Mumbai: With a new builder, hope for Juhu Anamika housing society residents – ET RealEstate

MUMBAI: Residents of Juhu Anamika housing society, stranded since 2010 after the builder demolished their building and then abandoned the redevelopment project, have finally found hope. A new developer, Parinee Group, has taken over the project and recently started construction work on a new 16-storey tower at Gulmohar Cross Road No. 10, JVPD Scheme.

In 2014, TOI had reported on how Kumar Urban Development Pvt Ltd (KUL) had left 20 families of the society in a bind as it halted work after demolishing the building. The developer stopped paying rent Rs75,000/month for each family for temporary accommodation.

Then society chairman, Dipak Painter, had told TOI, “We reached a stage of frustration and don’t know if we will go back to our homes in our lifetime.’’ Painter passed away soon after.

The tragic case of Anamika society is one of many across the city, where redevelopment projects are stuck as the builder backtracked on the agreement after demolishing the building. In the Anamika case, the society signed an agreement with KUL in 2008 and handed over premises in 2010 with the guarantee that members would receive new homes within 37 months.

In 2013, the builder signed a supplementary agreement, seeking 18 months more with an assurance that he would build their 20 flats and hand over possession. The period expired in 2014. In the meantime, BMC demolished two floors of the under-construction building as the developer built them without permission.

KUL wanted to scrap a clause stipulating that any benefit accruing from additional floor space index (FSI) would be shared 40-60 between residents and builder respectively. The builder told them he had to pay a steep Rs 22 crore premium to Mhada, the state’s apex housing authority, for additional FSI.

The Anamika society project case is a sad reflection of what happens when builders change the goalpost after the redevelopment agreement is signed and residents displaced. The 20 families have been rendered homeless for over a decade. It is time the government looked into regulations for redevelopment and made changes so that people are not cheated and ousted from what was their residence for generations.Times View

In 2017, KUL wanted to terminate the agreement and Parinee Realty made an offer to take over KUL Elegance Project. Consent terms were signed in January 2020 and filed in high court. In December 2020, Parinee signed a fresh development agreement with the society.“We started paying rent to existing members from January 2020, demolished the structure and started piling work of the new tower,’’ said Vipul Shah, MD of Parinee Group. He said the new agreement offers each family a 1,000 sq ft flat, against 876 sq ft offered by the erstwhile developer. Shah said the current valuation of the project was Rs 200 crore. “We will invest Rs 120 crore in the project and raised initial funds from high net worth investors,’’ he added. The developer can build 50 extra apartments to sell in the free sale component.

Society secretary G R Kshetramade said residents suffered for a decade and had given up hope. “No one wanted to take over our project, till the new developer stepped in,’’ he said.



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