One of Mumbai’s oldest housing society is ready to shed its old look for a new one. The Bombay Taximen Cooperative housing society, located at the mouth of the city’s suburban business district, Bandra Kurla Complex spread over 8.4 acres, is up for redevelopment. According to sources, the society will finalise a developer soon. The society, originally formed by taximen of the city, was inaugurated by Founder of Bombay Taximen Union George Fernandes in 1972.The society, with a total area 34,354 sq mts, comprises 656 flats and 30 shops and boasts of its proximity to the planned Metro II project.It is a prime land located at the mouth of BKC and in close proximity to Kurla station. “The society was formed in 1972 whose original members were taxi drivers and owners, but at the same time, non-taxi driving community members were included in it. Today, we have over 600 flats and 30 shops, and following the guidelines set by the state authorities, we are seeking developers who can redevelop the society,” said Shaikh Gulam Jilani, chairman of the society.Al Quadros, a senior union leader said, “We procured a loan from LIC and charged every member of the society only Rs 19,000 for a flat. There were then more than 600 flats but now only 10-15 taxi drivers reside in the colony. Back then we got the land for a pittance, but now the same flats are priced at Rs 1 crore and above.”Currently, the Taximen colony is one of the largest housing society in the city. While the real estate market isn’t very good, and many developers aren’t opting for new projects, the society is hopeful that they will find developers.”Mumbai has to develop and redevelopment is the way. We are hopeful that developers will redevelop this society too. We cannot disclose the area of redeveloped homes that we are looking for but we are sure that things will turn for better,” said Jilani.ABOUT THE SOCIETY1972 The society was inaugurated by George Fernandes.2013 The society first attempted to get the colony redeveloped but didn’t succeed.656 Total number of flats in the society30 Total number of shops8.4 acres The total area of the society. 34,354 sq mts Total area as in possession of the society.

Join the discussion<!–end of artlbotbor–>

Originally posted here:

Taximen colony set to get makeover