Failing to redevelop Andheri slum project for two decades, SRA terminates deal

470782-462673-slums

By Accommodation Times Bureau

Failing to kickstart it’s redevelopment project for almost two decades The Slum Rehabilitation Authority (SRA) has terminated permission given to developer K S Chamankar enterprises to redevelop a sprawling slum property on the Andheri regional transport office plot.

The PWD awarded Chamankar, a little-known contractor, the contract to build a new Maharashtra Sadan guest house in Delhi without inviting tenders in 2007. The agreement stipulated that Chamankar build three public buildings (including Maharashtra Sadan) at an estimated cost of a few hundred crores and hand them over to the state government.Chamankar was compensated by being awarded slum development rights of the Andheri RTO, which would have fetched the developer more than Rs 4,000 crore. The SRA had sanctioned 8.57 lakh sq ft of sale floor space index (FSI) to the developer.

“Although the Andheri land is costliest and prime real estate, the developers did not show much interest.“The SRA sanctioned around 8 lakh sq ft of FSI, which is like a goldmine, but the developer failed miserably in fulfilling the task of rehabilitation of slum-dwellers,’’ said the order.’’ said the order.





Similar Articles

Leave a Reply

Top