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TSRTC Open Spaces, Cantens, and Stalls in various bus stations e-tender & Auction in Telangana

TSRTC Open Spaces, Cantens, and Stalls in various bus stations e-tender & Auction in Telangana the Telangana State Road Transport Corporation (TSRTC) has laid out a comprehensive set of guidelines for the allotment of stalls. These guidelines aim to ensure a fair and efficient process for interested bidders. Let's delve into the key aspects of the stall allotment procedure.

Unveiling TSRTC’s Leased Lands in Greater Hyderabad Region

In a strategic move TSRTC Open Spaces, Cantens, and Stalls in various bus stations e-tender and auction in Telangana, the Telangana State Road Transport Corporation (TSRTC) has officially made available its lands for lease in the Greater Hyderabad region. This marks a significant development as TSRTC takes proactive steps to leverage its real estate assets. Let’s delve into the details of this noteworthy initiative.

Unlocking TSRTC’s Real Estate Potential

The Greater Hyderabad region, known for its expansive boundaries, now witnesses TSRTC offering its lands for lease, demonstrating the organization’s forward-thinking approach. The move is set to redefine how public entities make use of their assets for sustainable growth.

Online Tendering: A Seamless Process

To streamline the leasing process, TSRTC has introduced an online tendering system where interested parties can submit their proposals digitally. This modern approach not only enhances efficiency but also opens up opportunities for a wider range of stakeholders to participate.

1. Allotment Criteria: Highest License Fee

Stalls will be allotted based on the highest license fee quoted by the prospective bidders. TSRTC reserves the right to engage in further negotiations, if deemed necessary, with the highest license fee quoted bidder. This approach ensures a competitive process that aligns with market dynamics.

2. Construction Timeline

Upon successful allotment, TSRTC commits to constructing the stalls within a period of six months. However, circumstances beyond the Corporation’s control may lead to a possible extension of two or three months for construction. It’s important to note that any delays will not impose contractual liability on TSRTC.

3. Open Space Allocation

The locations of the open spaces, along with their respective areas, are detailed in Annexure-III for transparent reference. This ensures clarity regarding the available spaces and aids bidders in making informed decisions.

4. Adjustment of Earnest Money Deposit (EMD)

The Earnest Money Deposit (EMD) paid by the successful bidder will be adjusted toward the Security Deposit payable. The successful bidder must pay the difference between the EMD amount and the Security Deposit amount at the time of receiving the constructed stall or open space. It’s crucial to note that the EMD amount does not accrue any interest.

5. Tender Details and Requirements

Annexure-I provides a comprehensive statement detailing open spaces, the nature of business, open space/stall sizes, and EMD particulars for which tenders are invited. This information serves as a crucial reference for potential bidders.

6. Payment of EMD

The EMD amount must be paid through a Demand Draft (DD) or Banker’s Cheque drawn in favor of the Accounts Officer, TSRTC, Tarnaka. This payment method ensures transparency and accountability in the financial transactions related to the stall allotment process.

7. Description of Items and Services

Annexure-II outlines a detailed statement describing the items to be sold or services offered in the allotted stalls. This information is essential for bidders to align their business offerings with the Corporation’s expectations.

8. Tender Document Cost and Processing Fee

For each stall, bidders are required to pay the tender document cost/processing fee. The specified amounts for these fees are detailed in Annexure-II and should be paid through a DD or Banker’s Cheque drawn in favor of the Accounts Officer, TSRTC, Tarnaka. It’s important to note that the EMD amount, as mentioned earlier, does not accrue any interest.

By adhering to these guidelines, TSRTC aims to create a transparent, efficient, and competitive environment for stall allotment, fostering business growth and opportunities in the region.

Diverse Land Parcels Available

The available land parcels for lease are strategically located, catering to different needs and preferences. In Kachiguda, 4.14 acres are on offer, while Medchal presents 2.83 acres of prime real estate. Additionally, Shamirpet boasts 3.26 acres, and Hakimpet offers 2.93 acres. Cumulatively, these parcels amount to a substantial 13.16 acres, providing ample opportunities for diverse projects.

How to Apply

For those keen on exploring this opportunity, tender applications can be submitted online. The detailed information and guidelines are accessible on the official TSRTC website at www.tsrtc.telangana.gov.in. Interested parties are encouraged to visit the website for comprehensive details.

License Fee Structure and Guidelines for Business Operations at TSRTC Bus Stations

In a bid to regulate business operations at various bus stations, the Telangana State Road Transport Corporation (TSRTC) has outlined a comprehensive framework for license fees and operational guidelines. Here’s a breakdown of the key aspects to be considered by prospective licensees:

License Fee Duration and Enhancement

A-Class Bus Stations

B-Class and C-Class Bus Stations

Tender Submission Guidelines

  1. Separate Tender Forms: Each stall/shop/open space requires a separate tender form. The tenderer must submit the form only for the business mentioned in the tender notification. No combined quotations for multiple businesses will be accepted.
  2. Premises Inspection: Interested parties are encouraged to inspect the premises before submitting the tender form to ensure a clear understanding of the space and its potential.
  3. Allotment Procedure: The allotment of open space at bus stations will adhere to the specifications outlined by the concerned Depot Manager.
  4. Nature of Business: The nature of businesses and permitted items is provided in Annexure I for reference.
  5. Restrictions on Tender Submission: Tenders submitted in the name of minors or on behalf of minors will be rejected. For firms/companies/corporations, the authorized representative can submit the tender application along with an authorization letter.

By adhering to these guidelines, TSRTC aims to establish a fair and transparent process for licensing and business operations at its various bus stations. Prospective licensees are encouraged to carefully review these guidelines before participating in the tender process.

Key Dates to Remember

The deadline for submitting tenders is set for January 18th of the upcoming year, emphasizing the urgency and importance of this unique leasing opportunity. Prospective lessees are advised to adhere to the guidelines and timelines specified on the official TSRTC website.

Conclusion

TSRTC’s decision to lease its lands in the Greater Hyderabad region marks a progressive step towards optimizing its assets. The move not only aligns with modern practices but also encourages a transparent and accessible process for interested stakeholders. As TSRTC opens its doors to potential lessees, the Greater Hyderabad region awaits transformative projects that will contribute to its growth and development. Stay tuned for updates on this exciting venture!

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