Seven office plots and one retail plot at Yashobhoomi, Dwarka, on long-term sub-lease from a Government of India company. Reserve Prices run from ₹199.1 crore to ₹648.4 crore per plot, with four of them bid together as one ₹1,399 crore Block. Proposals close 26 October 2026; the e-auctions follow on 6 and 19 November.
Bidding opens 6 Nov 2026 at 11:00 AM IST. Bid security ₹3.98–12.97 Cr. Proposal submission closes 26 Oct 2026.
First seen · Updated · Source: IICC notice
Compiled from IICC’s own Request for Proposals, September 2026 · Development, Operation and Maintenance of Mixed-Use Development Plots at IICC, New Delhi, to be allotted on long-term sub-lease basis. BiddingPulse is independent research, not affiliated with IICC; registration, payment and bidding happen on the official source.
IICC Ltd’s September 2026 RFP offers seven office plots and one retail plot at Yashobhoomi, Dwarka Sector 25, on long-term sub-lease. Four plots are bid individually, and four are bid together as one consolidated Block with a plot-wise fallback. Proposals are due on 26 October 2026, with e-auctions on 6 and 19 November 2026.
This page covers all eight plots in the RFP, with the Reserve Price, Bid Security, net-worth bar, ground coverage and permitted FAR each one publishes, and the two routes to auction kept apart so the same land is not counted twice. It also sets out the payment stages, recurring charges and forfeiture terms behind the bid, and flags where the RFP and its draft agreements disagree. We link IICC’s own documents so every figure can be checked at source.
This page covers 8 plots across 2 routes to auction in Dwarka, New Delhi.
Online tender submissions open 15 Sep 2026 and close 26 Oct 2026. Online bidding is scheduled for 6 and 19 Nov 2026, 11:00 AM – 1:00 PM IST on the MSTC e-Bidding portal — IICC.
The notice publishes two main amounts for every plot. The first is the reserve price — the authority’s published floor. Confirm the price-offer and evaluation rules in the current tender documents before submitting. Across these 8 plots, the reserve runs from ₹199.10 Cr – ₹648.40 Cr. Published areas span Ground coverage: 1,968–8,622 sq m per plot; Total permissible FAR: 17,326–64,242 sq m per plot; Block: 17,664 sq m ground coverage and 1,33,248 sq m FAR across its four plots. The reserve is the floor the notice sets; it is not evidence of a final or accepted price. The second number is the Bid Security — here Annexure-C sets a separate Bid Security for each plot, from ₹3.98 crore on plots 12 and 15 to ₹12.97 crore on plot 29. The Block carries its own ₹28 crore figure, which is not the sum of its four plots. MSTC’s catalogues print the same amounts under the heading Pre-Bid EMD. Unsuccessful bidders request their Bid Security back through the “EMD Refund Request” link in their MSTC buyer login, and the RFP says refunds are processed within 2–3 working days; no interest is paid. Section 4 opens that link between 6:00 AM and 12:05 PM on the day after the auction closes, so verified bank details and a cancelled cheque should already be uploaded. A winner does not get it back as cash: on a plot bought on its own it is set against the second payment stage, and on the Block it is spread across the four plots against the first half-yearly instalment. If the Block sells, individual bids on those four plots lapse and their Bid Security is refunded. These two are not the whole cost: a bidder also budgets for a non-refundable RfP Processing Fee of ₹1,00,000 plus 18% GST, which must accompany the proposal — a proposal without it is liable to be rejected, MSTC’s one-time buyer registration of ₹10,000 plus 18% GST (₹11,800), payable after login before you can bid, External Development Charges of ₹440 per sq ft, payable upfront when the sub-lease agreement is signed, Common Area Maintenance at ₹1.9 per sq ft during construction and ₹6.0 per sq ft in operation for 2026, escalating 5–10%, plus Centralised Services Charges of a tentative ₹13.40 per sq ft and actual consumption, and Annual Lease Rent of ₹1 per sq m of permitted FAR each year, stamp duty, registration and legal costs, and GST and other taxes on the Lease Premium and all of the above.
