More takers for new policy,10 more proposals screened

The committee had earlier screened three proposals at Girgaum,Parel and Bhendi Bazaar.

Under the cluster policy,a developer who takes up demolition and reconstruction of the pre-1960 buildings in a minimum area of 1 acre (4,000 sq m) in the city will be allowed very high vertical limit. He will also get an incentive area for sale in the range of 55 to 80 per cent of the area used for rehabilitating the tenants.

Municipal commissioner Jairaj Phatak who heads the committee has asked developers to make provision for public parking in addition to the private parking space proposed in their projects.

The commissioner,in consultation with the traffic department,has asked the developers to modify their proposals so as to make space for public parking for at least 100 cars in each project. Such developers can,under the BMC’s newly-amended DCR 33/24,avail themselves of an extra floor space index (FSI). This incentive FSI will be equal to 50 per cent of what the developer constructs and hands over to the BMC for the purpose of public parking.

The latest proposals include phase II of Shreepati Developers’ Pimpalwadi project at Girgaum and a project at Parel and Lower Parel each. The Bhattad Group has submitted five proposals,totalling 20.50 acres of land in Bhuleshwar,Girgaum and Sewri areas. Around 3,000 families residing in these pockets will be rehoused in 20-storeyed highrises,while the developer will construct 60-storey towers as his profit component. The developer is the landlord in four of the group’s projects.

“We will try to incorporate the commissioner’s suggestion on public car parking,wherever possible. Already at our Sewri project,we have decided to construct 5 lakh sq ft of public car park on an adjoining mill plot in addition to the private parking for 3,000 cars within the project,” said company director BR Bhattad,who is also the executive president of Property Owners Association. The projects by Ratansi Architects and Neelkamal Realtors are at Masgaon and Mahalaxmi respectively.