Talk:Lokhandwala Complex

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How to reach to Lokhandwala from Andheri Station?

the best way to reach lokhandwala from the station, if you don know the way is to take a B.E.S.T. bus. Tulika 99 15:38, 12 October 2006 (UTC)

[edit] Lead Section

This article needs to have a concise Lead Section defining its notability. Please read the manual of style for information on how to improve this article. Stardust8212 16:13, 15 November 2006 (UTC)

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"Originally owned by a Parsi trust, the land changed hands several times and was bought by Oshiwara Land Development Corporation which, in turn, sold it to Swami Samarth Developers. A Swami Samarth Cooperative Housing Society was set up in 1976 and in December 1979, it was exempted from the Urban Land Ceiling Act under Section 20 for construction of residential premises for the poor and middle class.

As per the exemptions, a massive 6 lakh square yards (54 lakh sq ft) of land was to be used for constructing small tenements, 400 sq ft and 800 sq ft in size. Other conditions imposed were that no development could be carried out by private developers, one flat could be sold only to one family and conveyance of the property would be done immediately on completion. The idea was to generate mass housing and not to enrich builders.

However, the society, through its principle developer, Samarth Corporation, granted development rights to various builders like Lokhandwala builders, Oberoi builders (Vicky Oberoi), Dholakias, Parasrampurias and Sheth builders.

Additional collector S R Jondhale has sought an explanation for the large-scale ULCRA violations in many buildings at Lokhandwala in Swami Samarth nagar, Apna Ghar, Yamuna Nagar and Millat Nagar. In most buildings that came up in the Swami Samarth Nagar, Yamuna Nagar and Millat Nagar areas, the ULCRA conditions were violated and flats with an average size of 1,200 sq ft were built or several flats were merged into a duplex flat of 4,500 sq ft and sold to one family.

So far, about 5.6 lakh sq ft of land have been used up by developers. Swanky towers rose on these plots, including Oxford Tower, Duplex Heights, Green Acres, Casablanca, Movie Tower, Parasrampuria Towers and Oberoi Towers.

The state kept granting extensions under ULCRA to the developers over these years without even charging them a fine, said a complaint lodged by a share broker, Manish Pancholi, recently. It noted that the last exemption under the act was until May 2006. The complainant also noted that barring a few societies, including Movie Towers and Green Acres, the developers in most cases had not even conveyed the land to the societies for the last 27 years so that the builders could exploit the available TDR (transfer of developmental rights) on the vacant spaces themselves."

Source: http://www.mumbaipropertyexchange.com/newsdetail.asp?news=297