EOI for I-261 NIC(M) 03-09-12doc.doc - RIICO

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EOI for I-261 NIC(M) 03-09-12doc.doc RIICO LTD NEEMRANA. TERMS & CONDITIONS OF SEALED APPLICATION FOR EOI FOR EDUCATIONAL INSTITUTE PLOT AT INDUSTRIAL AREA NIC(M) NEEMRANA Application to be received on 05/10/2012 1. Expression of Interest (EOI) is invited for setting up a Educational Institute from the interested Educational Institution having experience in the same field on reserve rate of Rs. 2000/- per sqm for Educational Institution plot no. I-261 (30611 sqm.) at industrial area NIC(M) Neemrana. 2. The applicant Institution has to submit details of experience in the similar field, financial capacity and Detailed Project Report (DPR) along with sealed offer. 3. The expression education institution shall be that institution which imparts primary/secondary education or degree/diploma as recognized by the State/Central Government or Agencies set up by the State Government for monitoring such educational institutions excluding Private Universities, and also those institutes/ centers to be established for skill development /vocational training / institutes imparting certificate courses. 4. The allotment rate shall be the rate of Value of land prevailing in the industrial area. Prevailing rate of Value of land is Rs. 2000/- per sqm. However, in case of enhancement in rate of Value of land up to finalization of decision of allotment by the competent committee, the rate of allotment in this case shall also be applicable accordingly as per revised rates. 5. The interested agency/consortium/educational institution should have sufficient experience to run similar institution in India or abroad. Those having collaboration/ franchise arrangement with the Institution of National / International repute would be given due weightage. 6. The minimum level of investment in the coming five years in the plot shall be decided by the committee constituted for deciding the land allotment in consultation with the applicant. 7. The implementing agency should take effective steps for commencement of construction activity within one year from the date of allotment and should start the institute in full swing within three years from the date of allotment, otherwise the allotment will be liable to be cancelled and amount equivalent to keenness money or keenness money deposited, as the case may be, would be forfeited. 8. The proposed Institute should have the approval of the State Government and be got affiliated with the all India council of technical education/medical council of India/UGC/State-Central Education Board/University as the case may be. 9. The fees pattern shall be as per guidelines of AICTE/ICMR/State Government/ Supreme Court Orders, State/Central Education Board.
10. The Governing Council/ Board of the Institute should have one Nominee of RIICO/ State Government. 11. The implementing agency/ consortium should have sufficient funds to implement the project. They shall furnish adequate evidence to this effect. 12. Following amount of keenness money for different educational institutes shall be deposited along with the application for land allotment. A) For Schools Rs. 5.00 lacs. B) For other educational Institute Rs. 10.00 lacs. 13. Refund / forfeiture of the keenness money will be done as per following procedure: EOI for I-261 NIC(M) 03-09-12doc.doc (a) In those cases in which the State Government does not issue the NOC to the applicant within six months from the date of allotment then RIICO will refund keenness money without any deductions. The applicant will have to seek NOC within six months from the land allotment date. However, the MD may consider time extension. (b) If the applicant abandons the project or surrenders the land then the amount equivalent to the keenness money will be forfeited. (c) Keenness money shall be refunded after commencement of institute functioning, without interest. (d) Refund of keenness money of unsuccessful applicant will be made through cheque after issue of offer to successful applicant with out interest. 14. A Committee of the following officers would approve the land allotment: a. CMD, RFC, Jaipur. b. Secretary, Energy, Govt. of Rajasthan. c. Managing Director, RIICO, Jaipur. 15. The application for land allotment shall be put up before the constituted Committee for approval. On approval, 25% Value of land (keenness money shall not be adjusted) shall be deposited within 30 days from the date of offer issued. After payment of 25% Value of land, allotment letter shall be issued without waiting for NOC/ Permission from the State Government with the following stipulation for payment of balance Value of land that: a) 75% amount shall be deposited within 60 days from the date of allotment letter issued. b) Rebate @ 2% for payment of Value of land without availing grace period or before allotment will be allowed as applicable to industrial plots. c) The allottee may opt to pay 75% Value of land in installments alongwith interest as permitted in case of allotment of industrial plots. 16. Time extension for making payment beyond prescribed period can be granted as per policy decided for industrial plots. 17. Rate of service charges: as per the rates applicable for industrial plots from time to time.
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EOI for I-261 NIC(M) 03-09-12doc.doc - RIICO

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