Tender / Expression of Interest
Invitation for Expression of Interest
Expression of interest/Offer is invited from experienced and financially sound
developers/builders for preparing a Detailed Redevelopment Report (DRR) in terms of Rule 13(2)
of the Tamil Nadu Apartment Rules 2024 for 634 flats [18 types with total plinth area of
4,65,000 sq. ft (approximate)] located in an approximate area of 11.50 acres in South Park Road
(Padikuppam Road), Anna Nagar West, Chennai-40.
Part A – Detailed Redevelopment Report
- Carpet area, alternative accommodation or payment of rent, security deposit, vacant area, garden, parking, building specifications, common areas, recreation facilities and amenities, to be provided to the apartment owners.
- The approvals/permissions from all statutory bodies required to be obtained under the applicable laws.
- Time limit for completion of the redevelopment project.
- Such other matters as may be necessary for redevelopment.
Part B – Redevelopment Scheme
- Period of completing re-development
- Re-adjustment of undivided share of land
- Reallocation of apartments with proportionate undivided share
- Alternate accommodation or rent till handover
- Promoter’s rights to sell/transfer apartments
- Carpet area & undivided share details
- Procedure for allotment to existing/new owners
- Common amenities to be provided
- Bank guarantee, security deposit, caution deposit
- Consequences of default/breach
- Corpus fund
- Rate for extra area for existing owners
- Purchase price for area surrendered by owners
- Percentage sharing of carpet/saleable area
Part C – Property Details
| Area | 11.43 Acres |
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| Number of Flats | 634 (3 BHK – 132, 2 BHK – 502) |
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| Blocks | 35 |
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| Plinth Area | 4,65,000 Sq.ft. |
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| Location |
Padikuppam Road, Anna Nagar West, Chennai-600040
View on Google Maps
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| OSR Area | 46,114 Sq.ft |
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| Road Area | 1,30,044 Sq.ft |
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| TNHB Area | 22,529 Sq.ft |
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| Approach Road Width | 50 Feet |
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Location Advantage
- Thirumangalam Metro Station – within 1 km
- Koyambedu Metro Station – within 1.5 km
- Proposed Padi Pudunagar and Park Station – within 500 m
Educational Institutions
- SBOA School
- Leo School
- Chennai Public School
- Velammal Main School
- DAV Boys & Girls
- Spartan Matric
- Daniel Thomas College
- Valliammal College
- DG Vaishnava College
- Anna Adarsh College
- ACS Deemed University
Healthcare
- MMM Hospital
- Lifeline
- Frontier
- Sundaram Medical Foundation
- Bee Well
Entertainment
- VR Mall & PVR
- Rohini Theatre
- Kora Foods
Part D – Pre-Qualification
- Experience: 10 years
- Projects: At least one project with 1000 units or 15,00,000 sq.ft in last 5 years
- Turnover: Avg annual turnover Rs.300 Crores (FY 2022-23 to 2024-25)
- Profit: Should not have made losses in last 3 years
- No NCLT/DRT proceedings
- Valid registrations under construction & real estate acts
Part E – Basic Details
| 1. | Name of builder/developer |
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| 2. | PAN |
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| 3. | GSTIN |
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| 4. | Address with Mobile & Email |
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| 5. | Name of authorized person with Mobile & Email |
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| 6. | Other details (if any) |
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Part F – Conditions (Post-qualification)
- Only pre-qualified offers (Part D) will be evaluated
- Developers may give additional offers/suggestions
- Decision of owners is final
- Chennai jurisdiction for disputes
- Last date: 30.09.2025, 5 PM (sealed cover/post/courier only)
- Tenders will be opened before Board of Managers & JVC members