Lower Parel, 2996 SQ.MTR. Joint Venture Plot / Land at Lower Parel, Mumbai.

Joint Venture Plot / Land at Lower Parel

Lower Parel, Mumbai.

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

Plot area : 2996.64 SQ.MTR.

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

AS PER NORMS   
   
TENANT : 226 X 360 SQ.FT. = 81360 SQ.FT.    REHAB
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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