Construction opportunity at Panvel near Bombay, India.

This 3,977 square meter property is situated in a scenic area near Gandhi River against a back drop of beautiful ranges. Just 10 minutes walk from the Railway Station and main bus stand, a neighboring 3 acre plot is already well developed and along the same ring route are other completed projects including a vegetable market and an air conditioned super market doing brisk business nearby. 

Permit is in place to construct 2 seven story duplex flats. One building with 59 flats and the second with 40 flats. The total 'salable' area is 51,933 and 37,479 sq. ft. respectively and the corresponding built up areas are 43,623 and 31,482 sq. ft. The higher built up and salable area are achieved due to two factors- 

1] 10 % Balcony is allowed on payment of additional charges and 
2] The area of internal staircase is not counted in FSI . 

Price includes the plot with FSI along with the project plan passed for the 2 buildings and a summary of project costs and 2001 appraisal are available.

Asking Price: $370,000.00 US

REFERENCE #2038

DALLI (O/B)