**Executive Summary**
This document is a notification from the International Financial Services Centres Authority (IFSCA) announcing the commencement of the Second Consideration Period under the Request for Proposal (RFP) dated 02.01.2026 for leasing office space in the IFSCA Headquarters Building, GIFT City. It provides an updated list of vacant premises available for leasing, the bidding schedule, and the Financial Bid Form (BoQ). The submissions received within this consideration window from 21.01.2026 to 02.03.2026 shall remain valid.
**Key Points / Main Content**
* **Vacant Office Space Availability (21.01.2026 to 02.03.2026):**
* Specific floor/unit numbers, carpet areas (sqft), and lease terms are outlined for available spaces.
* 3SW: 2854 sqft (One fourth unit for 15 years)
* 5S: 3736 sqft (Half unit for 15 years)
* 9th Floor: 9445 sqft (Full floor for 15 years)
* 13th Floor: 9445 sqft (Full floor for 15 years)
* 14th Floor: 11416 sqft (Full floor for 15 years)
* 19th Floor: 11416 sqft (Full floor for 6 years)
* 20th Floor: 11416 sqft (Full floor for 6 years)
* Minimum area on offer is approx. 2854 Sqft for 3rd floor and 3736 Sqft for 5th floor.
* All other floors are exclusively available to bidders interested in one complete floor or more than one floor.
* Bidders for entire floors gain exclusive rights to common facilities on that floor.
* Carpet area is approximate; lessees charged for actual allotted area.
* Actual lease area finalized after joint measurement.
* North side refuge floors (9th and 13th) include approximately 1590 Sqft balcony area.
* **Schedule of Bidding Process:**
* RFP document available for free download for one year from first publication at [www.ifsca.gov.in](http://www.ifsca.gov.in) or CPP Portal ([https://eprocure.gov.in/epublish/app](https://eprocure.gov.in/epublish/app)).
* Last date for written queries: 23.02.2026 (1700 hrs) via email to hr-manager@ifsca.gov.in, anshul.tandon@ifsca.gov.in, or anil.meena@ifsca.gov.in.
* Deadline for submission and opening of Technical Bid: 02.03.2026 (1400 hrs submission, 1500 hrs bid opening).
* Notification of Letter of Intent (LOI) to successful bidders will be at an appropriate time.
* **EMD Payments/Fees:**
* EMD payable via NEFT/RTGS.
* For One Complete Floor: Rs. 10,00,000
* For 1/2 Floor Area: Rs. 5,00,000
* For 1/4th Floor Area: Rs. 2,50,000
* Account details:
* Beneficiary Name: International Financial Services Centers Authority
* Beneficiary Bank: Punjab National Bank
* Beneficiary A/c No.: 9302005900000013
* Beneficiary Bank's IFSC Code: PUNB0930200
* Bidders must mail payment proof to anshul.tandon@ifsca.gov.in and anil.meena@ifsca.gov.in and attach with bid.
* **Financial Bid Form (BoQ):**
* Refer to Annexure-I for the updated BOQ / Financial Bid Form.
* **General Notes:**
* All other terms and conditions specified in the RFP remain unchanged.
* For queries, contact anshul.tandon@ifsca.gov.in (Mob 8837840758) or anil.meena@ifsca.gov.in (Mob. – 8968447796).
**Impact Analysis**
**Stakeholder: Potential Bidders/Lessees**
* **Impact:**
* Opportunity to lease office space in the IFSCA HQ Building.
* Specific areas, terms, and conditions apply.
* Adherence to bidding schedule and EMD payment requirements.
* **Action Required:**
* Review available spaces and terms.
* Submit queries by 23.02.2026.
* Prepare and submit technical bid by 02.03.2026.
* Pay required EMD via NEFT/RTGS.
* Refer to Annexure-I for the updated BOQ / Financial Bid Form.
Key Entities Referenced
International Financial Services Centres Authority (IFSCA): A statutory authority, the primary entity issuing this notification for leasing office space.
RFP for Leasing of Office Space: The core process document referenced, governing the leasing of office space in IFSCA's HQ building.
