One of the biggest redevelopment projects this year, this agreement will get residents bigger, eco-friendly houses, which will also be maintenance-free for life.
The 200 residents of Sahakar Nagar, also known as Shell Colony-2 in Chembur, signed the Memorandum of Uunderstanding (MoU) with Godrej Properties last week. One of the biggest redevelopment projects this year, this agreement will get residents bigger, eco-friendly houses, which will also be maintenance-free for life.
“This landmark project will change the topography of Chembur and its adjoining areas. We hope other housing societies, which are in dilapidated conditions, take our lead,” a resident said.
This area is spread over two acres of land in Chembur, where most of the houses are baitthi chawls. “We have signed the agreement with the residents and as per the old developmental control rule, the proposal has been submitted to Maharashtra Housing and Development Authority (MHADA) for its approval. This will be biggest redevelopment project in city,” confirmed a source from Godrej Properties.
This colony will be redeveloped in an eco-friendly manner. “There will be rainwater harvesting, recycling of the wasted water, adequate open spaces and solar panels, along with enough corpus funds to make the society maintenance free. We made this arrangement because a lot more money needs to be shelled out for maintenance in high rises, which we cannot afford,” the resident said, adding that the high maintenance costs could also discourage existing residents from staying back.
He also hopes that they do not face any kind of malpractices from the company, as Godrej is a reliable name in the construction industry.
Sahakar Nagar-1, which has 39 buildings spread over 11 acres of land, is currently being developed by Godrej Properties.
“We are now trying to convince Sahakar Nagar-3 to make the same agreement with Godrej,” said Dr Vijay Sangole, advisor to Sahakar Nagar-2 redevelopment committee.
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