its absolute
discretion, but without being under any obligation to do so, update, amend or supplement
the information contained herein including the envisaged transaction process mentioned.
While this IM has been prepared in good faith, neither the landowners, nor its employees or
its Consultant (LJH) make any representation or warranty, express or implied, or accept any
responsibility or liability, whatsoever, in respect of any statements or omissions herein, or
the accuracy, 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 any loss or damage is caused by any act or omission on the part of the landowners or
its employees or 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
in India should inform themselves of and observe any applicable legal requirements and the
landowners, its representatives and its Consultant will not be responsible with the same for
compliance
LJ Hooker - TOTAL REAL ESTATE SOLUTIONS
PHONE : +91 80 2559 0005 FAX : +91 80 2557 6613 EMAIL : info@ljh.in
3. LARGE PLOT FOR SALE AT BOREWELL ROAD
WHITEFIELD, BANGALORE
THE OPPORTUNITY
We are pleased to bring to market this Prime 31,308 sft Residential Land parcel. The
property is located in the Borewell Road near Whitefield Post Office
Option 1:
This site is well suited for redevelopment with a potential built up area of 76,705 sft.
Apartments in this area could sell between Rs 4,000/Sft to 5,000/sft depending on the
product delivered. Developers could use this site to create a landmark project which would
add to their Brand Value
Land Area : 31,308 sft
Permissible FSI : 1.75 (54,789 sft)
Permissible TDR : 40%
Total Development potential: 76.705 sft
However, this location is better suited for low rise Row Houses. Additional benefit is that
there are 3 access roads which can be used for efficient planning.
Option 2:
Due to the current shape and two Survey Nos, it is possible to sell this as 2 separate
Residential plots of 20,000 sft and 10,000 sft (approximately) as well. Even after splitting
these would be one of the largest plots in the locality. This would be ideal for someone
looking at an independent house.
Option 3:
The owners are open to sell this property in smaller portions as well. It is proposed that if
multiple buyers are ready to buyout the property in sizes of say 5,000 sft each this property
can be partitioned and sold. (Subject to the total property being sold out.)
LJ Hooker - TOTAL REAL ESTATE SOLUTIONS
PHONE : +91 80 2559 0005 FAX : +91 80 2557 6613 EMAIL : info@ljh.in
4. SITE MAP
LOCATION MAP
LJ Hooker - TOTAL REAL ESTATE SOLUTIONS
PHONE : +91 80 2559 0005 FAX : +91 80 2557 6613 EMAIL : info@ljh.in
6. RESPONSE DOCUMENT
Sl No
Sy. No. 242/1A and 242/1A/1, Borewell Road,
1. Site Address Whitefield, Bangalore.
2. Site Size (aprox) 31,308 sft or __________ sft
3. Owners Agent L.J. Hooker, Bangalore
4. Buyer Name
5. Buyer Address for notices
6. Buyer Legal Representative
Buyers Agent
7. (If Any)
Rs. ______________/Sft or a
8. Price Offered
Rs. __________________ lump sum.
Rs. 1,00,000 (Rupees One Lac Only) payable at the
9. Refundable holding deposit amount time of bid
10. Cheque Details Cheque no ________________________
drawn on _________________________
11. Proposed Closure date
12. Other Conditions Required by buyer
LJ Hooker - TOTAL REAL ESTATE SOLUTIONS
PHONE : +91 80 2559 0005 FAX : +91 80 2557 6613 EMAIL : info@ljh.in
7. Terms and Conditions of the Expression of Interest 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 any time and to enter into negotiations and/or agreements with
parties of his choosing at any time.
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.1,00,000/- (Rupees One
Lac) with the Agent. This shall be by way of Demand Draft made out to ‘Redwoods Hospitality Pvt Ltd’- (trading as LJ Hooker) – Account
number 910020011591661, Axis Bank Ltd, Bangalore Branch. No interest shall accrue or be owing to the bidder from
lodgment of a Participation Deposit.
6. At the close of bids (5pm on Friday day the 29th March, 2013) the Agent shall notify all bidders of receipt 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 short listed and shall commence negotiations
between them and the landowner. At this time the Deposit of all non-shortlisted bidders shall be refunded to them.
8. Within a further of 14 days from this date the Agent expects that a final bidder will be nominated, and the bidder 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.
The response document must be lodged with a Cheque/Demand Draft for the
refundable earnest money * (Rs.1,00,000/-) no later than Friday 29th March, 2013 at
5pm at the LJ Hooker Office.
Once the EOI closes the sellers will review the submissions and short list those that
they wish to pursue negotiations with. All parties will be informed of the status of
their submission within 14 days of the close of the EOI.
Expressions of Interest Close
Friday 29th March, 2013 at 5pm
Lodge your Response Document (and Cheque made Payable to Redwoods
Hospitality Pvt Ltd.) in sealed cover marked “Borewell Road Plot” at
LJ Hooker – Land and Special Projects
201, Raheja Plaza, Commissariat Road, Bangalore – 560 025
* The Rs. 1 lac cheque for the bidders Earnest Money will be refunded within 7 days of withdrawal of a
bidders Response Document or 7 days after the Landowner declines the bidders EOI, whichever occurs first.
For the successful bidder the Rs.1 lac will become part of the final consideration between the parties.
LJ Hooker - TOTAL REAL ESTATE SOLUTIONS
PHONE : +91 80 2559 0005 FAX : +91 80 2557 6613 EMAIL : info@ljh.in
