Indian Institute Of Foreign Trade Housing Leased Residential Property Tender 2026 2 BHK Wet Lease 5-10 Years

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.