Information Memorandum of

Land and Building

At Pithampur Industrial Area, MP

Quikr Realty Ltd is a Real Estate advisory services company.

Quikr Realty, India’s only online to offline (O2O) platform for Real Estate. With an

experience in Real Estate spanning 3 decades, we have grown into a leading Real

Estate advisory brand with a transaction volume of Rs. 2,500 Crores, in FY 2018.

We have grown into a strong 250+team of experienced professionals with a pan India

presence with offices across 12 cities.

We are also well supported in our knowledge and expertise by our alliance partner

HDFC Limited, which are working directly or indirectly with Developers, Private Equity

firms, Investors and other major companies in the industry.

At Quikr Realty, we strive to provide personalized attention to our clients and take them

through each step of the entire transaction process to ensure a smooth closure.

Presently, we operate across more than 12 cities which includes Ahmedabad,

Bangalore, Bhubaneshwar, Chennai, Delhi-NCR, Hyderabad, Indore, Kolkata, Lucknow,

Mumbai, Nasik and Pune, On a selective basis, Quikr Realty can also assist in Buying,

Selling & Leasing properties in other cities.

Welcome to Quikr Realty – Your Preferred Property Advisor.

1 Real Estate Overview

1.1 Micro market Overview – Pithampur Industrial Area

Pithampur is a well-established industrial hub located around 30 km south west of Indore. The growth

centre comprises of sector 1, 2, 3 & Kheda which are spread across an area of nearly 2,117 hectares.

There are about 217 large and medium scale industrial units and more than 610 small-scale

industries in Pithampur. The major industrial sectors are Pharmaceuticals, Food processing units,

Automobile and Auto ancillary. MNCs like Force Motors, Eicher Motors, Mahindra Two Wheelers,

Bridgestone India, AVTEC Ltd, Panasonic Energy, Ritspin Synthetics, Case, Lakhani Rubber Ltd, JB

M Auto, Expro India Ltd, etc have set up their units in Pithampur Industrial Area.

Indore has India’s first Greenfield operational Special Economic Zone Pithampur. It is multi-product

Industrial Area. The major industrial units running successfully in SEZ are CIPLA, Lupin, SRF, IPCA

Laboratories, MYLAN, Glenmark, Shakti Pump etc.

Pithampur Industrial area falls under Delhi Mumbai Industrial Corridor (DMIC) influence region.

Catering to the demand of movement of cargo, Container Corporation of India (CONCOR) has set up

their facilities & services as an ICD (Inland Container Depot) and Private Freight Terminal in

Pithampur area. Pithampur also has Asia’s largest ground for Auto Testing Track by NATRIP

(National Automotive Testing and R&D Infrastructure Project) in close proximity.

Figure 1

Maps 1: Micro market overview

Pithampur

Industrial Area

N

Special Economic Zone II

Source: Quikr Realty, Google Maps (2018)

Figure 2

Maps 2: Pithampur Sector I & II

Source: Quikr Realty, MPAKVN

Figure 3

Maps 3: Pithampur Sector III

Source: Quikr Realty, MPAKVN

2 Property Analysis

2.1 Property Details

Property Details

Property address Plot-IB (Part), Industrial Area –III, Pithampur, Dist-Dhar, Madhya Pradesh

Property Ownership Hindustan Motors Ltd.

Ownership Type Leasehold

Area on Offer to Sale Land area admeasuring 1,27,130 Sq mt and Buildings on site

admeasuring 31,290 Sq mt on “ as-is-where-is-basis”

Current Zoning Industrial

Condition of the property The subject property is an Industrial plot. The subject property comprises

of production buildings, office building and utility rooms, etc.

Photographs of Pithampur Property:

Internal Road Towards South External View of Shed Area

Internal View of Shed Internal Road Towards Mhow Neemuch Rd

External View of Building Internal View of Office Premises

Water Tank R & D Center

Source: Quikr Realty Limited (2018)

2.2 Property Title Particulars

As per MPAKVN (Madhya Pradesh Audyogik Kendra Vikas Nigam) lease document, the subject

property has been leased to Hindustan Motors Ltd. for tenure of 99 years.

Title Details of the Property:

The subject land is a lease hold right property to M/S Hindustan Motor Ltd. By virtue of lease due

date 23.05.1989 executed by “Lessor” –MPAKVN ( MADHYA PRADESH AUDYOGIK KENDRA

VIKAS NIGAM (INDORE) represented by Governor of Madhya Pradesh said Hindustan Motors

Ltd got the land parcel measuring 14,15,000 sq.mtrs as Lessee for 99years only. The above indenture

was registered through book-1-A volume no 1754 page 68 to100 being no 450 dated on 23.05.89 at

S.R.O-Dhar.

Lessee company Hindustan Motors Ltd, then surrendered measuring land area 6, 95,000 sq mtrs

through book no-1-A volume no 3063 page 30 to 35 being no 1711 date on 27.09.1997 and on the

base of that surrender back of land parcel to Lessor, the original land parcel was reduced from

14,15,000 sq.mtrs to 720,000 sq.mtr which was lying to lessee company Hindustan Motors Ltd.

After that the lessee Hindustan Motors requested to Lessor for partial transfer of land area measuring

5,92,870 sq mtrs to M/S AVTEC Limited, which was duly approved by the authority including

necessary permission.