Use the notice and bidder portal links below to check the latest details and register.
| Stage | Date & time | What it means | Source |
|---|---|---|---|
| RFP issued | 15 Sep 2026 | IICC published the RFP and both draft sub-lease agreements on its own tender page. | RFP cover and clause 2.14 |
| Proposal submission and document upload open | 15 Sep 2026 | MSTC opens bidder document upload the same day the RFP is issued. | RFP clause 2.14; MSTC upload window |
| Pre-proposal meeting | 25 Sep 2026 | Bidders who wish to attend must tell IICC beforehand in writing and bring a signed letter of authorisation. | RFP clause 2.14 |
| IICC answers bidder queries | 5 Oct 2026 | The date IICC intends to publish its responses to clarification requests. | RFP clause 2.14 |
| Proposal submission closes | 26 Oct 2026 | The RFP calls this the Proposal Due Date. It is the single entry deadline for both routes, and MSTC closes bidder document upload at 23:59 on the same day. | RFP clause 2.14; MSTC upload window |
| Technical proposals opened — Block | 27 Oct 2026 | Only bidders found technically qualified here may bid in the Block e-auction. | RFP clause 2.14 |
| Technical proposals opened — individual plots | 9 Nov 2026 | Evaluation for the plot-wise events, including any Block plots released after an unsuccessful Block e-auction. | RFP clause 2.14 |
| Two e-auction sessions | 6 and 19 Nov 2026, 11:00 AM – 1:00 PM IST | The Block of plots 19, 20, 22 and 23 is bid as one lot on 6 November; plots 12, 15, 25 and 29 are bid plot by plot on 19 November, joined by the Block plots only if the Block did not conclude above its Reserve Price. A bid in the last eight minutes extends that session by eight minutes from the bid, repeatedly, with no published cap. | RFP clause 2.14 and Section 4 |
IICC is offering eight development plots at Yashobhoomi on a long-term sub-lease — seven for offices and one for retail. Four are bid plot by plot; the other four are bid together as one Block. Proposals for both routes are due on 26 October 2026.
A long-term sub-lease, not ownership. The winning bidder designs, finances, builds, operates and maintains the plot, and must obtain the Occupation Certificate for the full permitted FAR within five years of signing. The sub-lease runs up to 06 March 2117, within IICC Ltd's own 99-year lease of the land from DPIIT dated 8 March 2018. At the end of the term, the plot and everything built on it transfer back to IICC with no payment to the developer.
Because the second is a fallback, not extra stock. Plots 19, 20, 22 and 23 are first bid as a single consolidated lot on 6 November 2026, above a ₹1,399 crore Block Reserve Price. Only if that Block e-auction does not conclude above that price are the same four plots released as separate events and taken up plot by plot on 19 November 2026. The four individually-offered plots — 12, 15, 25 and 29 — run on 19 November either way. Annexure-C gives the Block its own line: ₹1,399 crore Reserve Price, ₹28 crore Bid Security, a ₹601 crore net-worth bar and 1,33,248 sq m of permissible FAR across the four plots — none of them the sum of the four. The plot table above lists the eight plots only, because a bundle row beside its own constituents is the double-count this answer exists to prevent; the Block’s catalogue is linked with the other eight under the official documents.
Annexure-C sets a Total Reserve Price, a Bid Security and a net-worth bar for each plot. Bidding starts above the Reserve Price; a bid at or below it is not permitted. Plot 29 is the only retail plot and the largest single plot on offer. Note that the Block carries its own figures rather than the sum of its four plots. The RFP says this explicitly for the net-worth bar — “the consolidated amount specified for the Block in Annexure-C, and not the arithmetic sum” — and the pattern holds for the money too: ₹1,399 crore against the ₹1,398.6 crore the four plots carry separately, and ₹28 crore of Bid Security against ₹27.98 crore. Use the Block row, not addition.
Offered individually · e-auction 19 November 2026
Offered individually · e-auction 19 November 2026
Offered individually · e-auction 19 November 2026
Offered individually · e-auction 19 November 2026
Runs on 19 November 2026 only if the Block does not conclude above its Reserve Price
Runs on 19 November 2026 only if the Block does not conclude above its Reserve Price
Runs on 19 November 2026 only if the Block does not conclude above its Reserve Price
Runs on 19 November 2026 only if the Block does not conclude above its Reserve Price
Most of them, yes. IICC has published four RFPs for this inventory: 27 August 2025 (12 plots), 15 December 2025 (11), 18 May 2026 (three office plots — 12, 13 and 15) and this one on 15 September 2026 (eight). Seven of this round’s eight plots appeared in the 2025 rounds at the same Total Reserve Price, and plot 29 is offered here for the first time. Two IICC documents say anything about how the earlier rounds ended: a notice dated 11 December 2025 withdrew plots 12, 13, 17 and 26 from the August 2025 e-auction and declared that RFP closed for them, and the 24 June 2026 reply to pre-bid queries says plot 17 “has already been auctioned”. Beyond those two, IICC has not published what happened, and neither do we.
