Invitation for Redevelopment of Shree Sitaram Sadan/ Bhatia Building as per Order of the Bombay High Court 

 

Dated: March 08, 2024

 

 

Tenants of Shree Sitaram Sadan Building at Princess Street, Marine Lines, Mumbai extend an invitation to participate in the premium redevelopment project of Shree Sitaram Sadan, an iconic building nestled in the heart of South Mumbai at Princess Street Marine Lines, overlooking the majestic Marine Drive.

The journey of Shree Sitaram Sadan's redevelopment has encountered a significant juncture, marked by the recent order from the esteemed Bombay High Court, which mandates the appointment of a new developer by April 02, 2024. This order comes as a result of meticulous deliberation by the Hon'ble Mr. Justice Gautam Patel and the Hon'ble Mr. Justice Kamal Khata, who underscore the paramount importance of progressing with a firm proposal for redevelopment within the stipulated timeline.

The previous developer, Kamlesh Mehta of Lily Commodities, has regrettably parted ways with the landlords of Shree Sitaram Sadan, leaving behind a void that awaits your expertise and vision. As such, we are actively seeking a dynamic developer who shares our passion for revitalizing this historic landmark.

Shree Sitaram Sadan has already obtained the necessary No Objection Certificate (NOC) from the Maharashtra Housing and Area Development Authority (MHADA), paving the way for a seamless transition into the redevelopment phase. Furthermore, all tenants, constituting 100% occupancy, have unanimously consented to the redevelopment project, underscoring the collective enthusiasm and support for this endeavor.

The property boasts a total development area of 1884 square meters and is home to 82 tenants, each eager to witness the transformation of their beloved abode. With its prime location and panoramic views of Marine Drive, Shree Sitaram Sadan presents an unparalleled opportunity to create a landmark structure that seamlessly integrates with its surroundings and enriches the fabric of the local community.

We firmly believe that your esteemed reputation and track record in the field of development projects make you an ideal partner for this venture. Your expertise, coupled with our collective vision, holds the promise of redefining the skyline of South Mumbai and leaving a lasting legacy for generations to come.

Should you express interest in further exploring this opportunity or require additional information, please do not hesitate to reach out to us at your earliest convenience. The landlords of Shree Sitaram Sadan eagerly anticipate the opportunity to collaborate with you and embark on this transformative journey together.

Thank you for considering this invitation, and we eagerly await the possibility of forging a partnership that will shape the future of Shree Sitaram Sadan.

Click here for the Consent Minutes ; Order dated January 29, 2024 ; Memoramdum of Agreement ; NOC; Plan as was given by earlier developer ; Order dated March 01, 2024

Those developer with repute, who intends to develop the building should send their proposal and fulfil all the requirements as stated in the order on or before April 02, 2024

Dr. Shrikant Hathi
Respondent No. 30 in the above Writ Petition.
represented by

BRUS CHAMBERS
Advocates & Solicitors
8, Rajabahadur Mansion. 3rd Floor,
Ambalal Doshi Marg, Fort, Mumbai 400001, India
Web: www.bruschambers.com Email: pritish@brus.in
Mobile: +91-97736 72978/ +91-97699 46864
Contact Person: Ms. Binita Hathi or Pritish Das (Partners)


Note: Our law firm will forward your proposal to the Judges of the Bombay High Court with a copy to the Landlord directly so that you as developer take the project ahead should the same be acceptable by the Hon'ble Court and the Landlord. Our law firm role is limited and there is no fees involved and the same is for the interest of the tenants, landlord and the developer of the building. Brus Chambers is a top-tier law firm as ranked by Legal500.