GIFT City, Gandhinagar, Gujarat: The location where the IFSCA HQ building is situated, and where the leased office space is located.
Financial Bid Form (BoQ): Annexure to the RFP for submitting financial bids for vacant office space.
International Financial Services Centres Authority
(A statutory authority established by Government of India)
2nd & 3rd Floor, Savvy Pragya, GIFT City, Gandhinagar Gujarat – 382050, India.
RFP for Leasing of Office Space at different floors in IFSCA HQ Building in GIFT City, Gandhinagar
RFP No. IFSCA-Admn0IHBP/9/2025-GA dated 02.01.2026
Date:16.02.2026
Notification on Vacant Space for 2nd Consideration Period (21.01.2026 to 02.03.2026)
The International Financial Services Centres Authority (IFSCA) hereby announces the commencement of the
Second Consideration Period under the rolling Request for Proposal (RFP) dated 02.01.2026 for leasing
office space in the IFSCA Headquarters Building. As per the rolling tender framework, bids are invited with
Two-Bid System from eligible entities for the office spaces notified for 2nd Consideration Period. The updated
list of vacant premises available for leasing, along with the applicable bidding schedule and the latest
Financial Bid Form (BoQ), is hereby published and shall remain valid for submissions received within this
consideration window.
1. Vacant Office Space Available for leasing (Clause 1.2.6 of RFP-III)
Floor wise approximate Carpet Area on offer for rent for the 2nd consideration period (21.01.2026 to
02.03.2026) is indicated below:
Floor/Unit No. Carpet Area(sqft) Remarks
3SW 2854 One fourth unit for 15 years
5S 3736 Half unit for 15 years
9th Floor 9445 Full floor for 15 years
13th Floor 9445 Full floor for 15 years
14th Floor 11416 Full floor for 15 years
19th Floor 11416 Full floor for 6 years
20th Floor 11416 Full floor for 6 years
Note 1: Minimum area on offer on Floor no. 3 is approx. 2854 Sqft, and on 5th floor it is 3736 Sqft.
Note 2: All the other floors are exclusively available to the bidders interested in one complete floor or
more than one floors.
Note 3: A bidder who submits a bid for an entire floor shall be granted exclusive rights to use the
Common/shared facilities such as toilets, corridor and pantry located on that floor.
Note 4: The carpet area indicated in the above table is approximate and lessees will be charged for the
actual carpet area allotted to them.
Note 5: Actual lease area will be finalised after joint measurement of the office space and common utility
areas such as toilets, corridors, pantry, passage, exclusive accessible balcony/terrace area etc forming
Page 1 of 4part of the carpet area. In case of multi-users of the common areas, it will be proportionately divided
among the users.
Note 6: The North side of refuge floors (9th and 13th) include exclusive balcony area of 1590 Sqft
(approx.) in addition to the office space.
Explanation: For the purpose of this RFP, Carpet Area shall include allotted office space, along with
other shared spaces on the same floor, such as toilets, corridors and pantry. The shared spaces on each
floor shall be included in the calculation of carpet area of a lessee in proportion to the office space
allotted to such lessee.
2. Schedule of Bidding Process (Clause 1.4 of RFP-III)
SN Event Description Date & Time
Availability of RFP Available for download free of cost for one year from the date of
1 Document first publication from www.ifsca.gov.in or
CPP (Central Public Procurement Portal) Portal from
https://eprocure.gov.in/epublish/app
Last Date & time of (i) 23.02.2026 till 1700 hrs
2 Submission of Written (ii) Written queries must be e-mailed to hr-manager@ifsca.gov.in,
Queries anshul.tandon@ifsca.gov.in, or anil.meena@ifsca.gov.in
End/ Last Date & time for Due Date: 02.03.2026 till 1400 hrs
3 Submission of and Bid Opening: 02.03.20226 at 1500 hrs
opening of Technical Bid
4 Opening of Financial Bids
5 Issue of Letter of Intent
(LOI) to successful
Bidders Shall be intimated to the Eligible Bidders at appropriate time
6 Acceptance of LOI by the
Selected Bidders
7 Issue of PLOA to
successful Bidders
8 Signing of Lease Deed
The above schedule is tentative. Authority reserves the right to modify the Schedule of Bidding Process at
any time during the Bidding Process at its sole discretion without assigning any reason and shall not be liable
in any manner whatsoever.
