​Mhada to review Rs 10,000cr Mumbai redevelopment project

Written By Unknown on Senin, 30 September 2013 | 22.23

MUMBAI: A redevelopment project in Kandivli (east), conservatively estimated to be worth Rs 10,000 crore, is under review by the state housing authority following complaints by a section of the residents.

Considered one of Mumbai's largest redevelopment projects, the Samata Nagar colony is spread over 56 acres and comprises 80 housing societies. But trouble erupted when 31 of these societies complained that they were included in the project by the builder, S D Corporation, without their consent. Maharashtra housing and area development authority (Mhada), which built this residential enclave of 165 buildings three decades ago, recently formed a six-member committee to inquiry into these complaints.

The Mhada no-objection certificate to the builder was for 84,000 sq metres. But the developer's agreement with the societies showed an area of 2.17 lakh sq m.

Amit Thacker, director of S D Corporation, refuted the charge. "Mhada issued various NOCs and offer letters in excess of two lakh sq m. However, the figure 2.17 lakh sq m comprises the entire layout of land for which the government has sanctioned an integrated layout. This has been done on the recommendations of Mhada itself for better infrastructure planning. Hence the issue of land cannot be correlated with the NOC and offer letters.''

S D Corporation was appointed for the project by 49 societies, including low-income to high-income residents, six years ago. Property experts said the land has a development potential in excess of one crore sq ft. Old residents will be shifted into brand new buildings free of cost by the developer on a portion of the land. The remaining area will be exploited by the builder to recover costs and make profits.

But local MLA Praveen Darekar alleged that the builder included its own name in the property card and mortgaged the land to private banks despite Mhada being the owner.

In June, the deputy registrar of cooperatives said that only eight of the 80 societies held general body meetings to approve the redevelopment. Another 20 societies held these meetings, but did not have the redevelopment issue on their agenda. Video shooting of these meetings, which is mandatory while approving redevelopment projects, was also not done. However, the developer filed an appeal and procured a stay against the deputy registrar's report from state cooperatives minister Harshvardhan Patil in July last. The builder said it had already paid a Rs 200 crore premium to Mhada and another Rs 150 crore towards rent for residents, who will be moved out of their old houses during redevelopment.

Mhada's six-member committee, headed by chief officer Niranjan Sudhansu, will ascertain how many societies have given their consent to the developer. The Mumbai Board of Mhada, before granting NOC, failed to demarcate the land for redevelopment. The committee will now consider and decide how much area will be demarcated for the project.

S D Corporation's reaction

* All societies part of the Samata Nagar Co-operative Housing Union have given their consent towards redevelopment

* Nine societies resigned from the federation and opted out; however the court found these resignations to be unlawful and stayed them

* These societies have entered into consent terms with us as developers in court and have now rejoined the development

* Denied that Mhada objected to the builder's name on the property card

* Have complied with all NOC conditions.

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