Bangalore How often does a developer get all the regulatory approvals for blockbuster projects and then decides not to implement them? Quite unheard of, actually. But that’s exactly what’s happening around Metro’s Swastik station in Malleswaram. Mantri Developers has submitted proposals and got approvals to build two large complexes on land that was originally notified for acquisition by the BMRC for the Metro project in Malleswaram. Now under Public-Private Partnership (PPP) that Mantri group has entered into with BMRCL, a metro station is being built at the site along with a residential tower of 34 floors and commercial tower of 18 floors. Both these buildings will have three basements each. On this five acre plot, the metro station will come up on two acres of land. Mantri’s been allowed to build these projects in lieu of the land given to the Metro. Approval for these towers has been granted by BBMP as well as the fire department. However Sushil Mantri, chairman and managing director of Mantri Developers told TOI: “We have no other plans apart from the Metro station right now.” The twin projects have aroused a lot of interest among residents in Malleswaram as the traffic situation in the vicinity of the project has been exacerbated by the opening of the hugely popular Mantri Mall. In fact, next to the mall, there’s already another Mantri residential project. According to BBMP, the project proposal was approved when Bharat Lal Meena was the commissioner. When contacted, Meena confirmed saying, “Yes. A part building approval was given for the complex. But, that was in accordance with the permissible FAR and also depending on the road width.’’ Fire force director (technical) B G Chengappa said that the department had cleared the project. “There are three buildings in it. The commercial tower will stand 18 floors above the ground floor, the residential building will have 34 floors above the ground floor. Both the buildings will have three basements each and a ground floor. While the commercial tower is 79.45 meters, the residential complex will measure 112.95 meters,’’ he said. This makes Mr Mantri’s comments to TOI that he’s not developing these two projects even more intriguing. The other party involved, BMRC MD N Sivasailam made it very clear to TOI: “BMRC is involved only in the station. This also includes the commercial complex above the station platform and the alternate road arrangement for traffic management that’s being taken up by the BBMP. This is less than two acre of the total five acre land. The other complexes, if any will not come under our purview. That land is not ours so how can we have a say in it?’’ The project needs clearance from Karnataka State Pollution Control Board. Its chairman Sadashivaiah said that it had not come to them yet. “All the railway projects are out of our purview. However, the other two buildings have to get clearance from us,’’ he added. As local residents are concerned about the traffic congestion of the projects, TOI spoke to additional commissioner of police (traffic), Praveen Sood. He was not aware of these developments. “I am hearing it for the first time. If such a plan comes up, those developing the project will have to show supporting plans to ensure smooth flow of traffic,’’ he added. What the project is all about Two complexes (a commercial and a residential ) are being built by Mantri as a result to having given 2-acres of land for the metro station in Malleswaram. The remaining threeacre parcel left-over within 150 m from the station boundary has earned the builders 4 times Floor Area ratio (FAR) as per the government order (GO). This, adds upto approx. 51 floors or 10-12 lakh sq ft built up area. The PPP agreement available on BMRCL’s website makes it very clear that “the available FAR after the construction of the tower shall be utilized by the concessionaire exclusively on its land for an integrated development as per the scheme.’’ People Side Lack of clarity on the proposed developments has worried residents of Malleshwaram. “Nobody is giving us clear answers. We have approached almost all concerned agencies,’’ Anand Sirur, president of Malleswaram Swabhimana initiative told TOI. ABIDe’s convenor and MP (Rajya Sabha) Rajeev Chandrasekhar said, “A number of Malleswaram residents have met me and conveyed their worries, concerns, anguish and frustration at the ‘transformation’ of their neighbourhood – a transformation that’s not just altering their neighbourhood but also bringing in commercial development and all its consequent issues of traffic, law and order, sanitation with no solutions or plans for any of that. I have promised my support to them in asking the government to seek out citizen views in any transformation of a neighbourhood and have citizens agree to such transformation before its permitted. I have also urged them to reach out to their local MLA and corporators and brief them and seek their support in approaching the CM.” Source: http://content.magicbricks.com/builder-shelves-twin-projects?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+india-real-estate+%28Magicbricks+Property+Pulse%29 Filed under: Bangalore , Builders/ Developers , New projects Tagged: Bangalore , Mantri Developers
[via India Real Estate Tracker]
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