Take a dip after sweating it out
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Take a dip after sweating it out

In a recent tender notice issued, the MMRDA has invited bids from private developers to develop the plot, reports Madhurima Nandy.

india Updated: Feb 16, 2007 01:10 IST

If you work in the business district of Bandra-Kurla Complex (BKC) or stay close by, you could soon hop into a swanky clubhouse, work out in a gym or even go for a swim nearby. An acre-and-a-half sized plot has been put up for development in BKC exclusively for sports and leisure activities.

In a recent tender notice issued, the Mumbai Metropolitan Region Development Authority (MMRDA) has invited bids from private developers to develop the plot.

Besides constructing a clubhouse and a gym (measuring 6,402 square metres) of international standards, there will also be a parking area with a capacity of at least 2,000 cars and a garden above it. The building norms in BKC allow for an FSI (floor space index) utilisation of 2.5.

Officials in the town and country planning division of the MMRDA said the plot was a part of the layout plan of BKC, which is reserved for recreational purposes. The parking lot, officials said, was necessary due to the inadequate parking space in BKC.

"The entire recreational area will be open to the public on a 'pay and use' basis. The plot will be given on a lease for 80 years to the successful bidder who can appoint an architect of his choice to design the project," said Joint Project Director Dilip Kawathkar.

The bidder also has to manage and maintain the clubhouse during the period. The last auction of land in BKC took place in January 2006 when Mukesh Ambani's Reliance Industries Limited (RIL) paid a whopping Rs 1,104 crore for a 18.5-acre plot. The saleable component in the auction went at a rate of Rs 18,100 per FSI sq ft - almost

Rs 620 crore above the reserved price.

The bids are to be opened on March 23.

Email Madhurima Nandy:madhurima.nandy@hindustantimes.com

First Published: Feb 16, 2007 01:10 IST