By Accommodation Times News Service
The project is being executed by the Saifee Burhani Upliftment Trust and is estimated to cost Rs 4,000 crore
The city’s most ambitious cluster redevelopment project the Bhendi Bazaar makeover will take at least 8-10 years to be completed, said chief minister Devendra Fadnavis.
The project is being executed by the Saifee Burhani Upliftment Trust (SBUT) and is estimated to cost Rs 4,000crore. In a written reply to the legislative council, Fadnavis said the project is spread over 65,880.4 sq m, which includes 280 plots that house 245 buildings. In all there are 3,200 residential tenements and 1,250 shops.
Fadnavis said the master plan for the project was approved by the BMC in January 2015. The project has been divided into nine clusters and work has already begun in two clusters.
Abbas Master, chief executive officer of SBUT, said work has begun on clusters one and three that face JJ flyover. He said the trust on its own has begun the work of excavation and piling. “We are currently in the process of appointing the main contractor for executing the project,” he said.
“Of the 3,200 residential tenants we have shifted 1,700 to transit camps and on rental basis. Similarly, 450 of the commercial units have been shifted. This is a brown field project spread across 16.5 acres and has to be done in phases. We will bring back those who are in transit buildings once the buildings are ready and then shift the others out and begin work on the next clusters. We are planning to construct 17 towers,” he said. The detailed plans will also be approved by the BMC in phases.