The Orissa State Housing Board has called for bids from developers to participate in developing housing projects in PPP mode. It has identified locations in 4.65 acres in Ranasinghpur Village and about 18 acres at Patrapada and Ranasinghpur to develop integrated residential township with 85 per cent devoted to residential space and 15 per cent to commercial space.

In the residential area, 20 per cent is to be earmarked for the economically weaker and low-income categories. It has floated separate bids for the two projects. The developer will handle the planning, designing, financing, construction, marketing, operation and maintenance.

The reserve price for the 4.65 acre property is set at Rs 39.11 crore and Rs 153 crore for the larger property. The Request for Proposal documents can be obtained from the office of the Orissa State Housing Board from November 16. To qualify for the project applicants must have developed not less than 1.4 million sq.ft of residential space and 0.5 million sq.ft of commercial space in the last five years. They must also have a tangible net worth of not less than Rs 100 crore in the last financial year. The last date for submitting the RFP bid document is Januarv 5. 2010.

Source: The Hindu Business Line

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