Almost twenty three leading real estate firms are looking the Thatipur project in Gwalior. Reliance, DLF, Parsvnath and Gammon are in the tussle to bid for the jumbo project, of which the bid submission will stop on May 7.
The MP government has not set a reserve cost for the project. The bidders have been asked to quote speculative cost.
The state government has roped in India Infrastructure Initiative Facility of IDFC and Feedback Ventures as project consultant for selecting the developer of the project.
After the bidding is over for the Central Business District project in the prime business locality of New Market in Bhopal, Thatipur will attract mega investment under the “re-densification scheme”.
Unlike the Bhopal project, which obtained three hundred thirty eight crore from Gammon India for infrastructure development on fifteen acres for a lease period of thirty years, the winning bidder will be awarded the Thatipur project on ninety five years’ lease and will be asked to develop residential and commercial complexes on fifty acres in an integrated manner.