KAILAS CHHAYA CO-OPERATIVE HOUSING SOCIETY LTD.
(Regn.No. BOMBAY/HOUSING-720 OF 1964)
Plot No. 24. Rajawadi Road No. 3, Ghatkopar(E), Mumbai 400 077
Dated 18.12.2010
Dear Sir,
We are pleased to receive your response to advertisement for redevelopment of the Society Building.
Details of the same are as under:
A. Area Occupied proportion to the FSI One Plot area:
Flat No Present Area Terrace Area
1] 514
2] 533
3] 500
4] 357
5] 572
6] 590
7] 553
8] 401
9] 564
10] 583
11] 554
12] 392
13] 614 610
14] 392 400
Total 7119
Garage No 1 free of FSI 300
Garage No 2 free of FSI 300
Garage No 3 free of FSI 300
PLOT DESCRIPTION:
The Plot is located in the prime location of Rajawadi opposite lush green award winner Rajawadi Garden.
The Property Card dt 1.11.2010 is without any encumbrances is directly in the name of the Society.
Land and Building is duly conveyed to the Society by the builder by registered conveyance deed.
There is no extra construction beyond permissible by BMC
Survey No of the land is 4735 Kirol Ghatkopar.
At present FSI one plus TDR one is available to be loaded on the building.
The building can be constructed even upto 14 floors.
However, the development can also be completed using full FSI and TDR by constructing only seven floors.
THE EXPECTATION OF, SUBJECT TO NEGOTIATION, THE MEMBERS ARE AS FOLLOWS:
Corpus Fund Rs 900/- or more per square feet of the presently occupied area.
Additional Carpet area using FSI /TDR from 15 % to 20% including balcony
( the present occupied area shown is including balcony area) .
Niche , Flower bed etc 20 % to 25 %.
Monthly rent for alternative accommodation Rs 50/- to Rs 65/- per 600 sq ft carpet fixed for one BHK and per 400 sq ft fixed for one room kitchen flats.
Rs 10,000/- transportation to and fro each for shifting .
One months brokerage for procuring alternative accommodation.
.
DRAFT LETTER OF OFFER SHOWING FINANCIAL TERMS AND EXPERIENCE OF DEVELOPERS
“To,
Mr Narendra Amritlal Sonpal
The Hon. Secretary,
Kailas Chhaya Co-operative Housing Society Ltd
Flat No 10, Kailas Chhaya,
Plot No 24,
3 rd Rajawadi Road,
Ghatkopar(East),
Mumbai 400077
Sub:Offer for Redevelopment of the building of the Society on Plot No 24, City Survey No 4735 Ghatkopar Kirol Taluka admeasuring 661.40 sq meters.
We are pleased to learn that your Society is proposes to redevelop the building after demolition of the present structure of the building.
We are in the field of construction of the buildings and are therefore offer our best financial quotation for the redevelopment of your building as under.
Total area of the Plot 661.40 equivalent to 7119.31 sq ft
Available FSI 7119.31 sq ft
Add:Area offered on consumption of FSI
to the Society’s members for self
occupation addl.…… % on 7119.31 sq ft
-------------------------
Total : Area to be given free
of monetary consideration duly
constructed with all modern
Amenities sq ft
Additional Flower Bed, Nich Area
free of FSI %………. of 7119.31 sq ft
-----------------------------
Total Area sq ft
We will load TDR 7119.31 sq ft
Rent:
Rs /- per sq ft @ minimum 600 Sq ft
for flat with one BHK and 400 sq ft
for one HK flat of carpet area per flat
will be given as rent per month for
alternative accommodation during
construction.
Brokerage
Rs ……….. per sq ft as above will be paid
as brokerage
Shifting Charges
Rs……….. will be paid for to and fro
shifting
Corpus Fund:
Rs ………/- per sq ft shall be paid as
corpus money directly to each
member
BROAD TERMS OF THE OFFER
LOCATION OF FLATS
The members occupying flats in front shall be provided flat on front side only in redeveloped building.
COMPLETION OF THE PROJECT:
IOD and CC to be obtained within six months of the execution of development agreement.
To vacate and hand over the possession of the vacant flats within two months of the notice to vacate.
Notice to vacate to be issued within a week from obtaining IOD and CC.
Building to be completed to the stage of obtaining building completion certificate from the BMC within 24 months with 6 months grace period from the date of handing over the building.
Time will be essence of contract and if the progress of the work is not adhered to as per bar chart, condonation of delay by two month may be granted at society’s discretion for genuine reasons, and failing which the contract shall stand terminated and society shall be deemed to have taken possession of the land and buildings thereon and shall be at liberty invoke bank guarantee. This terms can be relaxed mutually by negotiations and confidence. The Developers shall have no right over the land of the society and the entry on the land for development by the developers shall be that of a licencee. In short, adherence to the time schedule is core and essential condition. It will be the society’s responsibility to obtain vacant flats and NOC from each members.
FINANCIAL QUALIFICATION:
The developer shall endevour to satisfy the Society of his financial capabilities by
showing last three years balance sheet, and profit and loss account or in any other manner as may be satisfactory to the Society.
TECHNICAL QUALIFICATION:
Satisfactory completion of projects in last three years with details of project undertaken
Date of commencement and date of completion. Society should be offered inspection and visit of the completed project.The offer shall accompany compilation of photographs of the buildings completed to appraise of technical capabilities.
Offer document shall be in format described herein below. The offer shall also accompany a cheque of Rs 1,500/- as scrutiny fee.
PARKING SPACE:
Fifty percent of the mandatory total parking spaces available as BMC shall be earmarked for present members.
PLANS:
Before submitting the plans to the BMC, approval of the individual flats as regards the area offered shall be obtained through society and the builder shall be at liberty to choose the lay out of the flat. Each member having flat of 500 sq ft carpet at present shall be provided two bed room, hall , kitchen flats.
RECREATION AREA:
Swimming pool, club house if desired to be provide shall be in open space or on first floor.
SOCIETY’S OFFICE
Society’s office with attached WC and bathroom will be constructed as per BMC maximum standards, with electrical fittings.
Watchman Cabin with rest room attached shall be provided with attached WC and Bath,
with electrical fittings.
BOREWELL
Two borewells with permission of BMC supplying water by separate line to UG tanks and then to separate OH tanks for water for wc, bath, cleaning, gardening etc will be provided. One UG tank to store water from BMC main lines with separate OH tank for storing water for drinking and cooking purposes shall be provided.
TERRACE FLATS
The present members with terrace flats shall be provided equal area of terraces or the developer shall directly settle with individual member.
GARAGES
Present garages shall be provided stilt parking or will be directly settled by the developers.
BANK GUARANTEE
Rs. 1,75,00,000/- reducing manner to be discharged on completion of building phases.
DOCUMENTATION
The for redevelopment shall be drafted by the Advocate of the Society with mutual settlement. Firstly a MOU will be signed settling broad terms and after obtaining the NOC from all members , agreement for development shall be entered into.
STAMP DUTY AND REGISTRATION
Stamp duty and registration fees for all documents shall be paid by the developers
All above terms are basic financial terms and are negotiable.
For Developers
Partner /Director”
The prospective developers can contact Mr Sonpal 9987527752 and 9820300252 and at Email vinaipal@yahoo.co.uk
FOR KAILAS CHHAYA CO-OPERATIVE HOUSING SOCIETY LTD
Sd/- Sd/-
Chairman/Hon secretary
LEGAL UPDATES