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

 

Dated: January 29, 2024

 

 

The Hon'ble Mr. Justice Gautam Patel and the Hon'ble Mr. Justice Kamal Khata of the Bombay High Court passed an order dated January 29, 2024 in Writ Petition no. 947 of 2020 whereby Kamlesh Mehta of Lily Commodities were to redevelop the building Shree Sitaram Sadan also known as Bhatia Building have parted his way and have splitted from the Landlords of the building. The Building is located at Princess Street Main Road, Marine Lines at beginning of Marine Drive Flyover 

"7. A proper balancing, therefore, requires that we must give these owners some reasonable time, though not an indefinite amount of time, to come before this Court with a firm proposal for redevelopment. Mr Shukla has instructions in Court to say that such a proposal will be brought before this Court and we give the developer the owners four weeks to do so. We make it clear that we do not want to hear on that date that there is some proposal with some developer proposing something. We will need particulars and most especially we will require the name of the developer, a representative to be in Court, preferably a signed Memorandum of Understanding (MoU) (the detailed agreement can follow later) and identification of the commitments to be undertaken by the developer, a demonstration of the financial credentials of the developer, and details of the commercial developments/redevelopment work done by the developer.

8. Undoubtedly any developer (whether brought by property owners or the tenants) must be shown a copy of the consent terms and the provisions of those consent terms so that there is no misunderstanding going forward. We have not to be understood to have bypassed or overwritten the consent terms. On the contrary we maintain them and we will not permit any party to unilaterally resile from them. It is our every intention to enforce those consent terms because those consent terms now are the order of the Court."

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

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 March 01, 2024

Dated this January 29, 2024

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

BRUS CHAMBERS
Advocates & Solicitors
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Contact Person: Ms. Binita Hathi or Pritish Das (Partners)
Note: Our law firm will forward your contact details to the Landlord directly so that you as developer can negotiate your terms with the Landlords and enter into an MOU as per order of the court and present the same to the Hon'ble Judges for their review. 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

       - Invitation -

Dear Sir or Madam,, 

We are writing to extend an invitation to you to participate in the redevelopment of Shree Sitaram Sadan, located in South Mumbai at Princess Street Marine Lines, overlooking Marine Drive.

Shree Sitaram Sadan has already obtained the necessary No Objection Certificate (NOC) from the Maharashtra Housing and Area Development Authority (MHADA). Additionally, we have received the certified list from MHADA, affirming the eligibility for redevelopment. However, due to unforeseen circumstances, the previous developer has exited from the project, leaving an urgent need for a new developer to take charge.

It's crucial to note that there is a time-bound order from the Bombay High Court, necessitating the appointment of a new developer by March 01, 2024. Therefore, we are actively seeking a competent and reliable developer to step in and lead the redevelopment project.

We are pleased to inform you that all tenants of Shree Sitaram Sadan, constituting 100% of the occupancy, have provided their consent for the redevelopment project. This unanimous agreement significantly streamlines the process and ensures a smooth transition into the redevelopment phase. The total area of development available is 1884 sq mtrs and there are 82 tenants.

The Shree Sitaram Sadan property holds immense potential, situated in one of the most coveted locations in South Mumbai, offering breathtaking views of Marine Drive. With your expertise and experience in development projects, we believe that together, we can transform this property into a landmark structure that complements the surrounding landscape and enhances the local community.

Should you be interested in further discussing this opportunity or require any additional information, please feel free to reach out to us at your earliest convenience. The Landlord of the building are eager to collaborate with you and move forward with the redevelopment plans for Shree Sitaram Sadan.

Thank you for considering this invitation, and I look forward to the possibility of working together.

Warm regards,

Thank you and Best Regards,
 
Pritish Das, Binita Hathi or Dr. Shrikant Hathi, Partner
Advocate Bombay High Court
Email: pritish@brus.in
 
B R U S   C H A M B E R S
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(Mumbai Main Office)
8, Rajabahadur Mansion, 3rd Floor, Ambalal Doshi Marg, Fort, Mumbai 400001, India
 
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