‘Adarsh built at cost of Rs 62 cr’ | mumbai | Hindustan Times
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‘Adarsh built at cost of Rs 62 cr’

mumbai Updated: Sep 08, 2011 01:15 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Kanhaiyalal Gidwani, one of the main promoters of the Adarsh Housing Society, on Wednesday, revealed that the cost of constructing the society, including the money paid for the land, was Rs 62.37 crore.

In his deposition before the two-member Adarsh Inquiry Commission, the former MLC claimed that the cost of the project — inclusive of cost of construction, consultants' fees, government charges, miscellaneous expense and administrative expenses — was Rs50.05 crores. Another Rs12.32 cr were paid towards land cost to the Collector, Gidwani claimed. The construction cost of the project was Rs1,869 per sq ft for the building and Rs1,001 per sq ft for the podium area.

The society was initially granted a Floor Space Index (FSI) of 1.33, which allowed it to develop 92,970 sq ft of area. Gidwani said the society could accommodate 75 flats of 612 sq ft in 45,900 sq ft of space, while the remaining 23 flats of 1,031 sq ft could be accommodated in 23,713 sq ft. Nearly 23,357 sq ft of space was still available for construction, he added.

In his earlier deposition, Gidwani claimed to have written a letter on February 11, 2005 to the principal secretary, Revenue and Forests Department, where he had indicated that the society was proposing to utilise 7,534 sq ft of space for commercial purposes. Gidwani also claimed that the responsibility of getting additional FSI from the government was entrusted solely upon him by society members.

On Tuesday, Gidwani accepted that the society had not complied with certain regulations over allotment of land and extra FSI to the society. When questioned further, Gidwani stated that he did not deal with these matters. “So far as the deficiencies and compliance pointed out, the entire matter was being dealt with by the secretary RC Thakur and Team One Architects, the architect of the society,” Gidwani said.

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