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Thursday, December 01, 2011
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Redevelopment Plot for Joint Venture

Lower Parel, Mumbai.

408 SQ.MTR.     : PURCHASED
376 SQ.MTR.   
382 SQ.MTR.     : YET TO PURCHASE
1440.64 SQ.MTR. :PURCHASED
390 SQ.MTR.     : B.M.C.

Total Area      : 2996.64 SQ.MTR



JOINT VENTURE PROPOSAL RATIO 70% DEVELOPER & 30% OWNER DEPOSIT 17 CR.

AS PER NORMS

TENANT 226 X 360 SQ.FT. : 81360 SQ.FT.

AS PER 70% INCENTIVE CALCULATION : 57000 SQ.FT. --BUILTUP AREA FOR SALE

LOADING : 34171 SQ.FT. -- 60% LOADING

SALEABLE AREA : 91171 SQ.FT


EXPENSES

LAND COST : 150000000

CONSTRUCTION COST (FOR REHAB) : 81360 SQ.FT. X RS. 1500/- = 122040000

CONSTRUCTION COST (FOR SALE) : 57000 SQ.FT. X RS.2000/- = 114000000

B.M.C./MHADA FEES TO ARCH./ADV. : 100000000

CORPUS FUND : 22600000

RENT 3 YEARS RS. 15000 ROOM PER MONTH : 122040000

MISC. : 10000000

TOTAL EXPENSES     = 640680000


(SAY RS. 650000000)
SALE AREA       

20% COMERCIAL : 18234 SQ.FT. X RS. 40000/- = 729360000

80% RESIDENTIAL : 72937 SQ.FT. X RS. 18000 = 1312866000

TOTAL SALE VALUE = 2042226000



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