PROJECTIONS

-

 KAILAS CHHAYA CO-OPERATIVE HOUSING SOCIETY LTD

REDEVELOPMENT PROJECT REPORT 1.4.2022

Area of Plot

 

 

661.40 m

Road Width

 

 

12.5m

Basic Zonal FSI

 

1

661.40m

Additional FSI on Premium

 

0.5

330.7m

TDR

 

0.7

462.98m

Total

 

2.2

1455.08m

Fungible for members free

From Premium

 

35%

509.29m

Total

 

2.97

1964.37m

Additional FSI u/r 33(7)(B)(1)

 

10 m Per Tenament

140.00m

Total constructible built up area

 

 

2104.37m

Members FSI=661.40+231.50(35% of 661.40)+140.00

 

 

1032.90m

Saleable for Developers

 

 

1071.47m

Total BUA

 

 

2104.37 m

Cost of Project

 

 

 

Cost of construction of 2104.37 m x10.764x3000

 

 

67954316

TDR 462.98 x 4000x10.764

 

 

19934067

Premium FSI 330.70  x0 .5 x65480(ASR for Land for CTS 4735 Is Rs 65480. 00 for 2021.22

Additional   premium FSI out of  35% Additional 509.29-231.50=277.79 available to developers Cost = 277.79 x0.5x65480

 

 

10827118

9094845

Development Charges:

 

 

 

Scrutiny Fees

148777

 

 

IOD

22651

 

 

Debris Removal Deposit

45000

 

 

Labour Welfare Cess

578696

 

 

Development Charges

5944748

 

 

TDR Utilisation Scrutiny

27309

 

 

Infrastructure Improvement Charges

69432

6836663

 

Fire

265000

 

 

Traffic

11320

 

 

Hydraulic

13280

 

 

Sewerage

312720

 

 

Storm Water

9921

612241

7448904

Rent to present members for 3 years 7119 x 80 x36

 

20502720

 

Corpus Rs 1000 x 7119

 

7119000

 

Shifting

 

280000

 

Brokerage

 

569520

28471240

Interest 70000000 x 15%x3 years

 

 

31500000

Open Space Concession Premium

 

 

20000000

Administration Expenses

 

10000000

 

Architect Fees and Structural Engineers 5 % of 67953670

 

3397685

44897685

Total Cost

 

 

208628175

Sale Proceeds 1071.45 x 10.764 x 32000x 0.80

 

 

295247047

Net Surplus

 

 

86618872

 

Hence Individual Flats Entitlement

 

Flat No

Rateable

Area

Entitlement

M

Entitlement

In Ft

1

41.35

75.37886

 

811.378

2

41.82

76.23564

 

820.6005

3

40.89

74.5403

 

802.3518

4

25.09

45.73774

 

 

492.321

5

                45.07

82.16022

 

884.3726

6

46

83.85556

902.6213

7

45.07

82.16022

 

884.3726

8

28.45

51.86284

558.2516

9

45.07

82.16022

 

884.3726

10

46

83.85556

902.6213

11

45.07

82.16022

 

884.3726

12

28.45

51.86284

558.2516

13

53.9

98.25684

1057.637

14

34.38

62.67292

674.6113

 

566.61

1032.90

11118.1356

 

FSI

 

 

33.(3)Fungible Compensatory Area:

Notwithstanding anything contained in the D.C.Regulations 30, 32 & 33, the

Commissioner may, by special permission, permit fungible compensatory area,

not exceeding 35% for residential/Industrial/Commercial development, over

and above admissible FSI/BUA, by charging a premium at the rate of 50% for

Residential and 60% for Industrial and Commercial development of ASR (for FSI

1),which is to be shared between MCGM, State Govt. and MSRDC (for Sea Link)

in 50%, 30% and 20% respectively.

In case of redevelopment under regulation 33(5), 33(6) & 33(7)(B) of the

Regulation the fungible compensatory FSI area admissible on existing BUA shall

be granted without charging premium.

33(7)(B) Additional FSI for Redevelopment of existing residential housing

societies excluding buildings covered under regulation 33(7) and

33(7)(A):

1) In case of redevelopment of existing residential housing societies

excluding buildings covered under regulation 33(7) and 33(7)(A)

proposed by Housing societies/land lords or through their

proponents where existing members are proposed to be reaccommodated

on the same plot, incentive additional BUA to the

extent of 15% of existing BUA or 10 sq. m per tenement whichever is

more shall be permissible without premium.

 

 

31(3)Provided further that such fungible compensatory area for rehabilitation

component shall not be used for free sale component and may be used to give

additional area over and above eligible area to the existing

tenants/occupants.Fungible compensatory area admissible to one

rehabilitation tenement cannot be utilized for another rehabilitation tenement

 

 

 

 

 

If self redevelopment is considered then Every member will get 2104.37/ 661.40 three time the present area of present occupied area. The cost of construction Rs 150000000 will be financed by sale of 5000 sq of flats 465 meters and still we all get 2.5 times the area.

  

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