Girgaum and Parel in Mumbai to have High Rises

A high power committee for cluster redevelopment has given the green signal for projects in Parel and Girgaum under which low-rises would be razed and high rises would come up in their place. Nish Developers has received approval for one project and Shreepati Group is the other one. The committee approved the projects and will submit these to the government for approval under DCR 33(9) under which buildings in an area less than one acre are redeveloped, a higher vertical limit is permissible.

The builders will rehabilitate present occupants and will make a profit by disposing off from 60 to 80% of the area.

Nish Developers will rehouse 735 tenants from Amarwadi, Pimpalwadi and Sukhanand Chawl in flats with a minimum of 300 sq. ft area. The developer will dispose off the flats in two 50-storey towers. Similarly, Shreepati Group will pull down single storey and four storey buildings and build towers from 15 to 45 storeys high. In the New Islam Mill Compound in parel, the developers will construct 22 to 50 storey structures on 26321 sq. mtrs of land. The mill has been lying defunct since 74 years. 650 families occupy apartments with a single toilet and they will be rehouses in the high-rise towers. Some flats in both projects will be reserved for public housing.

and fine tune offers, according to Ajay Raj, marketing officer. The two and three bedroom apartments cost between Rs. 24 to Rs. 72 lakhs. The feedback would help the Group develop projects that would attract the Malyali diaspora from around the world. The Group, already active in hospitality, aviation, entertainment and healthcare besides being the owner of the largest hotel chain in Bangalore seems to be breaking out on an upward trend.

The Confident Group is also in the news as being the Official Sponsor of the West Indies Team for the ICC Champions Trophy in England in June 2013 and the ICC World Twenty20 to be held in Bangladesh in 2014.

:place w:st="on">India by the end of 2015.

A project by the group in Siliguri costing about Rs. 200 crores is also on the cards with possession expected to be given to buyers by the end of this year.