The huge project is being developed and executed in Chembur, Mumbai by GA Builders, an “RNA Corp Group” company that would provide “New Homes” to more than 1950 tenants, according to a media release. The Subhash Nagar Colony, built by MHADA, is about 55 years old and comprises 57 buildings that house 36 members each. On completion of the mass housing project, the tenants would be re-housed in flats with an area of 320 sq. ft. plus 65 square feet in the form of a flowerbed, niche or dry area with all necessary amenities. After obtaining all the requisite approvals for the redevelopment of the project and after setting up the transits for tenements, the company is all set to make its mark in Mumbai real estate sector.

“We have so far built 744 flats for the residents in five buildings, and have finalized plans to build eight more buildings for 546 families who have signed for redevelopment.” Mr. Manoj John, spokesman for RNA Corp said. He added that more than 1300 families out 1950 have accepted their plan to turn Subhash Nagar into mini-township. Mr. John further said “Considering the sheer scale of this project, we have undertaken extensive infrastructure enhancement drive that includes setting up of drainage and sewerage infrastructure, underground water lines, recreation grounds, playgrounds, internal roads. Underground and overhead tanks will ensure uninterrupted water supply with an added provision for piped gas connection.”

Besides the amenities, RNA also provides for a “Zero Maintenance Cost” for the society by ways of issuing fixed corpus to each member of the society. A Fixed deposit of the aggregate of the corpus funds generates monthly interests to take care of the maintenance and also meets other costs to be borne by the society, the release added. Additionally, RNA will also help the tenants during the transit period by providing them with the cost towards brokerage for rental accommodation, the rentals and shifting charges. With over two decades in the construction industry, RNA Corp’s expertise and knowledge of local partners coupled with its strong focus on customer satisfaction, has resulted in gaining an impeccable reputation and setting up a successful track record of performance.

source: www.indiarealtynews.com