One development site of about 17.00 ha in Indore: an 11 ha convention-centre concession and 6 ha of freehold commercial rights. Reserve sale premium ₹241.50 crore, plus a reserve annual concession fee of ₹3 crore. IDA seeks a developer through this second-call Request for Proposal (RFP).
Tender documents are available. Bid security ₹2.75 Cr. Online tender submission closes 27 Nov 2026, 6:00 PM IST.
First seen · Source: IDA Indore linked official tender materials
Compiled from IDA Indore’s linked official materials. BiddingPulse is independent research, not affiliated with IDA Indore; registration, payment and tender submission happen on the official source.
One Scheme 172 development package: 11 ha convention / exhibition-centre concession plus 6 ha freehold commercial rights; reserve annual fee ₹3 crore, reserve sale premium ₹241.50 crore and bid security ₹2.75 crore.
The two one-page IDA notices establish the package and headline financial terms. The Times of India’s 13 July report supplies the first-call outcome and Super Corridor location, with attribution. Detailed eligibility and contractual conditions require the complete RFP.
This page covers 1 development package in Scheme 172, Indore.
The e-tender runs to a published public timetable. An eligible bidder submits their tender response by 27 Nov 2026, 6:00 PM IST. Tender-document access and tender-response submission happen on the Madhya Pradesh eProcurement System (MP Tenders); bid security arrangements follow the current tender documents and authority instructions separately, and the authoritative notice sits on idaindore.org.
The 6 ha commercial component has a reserve sale premium of ₹241.50 crore. The 11 ha convention-centre concession carries a separate reserve annual concession fee of ₹3 crore. Bid security is ₹2.75 crore, paid online; the separate RFP Document Cost is ₹1,18,000 including GST. Check the complete RFP for the payment, refund and eligibility terms. Additional costs include construction, financing, operation and maintenance obligations in the full RFP.
Use the notice and tender portal links below to check the latest details and prepare the tender response.
| Stage | Date & time | What it means | Source |
|---|---|---|---|
| Second-call notice issued | 15 Oct 2026 | Second call for the existing Scheme 172 development package. | IDA notice 194 |
| RFP document purchase opens | 15 Oct 2026, 6:55 PM IST | The document-purchase window gives access to the full RFP on MP Tenders for the published RFP Document Cost. IDA’s tender index lists purchase until 27 Nov 2026, 6:00 PM IST. | IDA notice 194 |
| Pre-bid meeting at IDA office | 12 Nov 2026, 11:30 AM IST | The published venue is the IDA office, Indore. | IDA notice 194 |
| Online tender submission closes | 27 Nov 2026, 6:00 PM IST | Online-only tender submission cutoff. This is not a live auction session. | IDA notice 194 |
| Technical bids open | 30 Nov 2026, 11:30 AM IST | Technical evaluation precedes financial opening; this is not an award date. | IDA notice 194 |
| Financial bids open after qualification | Not in the notice | IDA will inform technically qualified bidders of the financial opening date. | IDA notice 194 |
IDA’s Notice Inviting Tender (NIT) names the project “Development of Convention-cum-Exhibition Centre on PPP Mode at Scheme No.172 in Indore”. IDA invites bids from reputed and experienced entities for this public-private partnership (PPP). The convention-centre land and the commercial land carry different rights and obligations.
An 11 ha licence/concession to design, build and finance a convention / exhibition centre, then operate, maintain and manage it. The separate 6 ha component conveys freehold ownership rights to develop and dispose of plots or built property. The convention-centre site and facilities must be handed back to IDA after the concession.
Bidders quote both an annual concession fee and a sale premium. The reserve annual fee is ₹3 crore; the reserve sale premium is ₹241.50 crore. Selection uses the highest total bid price: the net present value of annual concession fees over the concession term, discounted at 10% per annum, plus the sale premium.
Construction is allowed three years, followed by a 45-year concession. IDA’s estimated convention-centre project cost is ₹545.77 crore, separate from the sale premium and annual concession fees.
The RFP Document Cost is ₹1,18,000 including GST. Bid security is ₹2.75 crore. Both are payable online, with no exemption. The detailed terms are in the paid RFP.
IDA first invited bids for this package on 26 Mar 2026 (NIT 2025-26/143/52, tender 2026_DTCP_495046_1, bids due 13 May). It drew no bidders, IDA’s CEO told The Times of India (13 Jul 2026). This second call lowers the reserve sale premium from ₹365.70 crore to ₹241.50 crore. The other headline financial and tenure terms match in the two notices; the paid RFPs were not compared.
Scheme 172 is on Indore’s Super Corridor, according to The Times of India (13 Jul 2026). The IDA notices name only Scheme No. 172.
Explore more IDA Indore e-auctions, e-tenders, and allotmentsCurrent listings and past phases on the IDA Indore hub.Check the development package’s current record, reserve sale premium, bid security, and published area details in the linked official tender materials. Tender-document access and submission use the official MP Tenders portal.
How to find it on MP Tenders
The notice says the complete RFP is downloadable after payment of the RFP Document Cost.
9 e-offers and 4 registrations are open now in Madhya Pradesh. 2 e-offers are in progress.
Notice, dates & upset values
Notice, dates & upset values
Notice, dates & upset values
Notice, dates & upset values