PCMC drive reduced Rs 120 cr to dust

by Paul Joseph on February 11, 2013 · 0 comments

In eight months, the Pimpri Chinchwad Municipal Corporation (PCMC) demolished 8 lakh square feet of construction, which in terms of present cost of construction means that the bulldozers flattened buildings worth Rs 120 crore. After a decision on Friday that illegal structures would be regularised, many citizens feel that the loss the drive caused, and the associated anguish, pain and tension, was avoidable. “The current construction cost is Rs 1,500 per square feet. If 8 lakh square feet of construction has been demolished, Rs 120 crore has gone down the drain,” said builder Atul Goel. All the demolished buildings had come up after March 31, 2012. Highrise buildings scaling up

[via India Properties – Real Estate India – Indian Property News Site]

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