Invitation for Request for Proposal

1. Brief Asset Description

1.1. Delhi International Airport Limited (“DIAL”) proposes to invite bids pursuant to its Request for Proposal (“RFP”) for selection of 1 (one) bidder for grant of lease of state-of-the-art commercial complex.

1.2. The commercial complex is located at the GMR Aerocity, Gateway District, IGI Airport, New Delhi. GMR Aerocity, located at the heart of Delhi NCR with close proximity to both domestic and international terminals, with its magnificent and complete bouquet of leisure, business avenues, and offerings. Boasting a sustainable, smart, and resilient infrastructure with premium office spaces, world-class hospitality, 100+ of the world’s most exquisite F&B brands, and a vibrant urban environment, GMR Aerocity is not only a popular destination for active and tasteful city dwellers, but it routinely gets a marquee mention in major travel itineraries for travellers coming to the National Capital.

1.3. The Asset site identified by DIAL, and the warm shell building for the Asset which is being constructed by DIAL, is on an ‘as is where is’ basis, with a gross leasable area of 641,362 (six lakh forty one thousand three hundred sixty two) square feet comprising the super structure, as more particularly described in the RFP and the lease agreement (“Asset”).

1.4. The Asset site is currently accessible through an 8 lane central spine road with provision to further expand to 16 lanes, based on demand. The central spine is directly connected to NH8 and northern access road which provide excellent approach from different parts of Delhi and NCR. The Asset is also connected to the Dwarka Expressway and will have direct connectivity to the upcoming direct tunnel from the northern access road. Further, GMR Aerocity has excellent metro connectivity via the Airport Express Line (Orange Line) and upcoming lines, making it a key hub. The existing Orange Line directly connects GMR Aerocity to Terminal 3 of the airport and New Delhi Railway Station. The upcoming Golden Line (Magenta Line, part of Phase IV) will further link Aerocity to Terminal 1, creating a multi-modal transit hub with additional connections from the planned Regional Rapid Transit System and an Automated People Mover to other airport terminals.

2. RFP Details

1.5. The details of the Asset, technical and financial eligibility criteria, grounds for disqualifications and formats for submission of bids are set out in the RFP. The brief technical and financial eligibility criteria and certain grounds for disqualification are mentioned hereinbelow for immediate reference.

2.1 Technical Eligibility Criteria

To be eligible for the Asset, the applicant shall, either by itself and/or through its affiliates1 demonstrate that, as on the date of submission of its bid, it has occupied, managed, and/or operated at least a 5,00,000 square feet office space, at not more than 2 (two) locations cumulatively, for a continuous period of the last 2 (two) years immediately preceding the date of submission of the bid.

2.2 Financial Eligibility Criteria

For demonstrating financial eligibility, the applicant shall, either by itself or through its affiliate2, demonstrate that it has a minimum net worth of INR 150,00,00,000 (Indian Rupees one hundred fifty crores) as at the end of the last financial year, i.e., FY 2024–2025; or has an annual turnover of INR 1,500,00,00,000 (Indian Rupees one thousand five hundred crores) in any of the last 3 (three) financial years ending March 31, 2025, i.e., FY 2024–2025, FY 2023–2024, FY 2022–2023.

2.3 Disqualifications

DIAL shall have the right, in its sole discretion, to disqualify any bidder/applicant on, inter alia, the following grounds, including if such bidder or its affiliate:

(a) has participated as an advisor or consultant to DIAL in the preparation of any documents, design or technical specifications of the Asset;

(b) has a relationship with another bidder that puts either or both of them in a position to have access to each other’s information about, or to influence the bid of either or each other, or a bidder constitutes a ‘related party’ (as defined under Section 2(76) of the Companies Act, 2013) or affiliate of another bidder;

(c) any two separate bidders or any constituent thereof submitting a bid through a common affiliate;

(d) the technical bid and/or financial bid being incomplete or not being in the prescribed manner/format specified under this RFP;

(e) if any legal, financial, or technical advisor or consultant of DIAL in relation to the Asset is engaged by the bidder, or any affiliate thereof, in any manner for matters related to the bid or the Asset; or any legal, financial, or technical advisor or consultant of another bidder is engaged by the bidder, or any affiliate thereof, in any manner for matters related to the bidding process or the Asset;

(f) any bid that is not accompanied by supporting documents, annexures, or attachments required to be submitted in accordance with the RFP;

(g) participation or submission by a bidder of more than 1 (one) bid;

(h) failure to comply with the requirements of the RFP and/or project documents or the bid being non-responsive;

(i) providing any untrue, incomplete, or inaccurate documents, undertakings, or declarations, or misrepresentation in the bid/application;

(j) if the bid is not signed, sealed, or marked as stipulated in the RFP, or does not contain all required information, or is not in the formats specified;

(k) the bid not accompanied by a bid security and/or the successful bidder fails to enhance the bid security as required;

(l) any bid received after the submission deadline;

(m) non-receipt of original documents as required under the RFP or project documents;

(n) attempt to withdraw or modify the bid after submission deadline without DIAL’s written consent;

(o) failure to extend the bid security upon extension of bid validity period;

(p) winding-up, insolvency, liquidation, dissolution, or bankruptcy petition admitted against the bidder or its affiliate, or being declared a sick company;

(q) submission of incomplete scope or conditional/qualified bid;

(r) attempts to influence or induce DIAL regarding eligibility or the bidding process;

(s) involvement in any collusive, fraudulent, or coercive practice;

(t) in the last 5 years, the bidder has failed to perform, committed fraud, rescinded, been expelled, or declared ineligible in any prior bid with DIAL or affiliates;

(u) has pending litigation or dispute with DIAL or its affiliates for breach of contract;

(v) has been barred/blacklisted by Central/State Government or any government-controlled entity, or a foreign entity barred by its home state;

(w) non-receipt of required original documents as per RFP/project documents.

1.6. The details of the Asset and the bid process are laid out in the RFP and project documents. In case of conflict, the RFP or project documents shall prevail.

1.7. To procure the RFP and other project documents, interested parties must submit an application in the prescribed format with a payment of INR 1,00,000 (Indian Rupees one lakh only) via demand draft drawn in favour of Delhi International Airport Limited, payable at New Delhi, and email the following to dial.ald@gmrgroup.in by November 12, 2025:

(a) Details of Bid Document Fee payment.

(b) Duly executed Confidentiality Undertaking .

(c) Duly filled RFP Application Form on company letterhead .

1.8. Within 3 (three) business days of submission, DIAL (or its authorised agent) will review submissions and provide access credentials for the RFP and related documents.

1.9. DIAL reserves the right to not release RFP documents, alter/suspend/cancel the RFP, or reissue it at any time.

1.10. For any queries related to the RFP, please email at dial.ald@gmrgroup.in.

To Download RFP Application Form and Confidentiality Undertaking form - Click here