Three developers shortlisted for 32-acre Kalachowkie project
Three major developers from among 18 claimants were short-listed, on Sunday, to undertake redevelopment of Abhudaya Nagar Federation’s 32-acre plot at Kalachowkie in central Mumbai.mumbai Updated: Nov 15, 2010 00:53 IST
Three major developers from among 18 claimants were short-listed, on Sunday, to undertake redevelopment of Abhudaya Nagar Federation’s 32-acre plot at Kalachowkie in central Mumbai.
The three developers, Shreepati-D B Realty Group, Housing Development and Infrastructure Limited (HDIL), and Damji Shamji Shah Group, have been chosen on the basis of recommendations made by architect Hafeez Contractor and legal brain Parimal Shroff.
Both Contractor and Shroff who have been appointed by the federation, had devised a selection matrix to determine the financial, technical and other capabilities of the developer and asked all 18 claimants to present their details. “We received complete details from just three developers and, hence, recommended their names,” Contractor said.
Two developers, Vignahartha Developers Private Limited and Star Vision Megacity Limited, were disqualified for delay in submitting information, while the other 13 did not respond.
The three short-listed developers have agreed to provide spacious houses of up to 750 square feet, lifetime free maintenance as well as free parking along with all modern amenities like clubhouses and playgrounds for residents. “We will now study the details of these three developers and grade them after which the residents will take a final call,” Contractor said.
Abhudaya Nagar is one of the largest layouts constructed by the Maharashtra Housing and Area Development Authority in 1957 for the industrial workers. It houses 3,415 tenants. People from the labour classes reside in the 210 square feet houses in 47 buildings.
Speaking to Hindustan Times, Hari Prakash Pande, vice-president, finance and investor relations, HDIL, said the company was competent to execute the project. “We are currently developing 90 million square feet area in the city and have the requisite experience for the job,” Pande said.
Similarly, Rajendra Chaturvedi, chairman and managing director, Shreepati Group, said his group had been working on the project for the last four years. “We have the necessary resources and financial strength to undertake a project of this magnitude,” Chaturvedi said.
Some residents have, however, expressed displeasure over the process. “The residents would have got a much better deal had the federation floated open tenders instead of restricting the developers to just 18,” said Narayan Ghagre, a communist leader, who lives in the society.
First Published: Nov 15, 2010 00:52 IST