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ardeo is all set to see the construction of a 100-storey tower - slated to be the tallest in the city - as part of a redevelopment project opposite Bhatia Hospital. The first 10 floors of the 325-metre tall building will be reserved for parking.

The Building Proposals Department of the Brihanmumbai Municipal Corporation (BMC) recently received a proposal for cluster development of the 12,202.44 square metre area, which now has chawls, the Income Tax Office building, the Matru Mandir complex and a few other structures. Besides the 100-storey tower, it will house five 25-storey towers and a 55-storey tower.

“We have received a proposal for the project, and forwarded it to the high-power committee of the Urban Land Ceiling Department. Once the committee approves, it will come back to us for further procedure,” confirmed Ashok Shintre, Chief Engineer, Development Plan department of the BMC.

The seven buildings under the project will have parking space for 1,600 cars. The developer will hand over parking space for 800 cars to the BMC free of cost for public use. The developer will also have to hand over 2,000 square metres of the plot to the BMC for a mandatory recreation ground.

The project will enjoy a Floor Space Index (FSI) of 4, under Section 33(9) of the Development Control Rules. “We encourage cluster development to phase out as many old buildings as we can. This project will get the benefit of maximum FSI under the rules,” Shintre said.

Construction work is due to start within a year. The first five towers will accommodate the 241 occupants of the existing chawls, and also have tenements for project-affected persons (PAP) of BMC and the Maharashtra Housing Area Development Authority (MHADA). More than 180 occupants of the existing 25-storey tower will be housed in the highest tower, sources said.

“While chawl occupants will be given 300 sq. ft carpet area homes, residents of the 25-storey tower will get 10 per cent more than the area of their existing flats or 1,000 sq. ft, whichever is more. We will also create a corpus fund, the interest on which will take care of maintenance of the towers in future,” said a member of Tropical Realtors Private Limited, the developers undertaking the project.

“The saleable towers will have all modern amenities including swimming pools and gymnasium. Most of the flats will be of approximately 2,500 sq.ft. area. There will be many terrace flats,” said Arun Dube, architect of the project.

Courtesy : Mumbai Mirror