Vahatuk Nagar, a society spread over 11022.70 sq mt, that is 2.72 acres of prime land in Andheri West, is now up for redevelopment. This week they came out with a notice for redevelopment, inviting bids from reputed developers. When redeveloped it would be amongst one of the biggest in western suburbs.
Pravin Desai, Chairman, Vahatuk Nagar Co-operative housing society said, "More than 50 per cent of the total residents were from the traffic police department. And of the remaining around 30 per cent worked in Mantralaya. It was private land and everything was done by society and we got possession in 1984."
However, the ten plots on which the buildings stand accommodating a total of 242 residents and five shops, have become structurally weak and the society after carrying out a structural audit decided that it will go for redevelopment.
Desai says, "The buildings have been more than 30-years-old and we as per the BMC requirements carried out a structural audit and later appointed a Project Management Consultancy and have now floated a tender and are looking for redevelopment via a reputed developer."
Though the real estate market isn't in very good shape, they are hopeful that they will get a good response for the redevelopment bids that the society has invited.
Of the ten plots, eight plots are already conveyed in favour of society and conveyance of the remaining two plots is in process. The plot is accessible from a 6-meter road and another 12.2-meter road. The society accommodating total 247 (242 residential and five commercial) have consumed 92,460 sq ft of carpet area.
The firm has appointed Solicis Lex and Associates as their legal advisors for the redevelopment. This is the same firm that is taking care of one of the biggest redevelopment in the city – Abhudaya Nagar in Central Mumbai.
Redevelopment of old buildings is an uphill task. There are more than 20,000 buildings both in the city and suburbs which need urgent redevelopment.
HOUSING FOR 30 YS
- The ten plots on which the buildings stand accommodating 242 residents and five shops, have become structurally weak
- After an audit, a consultancy firm was appointed and now a tender is floated
