In a recent move, the Pune Municipal Corporation (PMC) has stated that the floor space index (FSI) would remain unchanged for old properties in the city that are being redeveloped and that no additional FSI would be allocated for the same. The real estate developers, however, say it is uneconomical to redevelop these old and dilapidated properties with the existing FSI. Ranjit Naiknavare, Director, Naiknavare Developers, says, “Unlike Mumbai, where the state government is clear about giving additional FSI for redevelopment of old structures, Pune has no such policy.” He further observes that the need is to look at it from a positive point of view as it's not a slum development plan, besides the individuals staying in a property have paid and are legitimate owners. “There should be some incentive for stakeholders, including the residents.There would be no additional benefit for a developer to undertake redevelopment. A developer is not short-sighted enough to buy TDR and then reconstruct, besides making arrangement for temporary settlement of residents for a minimum period of at least two years while they undertake redevelopment activity. There is no merit in doing this unless additional FSI is given. This is, however, a commercial issue,” he says. In a similar vein, Atul Goel, MD, Goel Ganga Group, says,”Redevelopment is a very tedious, troublesome procedure, unlike ordinary development. It involves taking a bunch of people with you, carrying them together before the redevelopment takes place. So, it's a humungous task. So just like Slum Rehabilitation Authority (SRA) project, if there is some incentive then redevelopment holds meaning.” Of late, there have been talks that the rules for FSI in old city areas should be flexible enough to do justice to local peculiarities as the density of population in gaothan areas of the city has rendered redevelopment of properties. Naiknavare says, “In a (redevelopment) policy in Mumbai, one of the preconditions is that 2/3rd or 70 per cent of the members must agree to undertaking of redevelopment process. However, in the context of Pune, that policy is not being implemented, which means a developer has to seek 100 per cent permission from members of a structure to be redeveloped. Now, this a stumbling block as what should happen in a case where the property owner is staying overseas? The government, however, is aware, but it all depends on how it feels about the need to decentralise existing structures or buildings in the city centre are not under threat. “Mumbai is an older city and there are several dilapidated and decrepit structures that pose a threat to human life and limb, so the government took a call. It would be short-sighted on the part of the government to not consider several areas in the old or original Pune, such as Shaniwar Peth that has old wadas or dilapidated structures that redevelopment is not necessary.” Similarly, Kruti Jain, Director, Kumar Urban Development Ltd, points out that this is a retrograde step. “This will not help the urban development process. Allowing redevelopment of dilapidated buildings with concessions like extra FSI is a must.” Already some organisations have demanded additional FSI for redevelopment. Justifying the need for sanctioning additional FSI to developers for housing schemes for low-income groups, these organisations have stated that additional FSI has been granted to slum redevelopment schemes as well as banks and for the IT industries. Kumar Gera, Chairman and MD, Gera Developments, says, “In the case of Pune, the decision is based on the fact that not many dangerous structures exist as in the case of Mumbai. However, a sound decision can be arrived at only if a proper statistics report has been formulated about various old structures in Pune. There are many issues involved in this, such as old tenants' issues and rates get mixed up with redevelopment. Whatever it may be, a holistic manner needs to be adopted so that various stakeholders involved in redevelopment get a fair deal.” In addition to this, a further decision has been taken that the new development control (DC) rules for redevelopment could be incorporated in the new development plan (DP) of the old city. “I fail to understand why there is such a conservative view on redevelopment. I do hope government takes a practical call on this,” Goel says. Endorsing similar views, Naiknavare says, “I hope some wisdom would prevail and the administration realises that at least in areas where redevelopment is actually required it initiates requisite policies.” Jain is, meanwhile, of the view that the PMC must rethink its decision and permit extra FSI so that developers will come forward and participate in the process of redevelopment. QUICK BYTES ACCORDING TO DEVELOPERS, REDEVELOPMENT HOLDS MEANING PROVIDED THERE IS SOME INCENTIVE FOR THEM TO UNDERTAKE SUCH A PROJECT THE PMC MUST RETHINK ITS DECISION AND PERMIT EXTRA FSI SO THAT DEVELOPERS WILL COME FORWARD AND PARTICIPATE IN THE PROCESS OF REDEVELOPMENT, SAY DEVELOPERS
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Trainings provide a child with the required discipline when working within teams as well as gives one the chance to follow what makes you happy. It also enables an overall development!
Dance has been my passion since I was a child and I have been thrilled to see both my little ones have this in their genes too.
This opportunity really came to my doorstep through Gera. My daughters Lavanya and Diya have had an enthralling experience being a part of not just one but three Academies (The Shiamak Davar Dan..
I cannot thank you enough for making our journey with Gera so so interesting and mind-blowing. I had never ever imagined my life taking a beautiful turn with me beginning to start my career as a music teacher that too with SMA (Shankar Mahadevan Academy) and all this has been possible only because of GERA and YOU my dear.
It is only because of your efforts and kind gesture that I could meet the man himself (Shankar Ji) and have a small recording session with him. That was like a dream come true.
I am super excited to start my journey with SMA and Gera as a teacher now.
Apart from that, Me and Prateek have always been grateful to you for making Shiamak happen for us and I ..
It was indeed a pleasure being a part of the Christmas celebrations at Astoria. Kudos to the Gera team for bringing in such a wonderful event with great carol singing participation from our own kids. It brought in the spirit of Christmas and the games, Santa, the gifts only added to it. Thanks for organising such a wonderful event which helped in community building...looking forward to many more such celebrations!..
The Christmas event organised at Astoria was a big success and a big step in bridging the gap between us and Gera. It was a memorable event as we are still in the beginning of our journey of life in our little home at Astoria. The kids have been the happiest of all and what more can we ask for when we see smiles on the faces of our little ones. Kudos to you and your team for making this event a huge success! Looking forward to many more in the years to come...
The Christmas party organised by Gera at Astoria this year was a great success with good participation from kids and parents. Our children Sia and Saish enjoyed the party to the fullest. Sia, in particular, had a gala time and reiterated her stand that Anita aunty's parties are THE BEST.... We as your customers take much pride in informing our friends that such goodwill gestures are one of the many differentiators Gera brings to us, which no other builder in Goa can boast of. Many thanks to you and your team for doing an excellent job in putting up this event. We look forward to the next one! A big thanks to the Gera Management for its efforts in community building...