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HindustanTimes Tue,23 Sep 2014

Residents scrap old deal, look for new developers for 32-acre plot

Naresh Kamath, Hindustan Times  Mumbai, December 20, 2012
First Published: 02:40 IST(20/12/2012) | Last Updated: 02:42 IST(20/12/2012)

Residents of the sprawling 32-acre Abhyudaya Nagar at Kalachowkie scored a victory of sorts by getting an ambitious redevelopment plan by three major city builders scrapped.

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The reason for the scrapping, they said, was that even two years after the plan was floated nothing had been done about it. They said they would now look at proposals by other developers.

The three builders – Shreepati-DB Realty Group, Housing Development and Infrastructure Limited (HDIL) and Damji Shamji Shah Group – had been shortlisted for the project in 2010. They promised 750 square feet flats each, free maintenance and parking as well as modern amenities like clubhouses and so on.

Mhada had constructed Abhudaya Nagar in 1957 for industrial workers with 210-sq-feet flats across 47 buildings. 

The residents had appointed Ms Shilp Associates as Project Management Consultants to advise them on the revamp. Dilip Shinde, an advisor to the federation, said, “We want to ensure the entire procedure is conducted systematically with the residents taken into confidence.”

The three builders are unhappy with the residents’ decision and blamed the federation for the scrapping. “They wasted our time,” said Rajendra Chaturvedi, chairman, Shreepati Developers.


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