Indian Institute Of Foreign Trade Housing Leased Residential Property Tender 2026 2 BHK Wet Lease 5-10 Years
Bid Publish Date
13-Apr-2026, 11:59 am
Bid End Date
07-May-2026, 11:00 am
EMD
₹6,33,691
Value
₹3,16,84,528
Location
Progress
Key Highlights
- • Explicit 2 BHK residential lease with wet-lease maintenance borne by lessor
- • ATC quantity/duration flexibility up to 25% pre/post contract award
- • Mandatory amenities: CCTV, streetlights, electricity back-up, lift, security guard, fire fighting system
- • Estimated contract value ₹31,684,527 and EMD ₹633,691
- • 5-10 year tenancy window with all floors coverage
- • No BOQ items listed; emphasis on readiness and safety compliance
- • Requires institutional occupancy suitability and safety certifications
- • Procurement by Indian Institute Of Foreign Trade (IIFT)
Tender Overview
The Indian Institute Of Foreign Trade (IIFT) invites proposals for leasing residential property in a wet-lease arrangement where maintenance and related services are borne by the lessor. The scope targets a 2 BHK unit with an indicative term of 5 to 10 years and coverage across all floors. Essential amenities include CCTV facility, streetlights, electricity back-up, lift, security guard, and a fire fighting system. The estimated contract value is ₹31,684,527 with an EMD of ₹633,691. This procurement appears to emphasize turnkey residential occupancy with utility and safety provisions managed by the lessor. The tender emphasizes quantity flexibility up to 25% before and after contract award per the ATC, creating scope for adjustments in duration or size.
Technical Specifications & Requirements
- Project type: Wet-lease of residential property for IIFT premises.
- Unit specification: 2 BHK dwelling, suitable for institutional occupancy.
- Term: 5 to 10 years; price/contract duration adjustable up to ±25% as per ATC terms.
- Facilities to be provided by lessor: CCTV, street lighting near building, electricity back-up, lift, security guard, fire fighting system.
- Financials: Estimated value ₹31,684,527; EMD ₹633,691.
- Compliance notes: ATC allows quantity/duration modification; ensure tenancy aligns with lease norms and safety standards; no BOQ items present.
- Delivery/occupation readiness: premises must be ready for immediate occupancy under wet-lease terms, with required safety installations active.
- Area/coverage: all floors as part of the leased asset; ensure structural suitability for institutional use.
Terms, Conditions & Eligibility
- EMD: ₹633,691 to be deposited as per tender terms.
- Duration flexibility: contract duration adjustable up to 25% at issuance and post-award.
- Maintenance transfer: maintenance responsibilities to be borne by the lessor (wet lease).
- Performance risk: penalties or LD not explicitly stated; ensure compliance with safety installations (CCTV, fire system).
- Documentation: bidders must prepare documents demonstrating occupancy readiness, property ownership or authorization, and safety certificates; verify any GST/PAN requirements as part of submission.
- Security and compliance: provide robust security, power backup, and fire safety measures; confirm insurance and occupancy permissions.
- Payment and delivery terms: align with standard government lease procurement practices; ensure timely occupancy and handover as per contract.
Key Specifications
-
Leased product: residential property for institutional occupancy
-
Unit: 2 BHK minimum suitable for institute housing
-
Term: 5 to 10 years with ±25% adjustment allowed by ATC
-
Facilities: CCTV, streetlights near building, electricity back-up, lift, security guard, fire fighting system
-
Financials: Estimated value ₹31,684,527; EMD ₹633,691
-
Delivery: ready-for-occupancy premises; maintenance by lessor; safety/compliance certificates required
Terms & Conditions
-
EMD amount and submission method specified (₹633,691)
-
Wet-lease maintenance borne by lessor with readiness for occupancy
-
Quantity/duration can shift by up to 25% before/after award
Important Clauses
Payment Terms
Standard lease payment terms to be defined in contract; verify schedule and any advance or security deposit requirements with IIFT
Delivery Schedule
Premises should be ready for occupancy within agreed handover window; ensure safety and utility readiness prior to initial occupancy
Penalties/Liquidated Damages
Not explicitly specified in the data; bidders should seek clarity on performance penalties and maintenance responsibilities during tenancy
Bidder Eligibility
-
Proven experience in leasing residential properties to government/educational institutions
-
Financial capacity to support upfront costs and maintenance commitments
-
Compliance with safety standards and ability to provide required security and electrical backup systems
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
3 Days
Requirements
Min. Avg. Annual Turnover
951
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Leasing In of Residential Properties - Housing; Wet Lease (maintenance to be borne by lessor); 2 BHK; 5 years- 10 years; 5; All Floors; CCTV facility, Streetlights near the building, Electricity back-up, Lift, Security guard, Fire Fighting system; Ye..
Authority Records
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Documents 8
GeM-Bidding-9211737.pdf
Main Document
Scope Of Work Document
SCOPE_OF_WORK
Payment Terms & Condition
PAYMENT
Other Documents
OTHER
Other Documents
OTHER
Technical Specification/Buyer Specification Document
TECHNICAL
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
1 Update Update
Extended Deadline
07-May-2026, 5:30 am
Opening Date
07-May-2026, 6:00 am
Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for similar residential lease or institutional occupancy projects
Financial statements demonstrating solvency
EMD submission proof (online or DD as applicable)
Technical/compliance certificates for safety systems (CCTV, fire fighting)
Property ownership/authorization documents and lease/rental agreement copies
OEM or security equipment vendor authorizations if required
Frequently Asked Questions
Key insights about DELHI tender market
How to bid on the IIFT housing lease tender in 2026 for a 2 BHK?
Bidders must submit GST, PAN, financials, experience certificates, EMD ₹633,691, and property authorization. Ensure readiness with CCTV, lift, fire safety, and power backup. ATC allows ±25% changes in quantity/duration before/after award.
What are the eligibility criteria for IIFT wet-lease housing tender 2026?
Eligibility requires institutional leasing experience, financial solvency evidenced by statements, property ownership or authorization, and capability to provide safety systems (CCTV, fire fighting). Compliance with maintenance by lessor is mandatory.
What documents are required for bidding on the IIFT residential lease?
Required submissions include GST and PAN, experience certificates for similar leases, financial statements, EMD proof, property documents, and any OEM authorizations for safety equipment. Ensure safety certifications for CCTV and fire systems.
What is the estimated contract value and EMD for this lease tender?
The estimated value is ₹31,684,527 with an EMD of ₹633,691. Prepare funds accordingly and attach EMD payment proof with the bid. Verify payment method as per supplier guidelines.
What delivery/occupancy terms apply to the IIFT lease procurement?
Premises must be occupant-ready for immediate use under wet-lease terms. Lessor must provide maintenance, power backup, CCTV, lift, security, and fire protection systems, ensuring regulatory compliance before handover.
What standards or safety certifications are required for this lease?
Mandatory safety provisions include CCTV surveillance, fire fighting infrastructure, and electrical backup systems. Provide certificates or attestations confirming installation compliance and ongoing operation readiness.