General of registration, West Bengal, whichever is higher. Land meant for commercial use shall invariably be auctioned to the highest bidder for which adequate publicity should be given including through the internet. Commercial use will mean use for office , shops, shopping malls , housing not meant for the EWS, LIG or the poor, cineplexes, theme parks, hospitals, educational institutions etc. and would include all other activities except those activities for which a different mode of disposal is prescribed.
Reserve price should not be fixed by the Government before the bidders submit their financial bids, so, that there is no chance of the bidders knowing the Reserve Price fixed by the Government. The Government , while fixing the Reserve price, should not have knowledge of the price bids submitted so that the fixing of the Reserve Price is not influenced by such knowledge. The Advisors do not finalize Reserve Price, as a conflict of interest may arise with them trying to keep them a low Reserve Price. The bidders are provided full comfort that their bids, once submitted, can in no way be tampered with by any agency.
iv. For construction of housing for the poor, EWS and LIG through developers, it would be permissible not to go in for the auction route, keeping in view of the paramount public interest. Instead , development offers on pre-announced criteria can be invited through a two stage bidding process. The policy for the allotment of the dwelling units after construction also should be rational, objective and transparent and stated clearly in the brochures / advertisements.
For projects leading to industrial development , the highest price need not be the main criteria nor should auction be the only mode of allotment. The department or the entity shall prepare and publish a list of its land assets. It may also indicate the kind of industrial development it is seeking ( big, medium, small, micro, non – polluting , knowledge based, etc.) along with the tentative price which may be determined on the basis of acquisition price, cost of capital, development charges and premium as applicable. This information should be freely available in the public domain for at least a month before offers are received / invited.
The offers should be evaluated on pre-specified and pre –announced criteria e.g. specified purpose, employment potential, likely tax-revenue, development of back ward regions, economic development of disadvantaged communities , lower pollution levels, standard norms for land requirements for specific type of industries , and the past record of the investors. Evaluation should be done by a Transaction Advisor, to be selected from the empanelled list of Transaction Advisor drawn up by the Finance Department through a transparent and competitive process and notified vide No. FS-116(PPP Cell ) / 2012 dated 10.09.2012.
Project proposal for private educational institutions and medical facilities will be deemed to be commercial ventures, except where such projects are to be set up by public charitable trusts with no profit motives and in existence for at least five years in the respective field, after inviting offers in a transparent manner.trusts promoting such institutions have to be well-known for their services at the national or international level. The cases of allotment to charitable and reputed institutions fulfilling the above conditions should be referred to the Standing Committee of the Cabinet on industry,infrastructure and Employment for a final decision.
Reserve price should not be fixed by the Government before the bidders submit their financial bids, so, that there is no chance of the bidders knowing the Reserve Price fixed by the Government. The Government , while fixing the Reserve price, should not have knowledge of the price bids submitted so that the fixing of the Reserve Price is not influenced by such knowledge. The Advisors do not finalize Reserve Price, as a conflict of interest may arise with them trying to keep them a low Reserve Price. The bidders are provided full comfort that their bids, once submitted, can in no way be tampered with by any agency.
iv. For construction of housing for the poor, EWS and LIG through developers, it would be permissible not to go in for the auction route, keeping in view of the paramount public interest. Instead , development offers on pre-announced criteria can be invited through a two stage bidding process. The policy for the allotment of the dwelling units after construction also should be rational, objective and transparent and stated clearly in the brochures / advertisements.
For projects leading to industrial development , the highest price need not be the main criteria nor should auction be the only mode of allotment. The department or the entity shall prepare and publish a list of its land assets. It may also indicate the kind of industrial development it is seeking ( big, medium, small, micro, non – polluting , knowledge based, etc.) along with the tentative price which may be determined on the basis of acquisition price, cost of capital, development charges and premium as applicable. This information should be freely available in the public domain for at least a month before offers are received / invited.
The offers should be evaluated on pre-specified and pre –announced criteria e.g. specified purpose, employment potential, likely tax-revenue, development of back ward regions, economic development of disadvantaged communities , lower pollution levels, standard norms for land requirements for specific type of industries , and the past record of the investors. Evaluation should be done by a Transaction Advisor, to be selected from the empanelled list of Transaction Advisor drawn up by the Finance Department through a transparent and competitive process and notified vide No. FS-116(PPP Cell ) / 2012 dated 10.09.2012.
Project proposal for private educational institutions and medical facilities will be deemed to be commercial ventures, except where such projects are to be set up by public charitable trusts with no profit motives and in existence for at least five years in the respective field, after inviting offers in a transparent manner.trusts promoting such institutions have to be well-known for their services at the national or international level. The cases of allotment to charitable and reputed institutions fulfilling the above conditions should be referred to the Standing Committee of the Cabinet on industry,infrastructure and Employment for a final decision.
