Exit low building clusters, enter skyscrapers at Girgaum and Parel
The two projects, one by Nish Developers and the other by Shreepati Group, will be the first among several similar projects expected to come up on prime plots. The minutes of a committee meeting, released on Thursday, say the panel will forward these two proposals to the government for approval under the recently amended DCR 33 (9) that allows a higher vertical limit when building clusters in a minimum area of one acre are redeveloped.
Developers can profit by selling 55 to 80 per cent of the area used for rehabilitating tenants.
The project by Shreepati Group will see ground-floor to four-storey-high structures being razed and replaced by 15 to 45 storey highrises. A total 735 tenants from Pimpalwadi, Sukhanand chawl and Amarwadi at Girgaum will be rehoused in flats with a minimum area of 300 sq ft while the developer will make his profit by selling flats in two 50-storey towers. The project will now be forwarded to the urban development department.
At the 26,321 sq m New Islam Mill compound in Parel, Nish Developers will construct 22- to 50-storey towers. “It is a private mill and has been defunct for 74 years,” said developer Kailash Agarwal. The 650, second-generation workers’ families staying in 80 sq ft flats with common toilets will now
Be the first to comment.
