Exit low building clusters, enter skyscrapers at Girgaum and Parel

Jul 26 2012, 10:55 IST
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SummaryThe skyline is set for a drastic change with the high-power committee for cluster redevelopment giving the go-ahead to two projects at Girgaum and Parel each.

Cost estimate: Rs 300 crore

Nish Developers; developer Kailash Agarwal
Area: 26,321 sq m on New Islam Mill compound, Parel
Now: Six G+4 residential; 85 ground floor commercial
Proposed: Rehab into six G+22 residential, one G+35 commercial structures; besides two G+50 for sale
Cost estimate: Rs 700 crore

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