JUHU ALAKNANDA Co-operative Housing Society Limited

The Special General Body meeting of the Juhu Alaknanda Co-operative

Housing Society Limited unanimously expressed its displeasure at the undue
delay caused by Kalpataru over last 4 to 5 years since MOU was signed and
further progressing and implementing the Redevelopment Project despite
our full cooperation and support as also having AAI and MHADA clearance
since 2019
The General body thereafter rejected the present Proposal for self
redevelopment as proposed by the PMC as well as the one proposed by the
Developer M/s Kalpataru under the Development Management Model which
required members to contribute in large measure The formal
communication of this rejection be made to the PMC and the Developers M/s
Kalpataru
The General Body thereafter deliberated on the way forward and how the
Process of Redevelopment could be progressed given the fact that AAI
clearance was valid and subsisting with the Society. The Special General Body
passed the following Resolution
Resolved that the Managing Committee do take such steps and examine and
explore all available options to progress the Redevelopment. Within the next
few months.
It was also resolved that general body to be briefed regularly on all matters
and that the Society redevelopment committee formed earlier be dissolved.
It was further resolved that the Resolutions passed earlier dated 29 th August
2021 regarding authorizing office bearers of the committee to negotiate and
sign documents be revoked and fresh approval be taken from the General
Body when the redevelopment proposal is finalised in the coming few
months
Resolution at the Special General Body Meeting held on the 22 nd May 2022.
Resolved that the General Body considered the Proposals made by PMC for
self redevelopment ide their email and developer M/s Kalapataru vide their
letter dated 7th May 2022 under the Development Management Model where
they would act as the Development manager with contribution from the
Society of Rs 71.5 Crores was considered and put to vote by show of hands.
The same was rejected unanimously by all the members present
The Members felt that contribution from 28 members of Rs 1.5 crs in the self
redevelopment and Rs 71.5 crs in the second proposal by Kalpataru including
the Developers fees of Rs 20 crs was not feasible for implementation .