3. EMD Payments/Fees with the Bid (Clause 1.7 of RFP-III)
Description Amount Mode of Payment and Payable to
Fee
(i) For One Complete Floor Rs.
Payment through NEFT/RTGS. The account details are
10,00,000/-
Earnest as under:
(ii) For ½ Floor Area Rs.
Money
5,00,000/- Beneficiary A/c International Financial
Deposit
(iii) For 1/4th Floor Area
Name Services Centers Authority
Rs. 2,50,000/-
Beneficiary Bank Punjab National Bank
Page 2 of 4Note:
Beneficiary A/c No. 9302005900000013
1. EMD for the Bulk bidders will
be the amount arrived at after
Beneficiary Bank’s PUNB0930200
multiplying the above rates with
IFSC Code
the no. of units/floors they are
desirous of bidding.
2. All Bidders are required to mail
the payment proof of EMD to
anshul.tandon@ifsca.gov.in
and anil.meena@ifsca.gov.in
and also required to attach the
proof along with bid.
The EMD amount submitted by the successful bidders shall be adjusted against the Security Deposit
payable at the time of issuance of LoI.
4. Financial Bid Form (BoQ) (Ref page 45 of RFP-III)
Bidders are requested to refer to Annexure-I for the updated BOQ / Financial Bid Form.
Note: All other terms and conditions specified in the RFP shall remain unchanged.
For any queries, interested bidders may contact on anshul.tandon@ifsca.gov.in (Mob – 8837840758),
anil.meena@ifsca.gov.in (Mob. – 8968447796)
Page 3 of 4Annexure-I
Financial Bid Form (BOQ)
S N Description of Item No of No of Carpet Base Quoted Remarks
Floors Units Area in Reserve Rate per
Square feet Lease Rent Sqft per
on Offer rate per Sq month
(Rounded ft per
off ) month
Leasing out the floor no 20 for 6 years as per
1. 1 11416 120
the terms and conditions contained in the RFP
Leasing out the floor no 19 for 6 years as per
2. 1 11416 120
the terms and conditions contained in the RFP
Leasing out the floor no 14 for 15 years as per
3. 1 11416 120
the terms and conditions contained in the RFP
Leasing out the floor no 13 for 15 years as per
the terms and conditions contained in the RFP
4.
(i) Main Office Area 7855 120
1
(ii) Balcony (North Side) 1590 10
Leasing out the floor no 9 for 15 years as per
the terms and conditions contained in the RFP
5.
(i) Main Office Area 7855 120
1
(ii) Balcony (North Side) 1590 10
Leasing out the unit no 5S for 15 years as per
6. 0.5 1 3736 120
the terms and conditions contained in the RFP
Leasing out unit no 3SW for 15 years as per
7. 0.25 1 2854 120
the terms and conditions contained in the RFP
Note:
1. Single floor/Half Floor/Quarter floor bids: Bidder shall carefully read the sheet and submit the best
financial bid for the Single floor/Half floor/Quarter floor unit they are interested in.
2. Multi-floor bids: Bidders interested in multiple floors can bid for those floors as a package. They should
bid with the price they are willing to pay per square foot for the respective floors in the package.
3. The bidder shall quote the preferred rate in Col.7 (Quoted Rate per Sqft per month) against the units/floors
of their interest and cross out (X) Col.7 for the remaining units/floors.
4. Maximum five number of financial bids for different packs/floors/units are allowed.
5. The rate entered in column “Quoted Rate per Sqft per month” must be written in both figures and words
and should be covered with transparent adhesive tape.
6. Balconies with exclusive access from the North side office space are available on the refuge floor no 9
and 13. The monthly rent per sqft be quoted separately along with the adjoining office space as indicated
above.
Authorised Signatory
Page 4 of 4