1. INVESTMENT SOUGHT
FOR
INDUSTRIAL INFRASTRUCTURE
PROJECT
Off - NH 207
(Doddabalapur – Dobbaspet Road)
(40 acres of industrially converted land available for developement)
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 (EOI)
from suitable parties to enter into a joint venture for
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 :
B. M. Poonacha Deepak Kumar
Senior Manager – Land and Special Projects Sales Manager – Special Projects
+91 9611810905 +91 96630 61144
bmpoonacha.pm@ljh.in dkumar.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 joint venture partner or 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 for compliance
with the same.
LJ Hooker - TOTAL REAL ESTATE SOLUTIONS
PHONE : +91 80 2559 0005 FAX : +91 80 2557 6613 EMAIL : info@ljh.in
3. The Opportunity
The opportunity is to develop the proposed industrial estate in the Doddabalapur
Industrial Corridor, either in partnership with the landowner or by outright
purchase of the land.
Some of the salient property features include;
• The property is converted for industrial use (u/s 109 of the Karnataka Land
Reforms Act).
• Located just 8 kms from the Apparel Tech Park at Doddabalapur. Close to
Bangalore International Airport. 12km from the Satellite Town Ring Road.
• Close to the proposed 10,000 acre Information Technology Investment
Region (ITIR). Close proximity to NH 207 (Doddabalapur – Dobaspet –
Tumkur Road) and SH 209 (Doddabalapur – Gouribidnur – Hindpur Road).
• Good quality 40 feet access to the project has recently been completed by
the authorities.
• Interest expressed by various Associations like Karnataka Small Scale
Industries Association/Doddabalaur Industrial Estate Association/Peenya
Industrial Association, to name a few. Formal letter of intent is expected
soon.
• Recent developments in policy of the central and state government have
made investment in such projects very feasible. There is now a single window
clearance system being put in place as well as subsidies up Rs.10cr.
Note - The Company is the legal owner and is in absolute procession of 22 acres of
industrially converted land. In addition, the promoters of the company have signed
agreements in place to acquire an additional 18 acres (part in the same survey
numbers) of the surrounding land. However this land is not converted for industrial
use.
In case of a joint venture/investment, the promoter of the company could take
responsibility to convert this land and bring it under the direct ownership of the
company. Total project size (in phases) could be 40 acres. Further, surrounding land
can be acquired at sub – market value if the demand justifies it.
The total project could be expanded to some 60 acres, and through acquisition at
current market price up to a total of 100 acres. However, this current EOI would be
focused on the development of 22 to 40 acres only.
The incoming investor could evaluate the feasibility of any future expansion.
The Current Status
The property is owned by a (unlisted) public limited company for the past sixteen
years.
The company has had in the past disputes in relation to the land, all of which have
been settled through court order.
LJ Hooker - TOTAL REAL ESTATE SOLUTIONS
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4. The incoming Investor/Buyer would be provided complete details during the legal
scrutiny for full legal Due Diligence. A copy of a current legal opinion by leading
advocates M/s Kamal and Bhano has been annexed herewith.
The Legal Documents for the Site
The land is owned by our client who wishes to develop the property into an
industrial estate or any other project of commercial value, or if required to sell the
land outright.
All necessary documents would be provided to the incoming Investor/buyer for a
satisfactory due diligence to be completed.
As per the above neither the Owner, nor Agent are aware of any legal impediment
to the sale and purchase of the land.
How Do I Move Forward to invest in this project?
All you need do is submit the completed Response Document (attached at rear of
this memorandum) and lodge it with your refundable deposit cheque at the offices of
LJ Hooker.
You should ensure that the terms and offer you submit are your best offer as you
will possibly not get a chance to renegotiate or resubmit your bid.
You are free to submit offers which are non compliant in the criteria outlined.
Proposed Development:
Light Industrial Estate
There is a very high demand for industrial plots for small entrepreneurs.
After discussion with KSSIDC executives we are of the belief that the demand for
plots of 3000 sft, 5000sft and 8000sft is high.
Typical end user acquisition costs of this plot size would be Rs. 600/sft upwards.
Larger plots of 8000sft, 10000sft and 20,000sft are also in demand. However rates
would be Rs. 500/sft upwards. The focus of this proposed industrial estate would be
catering to a suitable mix of various sizes.
Development Costs:
The total project development cost is around Rs. 16,00,00,000/- (Rupees
Sixteen Crores). The incoming investor is required to be able to bring in this
amount for a suitable stake in the project. The land owner is open to bringing in
additional funds for development or expansion can be generated through land
mortgage if required (the land has no lien or charge on it).
*(Rs. 100/sft has been considered the cost of development. This would include roads, storm water drains,
compound walls, etc to bring the layout up to KIADB standards)
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
Industrial Land bearing Survey numbers 87, 88, 89, 90 & 205,
1. Site Address
206, 207 of Kollur and Honnagatta Villages, Doddabalapur Taluk.
22 acres industrially converted land + 18 acres agricultural land
2. Site Size (aprox)
under agreement.
3. Owners Agent L.J. Hooker, Bangalore
4. Investor/JV Partner
Investor/JV Partner’s
5.
Address for notices
Investor/JV Partner’s
6.
Legal Representative
Investor/JV Partner’s
7.
Agent (If Any)
Share purchase agreement
Rs. ______________________ for ________% stake in the
holding company.
8. Offer
(Note: the bidder is free to attach a separate sheet for details of his
offer)
or
(make a non – compliant offer/proposal with his complete terms)
Deposit amount &
9. Rs. 5,00,000 (Rupees Five Lacs Only)
when payable
Cheque no ________________________
10. Cheque Details
drawn on _________________________
Proposed Closure
11.
date
Other Conditions
12.
Required by buyer
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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 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
made out to ‘Ausdia Project Mktg P L - LJH Sales Account’ (trading as LJ Hooker) – Account
number 000205019839, ICICI Bank Ltd, Bangalore Branch. No interest shall acrue or be
owing to the bidder from lodgement of a Participation Deposit.
6. At the close of bids 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 80 2559 0005 FAX : +91 80 2557 6613 EMAIL : info@ljh.in
