Dharavi Remaking SPV
----------------------------
DNA ( 21 Mar ) carries following news :
After several unsuccessful attempts to
redevelop Asia's largest slum, Dharavi, the state government has decided to
float special purpose vehicle (separate company) for the redevelopment
project. Minister for Housing Development, Prakash Mehta announced that decks
for redevelopment for Dharavi would be cleared along with Mumbai Development
Plan by March 31.
Dharavi redevelopment has been a topic
of discussion since almost 20 years now. There are 55 thousand families as per government estimates, who are eligible for new
houses after redevelopment.
The entire redevelopment of Dharavi
would be roughly more than Rs 30
thousand crore and yet despite
repeated efforts by government through various schemes there were no bidders
for this project.
An official said that with special
purpose vehicle, entire redevelopment would be
planned and taken care of by the SVP.
The challenge would be not confined to
redevelopment but it would also be providing amenities, maintenance and
rehabilitation of all the slum dwellers
This is a very welcome development
And I am glad that Maharashtra
Government has decided to implement my suggestion re: creation of INFRASTRUCTURE SPVS
Now I urge Shri Prakash Mehta ( Minister for Housing
Development ) to announce the detailed working of this SPV , as detailed
in my following email
Tuesday, 1 September
2015
Shri
Ravindra Waikar , Minister for Housing , Maharashtra Government , says ( DNA /
16 Aug 2015 ) :
"
We want to provide a dream house to everyone by 2020 . We won't compromise on
the quality of construction . It will be at par with that of private builders .
We are working on a mission mode "
He
is referring to planned construction of 5 lakh " affordable " houses
( flats ? ) , by 2020
No
doubt , this is a very daunting task but it is possible if there is "
Political Will " - which is evident from above statement of Shri Waikar
Here
are my few suggestions that Shri Waikar may want to consider :
# SPECIFICATIONS
* Carpet Area = 400 sq ft
* Selling Price = Rs 10 lakhs ( Rs 2,500 / sq ft )
# LOCATIONS
* Building Clusters to be located on the outskirts of cities ( important
)
* 100 Clusters of 50 buildings ( each with 10 floors*10 flats/floor )
# LEGAL FRAME-WORK
* A Special Purpose Vehicle ( SPV ) , named,
Dream House Private Limited ( DHPL )
# INDUSTRY STATUS
* Infrastructure Industry with 100 % FDI thru automatic route
# SPV OWNERSHIP
* 10 % equity by Maha Govt ( in lieu of land )
Maha Govt to pass on this equity to land-owners
* 90 % equity by WinSun Decoration Design Engineering Co ( China )
# SHARE CAPITAL
* Rs 10,000 Crores
#
ROLE OF MAHARASHTRA GOVERNMENT
* Acquire land ( under modified Land Acquisition Act )/hand over to SPV
* Comprehensive Town Planning of each Cluster like a Smart City
* Building Design / Drawings / Material Specs
* Quality Control / Material Testing Lab at each site
* A Project Monitoring Team at each site / Use of PERT
* Site surveillance using CCTV cameras
* Make available land for setting up 3D House Printing factories
* Interconnection of site offices with HQ , thru VPN
* Blanket permissions ( IOD / NOC etc ) issued in advance
* OC based on certification from Site Project Manager
* Maintenance of flats thru Coop Societies of each cluster
#
COMMERCIALS
* Neither SPV , nor Maha Govt to pay any royalty to WinSun for
transfer of technology
* Maha Govt to act as the agency for allotment of flats to eligible
public
in Maharashtra thru a " Lottery System "
* Selling Price of flats will be fixed by the Maharashtra
Government
once a year , based on a pre-agreed cost - escalation
formula, which
will be explained in detail on SPV web site
Calculation of each upward revision shall be made public
* SPV to hand over possession of flat to the allotee upon receipt
of
full payment
* SPV shall not be permitted direct selling of any flat in
Maharashtra
* SPV would be free to set up factories in other States and be free
to
sell flats built there, thru Open Market Sale
# ROLE OF WinSun
* Setting up of 20 factories for 3D Printing of flats
* Assembling of 3D printed flats at sites
* Transfer of 3D house printing technology to Indian project managers /
site engineers / construction workers
#
TECHNOLOGY
* 3D ( house ) Printing Technology developed / patented by WinSun
> WHY WinSun ?
# On
29 March 2014 , WinSun constructed TEN , 3D printed houses ( 200 sq meter each ) in Shanghai, each costing $ 4,800 ( approx Rs 3 lakh ! )
#
On 17 July 2015 , using its 3D printing technology , WinSun built a
2 storey villa , in just 3 HOURS !
#
WinSun holds 98 patents for construction materials
#
For 3D printing of houses , WinSun , mostly uses recycled
construction materials
#
3D house-printing technology saves,
* 30% -60 % of building materials
* 70 % of production time
* 80 % of construction cost
#
Egypt Government has placed on WinSun , an order for supplying 20,000
pre-fabricated , 3D printed houses
#
In Egypt , WinSun will establish 12 Dream Factories ( to build pre-fabricated
houses ) , within 2 years
These factories will mostly use desert sand as its main construction material ,
which was found ideal for 3D printing of houses !
#
In next 3 years , WinSun will set up ( in JV with local parties ) , similar
factories in 20 countries , including Saudi Arabia , UAE , Qatar , Mexico , S.
Korea , Russia , Morocco , Tunisia , and USA
As
someone has said :
"
It is OK to build castles in the air , as long as you know how to put
foundation underneath , later on "
Even
if you are dreaming of building 5 lakh castles !
21 March 2018
www.hemenparekh.in
/ blogs
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