When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
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A new case of illegal construction has come to light in sector 3,Vashi.In this case it was a case of illegal redevelopment of a CIDCO building (JN 2,bldg 1 and 3) in Sector 9.
In this case the developer cum architect DG Shah started construction of a tower in place of a CIDCO building without taking the mandatory clearance (NOC) from CIDCO (the owner of all land in Navi Mumbai).The builder has thus violated the DCR (Development control regulations) section 8.6.
The builder also submitted fake and bogus documents to the NMMC town planning dept for obtaining the NOC to start construction,thus cheating the said agency.A case of forgery and cheating will also be applicable on the said developer.All construction permissions thus stand cancelled.A demolition order has also been served to the builder.He has to demolish the building within 30 days or else the Municipal Corporation will demolish it and send the bill to the developer.
Most people think that redevelopment is a cake walk.Sometimes they are misled by the builder who is in a hurry to make a fast buck.They do not realise that Redevelopment of old CIDCO buildings is one of the most difficult propositions.
For a successful redevelopment the said complex has to have a co-op housing society or a flat owners association.Conveyance has to be in the name of the society.All documents and other taxes of the property have to be paid.
Unfortunately,most of the old CIDCO buildings either do not have proper ownership papers,most do not have any housing societies formed,conveyance is almost unheard of,property taxes are not paid for years together etc.
To solve most of these problems requires huge amount of money (to the tune of lakhs).
How many of these occupants are ready to spend that cash is anybody’s guess since most were allotted at Rs.5000 to Rs.10,000 almost 30 years ago or more.
This is the reason that redevelopment of old CIDCO buildings is almost an impossible concept.
