scheme for allotment of group housing plots - Noida Authority Online

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C:\Documents and Settings\Administrator\Desktop\2009 scheme ads\GH-III\Draft brochure GH-2009-III.doc“relevant member”. The Lead Member of the consortium must necessarilybe Firm/Company registered in India with the appropriate statutoryAuthority.b) The lead member and the relevant members should jointly qualify theminimum requirement of net worth, solvency, turnover and experience.c) In case of a Consortium, the members shall submit a Memorandum ofAgreement (MOA) conveying their intent to jointly apply for the scheme(s),and in case the plot is allotted to them, the MOA shall clearly define the roleand responsibility of each member in the consortium, particularly withregard to arranging debt and equity for the project and its implementation.The MOA should state that all members shall be jointly and severallyresponsible for the successful implementation of the project. MOA should besubmitted in original duly registered/notarised with appropriate authority.d) The members shall submit a registered/notarised Memorandum ofAgreement (MOA) conveying their intent to jointly apply for the scheme,and in case the plot is allotted to them, to form a ‘Special PurposeCompany’, hereinafter called SPC, that will subsequently carryout all itsresponsibilities as the allottee. The registered MOA must specify the equityshareholding of each member of the Consortium in the proposed SPC. TheSPC must necessarily be a Company registered in India with the appropriatestatutory Authority.e) Execution of the lease deed will be made in favour of Special PurposeCompany (SPC), which should be a registered firm or an incorporatedcompany. The lead member of the consortium shall have to retain its sharesas per MOA, till completion of the project.9. Successful bidders can change the name of the executing company/bodycorporate within 60 days from the date of acceptance of tender after takingprior permission from the Authority, provided the promoters remain the same.Undertaking to this effect should be given to the Authority.10. However, the Applicant/SPC will be allowed to Transfer/Sell up to 49% of itsshareholding, subject to the conditions that the original “Relevant Members:including the “Lead Member” (on the date of submission of the tender) shallcontinue to hold at least 51% of the shareholding and the “Lead Member” shallremain unchanged till the Applicant/SPC obtains the “Completion Certificate”from NOIDA.D. ESSENTIAL QUALIFICATIONS:-D-1 TECHNICAL ELIGIBILITY CRITERIA:Details of minimum two completed projects related to real estate development andconstruction activities (excluding merely trading in real estate) like landdevelopment/housing/colonizing jobs of bonafide allotted land/commercial/IT/ITESprojects development executed along with approximate cost and date of3
C:\Documents and Settings\Administrator\Desktop\2009 scheme ads\GH-III\Draft brochure GH-2009-III.doccompletion during the last 5 years. The total sanctioned plans and completioncertificates should be a minimum 15.00 lac sq. ft. in aggregate of construction bythe Tenderer/Consortium Lead Member, its Relevant Members and theirsubsidiaries and holding company, as per Annexure 1(c).D-2 FINANCIAL ELIGIBILITY CRITERIA:Parameters(i) Minimum Net Worth as on 31.03.2009 duly certified bythe tenderer’s statutory auditors/ CharteredAccountant(ii) Minimum Solvency as per Certificate not more than 6months old, from a Nationalised/Scheduled Bank(iii) Minimum Total Turnover from real estate activities forthe last 3 accounting years duly audited by thetenderer’s statutory auditors/ Chartered Accountant i.e.2006-07,2007-08 and 2008-09, as per Annexure-I (b)of this brochure(iv) Registration money(v) Processing Fee (Non adjustable/non refundable)For Plot Areaabove 50000 sqmtrsRs. 75.00 croresRs. 10.00 croresRs. 200.00 croresRs. 10.00 croresRs. 5.00 LakhsNet Worth Calculation shall be done as below :(a) In case of a Company, Net-worth= Paid up share capital (excluding shareapplication money) plus Reserves and surplus (excluding revaluation reserve)less Preliminary and pre-operative expenditure; less miscellaneous expenditureto the extent not written off; less accumulated losses ;less intangible assets. NetWorth statement certified by the statutory auditors/ Chartered Accountant of theCompany should be submitted.(b)(c)In case of a Partnership firm, the contribution by each partner taken together inthe capital of the firm shall be considered as Net Worth of the Partnership Firmexcluding intangible assets, if any. Net Worth Statement certified by the statutoryauditors/ Chartered Accountant of the firm should be submitted.Individual Net Worth statement (relating to application made by proprietorshipfirm) certified by the tenderer’s statutory auditors/ Chartered Accountant alongwith certified true copies of income tax / wealth tax return with all its enclosuressubmitted to Income Tax Authority should be submitted.D-3 Please also attach(i)(ii)List of projects in hand at present and the status, of their implementation,cost incurred and expected time of completion of each project separately.Organization chart, list of staff, details of in-house architectural facilities, listof structural consultants/engineers used during the last three years.4
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