As a result of this above partial transfer of land measuring 592,870 sq.mtrs, lessee party now retains

possession of land measuring 127,130 sqmts under the lease deed dated 23.05.1989 which has been

duly amended in 1997.

2.3 Zoning Characteristics

The subject property is in Industrial Zoning which is governed by MPAKVN.

2.4 Location

The subject property is located in a Pithampur Industrial Area. The location has many major industries

like Force Motors, Eicher Motors, Mahindra Two Wheelers, Bridgestone India, AVTEC Ltd, Panasonic

Energy, Ritspin Synthetics, Case, Lakhani Rubber Ltd, JB M Auto, Expro India Ltd, etc.

The neighbourhood of Subject Property is as below:

Towards North side: Mhow – Neemuch Highway

Towards South side: Vacant land and internal industrial road

Towards East side: Sagore Kutti Road

Towards West side: AVTEC Ltd

Maps 4: Location of Subject Property

N

Special Economic Zone II

Subject Property

AB

C

D EF

GH

I

K

L

M

List of Prominent Companies

A – Expro India Ltd.

B – JB M Auto

C – Spaintex Ltd.

D – Lakhani Rubber Ltd.

E – Panasonic

F – Case

G – AVTEC

H – Ritspin Synthetics

I – Bridgestone India

J – VE Commercial Vehicle Ltd.

K – Force Motors

L – Eicher

M – Mahindra Two Wheelers

J

Pithampur

Industrial Area

Source: Google Maps, Quikr Realty (2018)

Google Map showing the Location of the Property

Google Coordinates:

https://www.google.com/maps/place/22°37'36.2"N+75°36'39.5"E/@22.6266994,75.6109

635

Site Plan of the property:

2.5 Access & Connectivity

The Pithampur industrial area is connected by two national highways, NH-47(Indore – Ahmedabad

Rd) and NH-52(Mhow Bypass). Other important roads in the delineated investment region include

Mhow-Neemuch Road and Rau-Pithampur road. Meter gauge railway line, connecting Indore to

Khandwa, is located along the eastern edge of the delineated region which passes through Rau and

is approximately 18 kms away from Pithampur Sector 1.

The distance chart of important nodes from subject property is shown as follows:

Important nodes Distance in kms

Mhow (Railway Station) ~21

Devi Ahilyabai Holkar Airport ~35

Dhar (Bus Station) ~39

Indore (Railway Station) ~40

2.6 Marketability

Given the location of such large developed Industrial land parcel, the subject property is ideally suited

for setting up of large scale automobile, pharmaceuticals, engineering units.

3 Process for Re-sale of Land in Pithumpur Industrial Land

Private Process

The Building is to be sold to the interested party and agreement to be registered in the

name of new buyer with the sub-registrar of Dhar

Post which MPAKVN can be approached for transferring the said land parcel in the name of

interested buyer by payment of transfer fee and payment of land premium

4 Offer

Hindustan Motors wants to sell the property located at Pithampur, Dhar, MP through Bidding process.

5 Property Details:

1) Land parcel measuring 1, 27,130 sq.mtrs and

2) Building and structures measuring 31,290 sq.mtrs.

6 Inspection of Property and Bid Document:

Proposed Buyer may inspect the property. The property inspection would be arranged between 10 am

to 4pm through prior appointment only. For property inspections please contact: - Shyamal Nandi:

+91-9830250680 / email:shyamaln@quikrrealty.com.

Proposed Buyer may download the bid docs from quikrrealty.com or drop request email for bid docs

at shyamaln@quikrrealty.com.

---------------------------------------------------------------------------------------

Contact:

AMIT JOSHI

amitj@hdfc.com

SHYAMAL NANDI

shyamaln@quikrrealty.com

Kolkata Office: Quikr Realty Limited.

Chatterjee International Centre, 13th Floor, Room No: 12A

33A, Jawahar Lal Nehru Road

Kolkata - 700071, West Bengal.

Registered Office: Quikr Realty Limited.

169, Backbay Reclamation, H T Parekh Marg, Churchgate, Mumbai - 400020, India.

Disclaimer:

This Information Memorandum (“Memorandum”) has been prepared for the purposes of this engagement between Hindustan Motors Ltd and Quikr Realty Limited (hereinafter referred to as “QRL”). This Memorandum provides details of the property. QRL shall have no liability and/or responsibility for the quality, safety or legality or accuracy of the property details of the mentioned in the memorandum. The bidding process shall be facilitated by QRL and QRL has provided the information in this Memorandum as is received by it and does not assume any responsibility of verifying such information. Neither QRL nor any of their respective affiliates or any of their representatives make any representation or warranty, express or implied, or accept any responsibility or liability for the accuracy or completeness of this Memorandum or any other written or oral information. Further, the bidding process conducted shall be held on “As is Where Is and Whatever There Is" basis.

The information contained in this Information Memorandum and any subsequent information provided is intended to act as a guide only. No information contained herein shall form the basis of or be part of any agreement and no warranty; neither representation nor covenant is given or implied as to the accuracy, completeness of the whole or any part of this information including the factual inputs thereon.

Whilst information contained in this Memorandum has been prepared in good faith and with due care, potential Bidders/investors/buyers should make their own enquiries, due diligence and satisfy themselves as to the accuracy of all aspects of the information.

No liability for negligence, misrepresentation or otherwise is assumed for the information contained herein either by Quikr Realty or Hindustan Motors Ltd and/or, the directors or employees of the two companies.

__________________________________________________________________