A financial offer cannot be withdrawn once it is placed on the e-auction platform. If the selected bidder does not sign and return the Letter of Allotment within seven days, IICC may forfeit the entire Bid Security as damages — on plot 29 that is ₹12.97 crore, and on the Block ₹28 crore. Miss a payment stage and the consequence is larger: IICC may cancel the Letter of Allotment, forfeit the Bid Security, and forfeit the entire first-stage payment already made, which is 30% of the Lease Premium. Failing to execute the agreement in time carries the same cancellation and forfeiture of every payment made up to termination. A discretionary extension, where granted, is charged at 0.15% a year of the plot’s Lease Premium, calculated day to day. Disqualification for prohibited practices also forfeits the Bid Security and bars the bidder from IICC tenders for two years.
Several charges sit on top of the Lease Premium. External Development Charges are ₹440 per sq ft, payable upfront when the agreement is signed. Common Area Maintenance runs at ₹1.9 per sq ft during construction and ₹6.0 per sq ft in operation for 2026, escalating 5–10% by industry norms. Centralised Services Charges are a tentative ₹13.40 per sq ft plus actual consumption. Annual Lease Rent is nominal at ₹1 per sq m of permitted FAR each year. GST and other taxes are payable on all of these, and the quoted Lease Premium is itself exclusive of tax. Stamp duty, registration and legal costs are the developer’s.
The two routes differ sharply. For a plot bought on its own, 30% of the Lease Premium falls due within 30 days of the Letter of Allotment and the balance 70% within 180 days, with the Bid Security set against that second stage; the sub-lease is then executed within 30 days of full payment. For the Block, 30% of the aggregate premium falls due within 90 days of the Letter of Allotment, after which each of the four plots is sub-leased under its own registered agreement, and the remaining 70% is spread over six half-yearly instalments across three years carrying 10% a year simple interest on the outstanding balance. Late payment, where an extension is allowed at all, is charged at the higher of 12% a year or SBI MCLR plus 2%.
Bidders must first clear a technical evaluation, and each plot carries its own net-worth requirement — from ₹82.41 crore on plots 12 and 15 up to ₹601 crore for the Block. Proposals must stay valid for at least 180 days. No bidder may submit more than one proposal for the same plot. Bidding moves in multiples of ₹10 lakh. A bid received in the last eight minutes pushes the close out by eight minutes from that bid, and that repeats until eight minutes pass with no fresh bid — so the published 1:00 PM close is a scheduled time, not a known one. If only one bidder qualifies, IICC may either run the auction with that bidder or cancel the process, at its own discretion.
Take the documents from IICC’s own tender page, linked above. The Tender Documents tab on the MSTC IICC page still lists the 4-star hotel, 5-star hotel and office RFPs from the 2019–20 round, so a reader who starts there lands on a superseded document. Use MSTC for registration, the auction catalogue, the data room and bidding: registration and a digital signature are required, and the data room opens once you are logged in. Match the Auction ID shown with your plot before bidding — the Block and its four constituent plots have different Auction IDs for the same land. IICC’s registered office is 5th Floor, Management Office, Yashobhoomi, Sector 25, Dwarka, New Delhi-110077.
All eight plots in the RFP: what you may build on each, the floor it is bid above, the deposit that goes with the proposal and the net worth Annexure-C requires. The groups are the two routes to auction — the four bid plot by plot, and the four that reach that date only if the Block does not sell. The Block itself is one lot made of those same four plots, so it is not a row here; its figures are in the answer above.
| Plot · full details | Ground coverage | Permitted FAR | Reserve Price | Bid Security | Net worth |
|---|---|---|---|---|---|
| Plot 12 · Office | 1,968 sq m | 17,326 sq m | ₹199.1 crore | ₹3.98 crore | ₹82.41 crore |
| Plot 15 · Office | 1,968 sq m | 17,326 sq m | ₹199.1 crore | ₹3.98 crore | ₹82.41 crore |
| Plot 25 · Office | 3,648 sq m | 28,163 sq m | ₹299.5 crore | ₹5.99 crore | ₹127.93 crore |
| Plot 29 · Retail | 8,622 sq m | 64,242 sq m | ₹648.4 crore | ₹12.97 crore | ₹248.54 crore |
| Plot · full details | Ground coverage | Permitted FAR | Reserve Price | Bid Security | Net worth |
|---|---|---|---|---|---|
| Plot 19 · Office | 4,416 sq m | 33,792 sq m | ₹354.8 crore | ₹7.1 crore | ₹152.35 crore |
| Plot 20 · Office | 4,416 sq m | 32,832 sq m | ₹344.5 crore | ₹6.89 crore | ₹147.97 crore |
| Plot 22 · Office | 4,416 sq m | 33,792 sq m | ₹354.8 crore | ₹7.1 crore | ₹152.35 crore |
| Plot 23 · Office | 4,416 sq m | 32,832 sq m | ₹344.5 crore | ₹6.89 crore | ₹147.97 crore |
Check each plot’s current record, reserve, bid security, and published Area details in the notice. Registration and bidding use the official IICC portal.