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Proposed Redevelopment Project at Nanubhai Desai Road
Area Calculation
Description Sq. Meters Sq. Feet
Plot Area                   866.22         9,323.99
FSI 3.0 Times                2,598.66       27,971.98
Rehab Area                1,378.92       14,842.69
Developer’s Incentive @ 50%                   689.46         5,729.00
Balance FSI                   530.28         5,707.93
Total FSI for Developer                2,598.66       27,971.98
Add 35% for Fungible FSI                   909.53         9,790.19
FSI including Fungible FSI                3,508.19       37,762.17
Add 50% for Super Built Up                1,754.10       18,881.08
Total Super Built up Area for Sale                5,262.29       56,643.25
Say                5,295.43       57,000.00
FINANCIAL CALCULATION
Description Rupees Rs. In Crores
Cost of Construction 113286503.77             11.33
Prof. Fees, OOP Expenses, Misc. Expenses, etc. 28321625.94               2.83
Premium for Fungible FSI 16812298.85               1.68
Cost of Property 400000000.00             40.00
Total Cost for the Project 558420428.56             55.84
Cost per Sq. Feet 9796.85
Estimated Sale of 15,000.00 Sq. Feet @ Rs.20,000.00 per Sq.Ft. S.B.U. 300000000.00             30.00
Estimated Sale of 20,000.00 Sq. Feet @ Rs.25,000.00 per Sq.Ft. S.B.U. 500000000.00             50.00
Estimated Sale of 22,000.00 Sq. Feet @ Rs.30,000.00 per Sq.Ft. S.B.U. 660000000.00             66.00
Estimated Sale of 120 Car Parkings @ Rs.8,00,000.00 per Car Parking 96000000.00               9.60
Estimated Floor Rise 178426243.44             17.84
Total Estimated Sale 1734426243.44           173.44
Estimated Profit for Project 1176005814.88           117.60
Finance Partner’s Share 823204070.41             82.32
Working Partner’s Share 352801744.46             35.28
Residential Area Used at Present Developer’s Incentive
Ground Floor 1941.07 451.80
First Floor 647.02 388.21
First Floor 647.02 388.21
First Floor 647.02 388.21
Second Floor 970.59 451.80
Second Floor 970.48 451.80
Third Floor 970.59 451.80
Third Floor 970.59 451.80
Fourth Floor 1515.25 451.80
Total 9279.64 3875.44
Commercial Area Used at Present Developer’s Incentive
Structure I
Ground Floor 731.95 439.17
Ground Floor 731.95 439.17
Structure II
Ground Floor 753.48 452.09
Structure III
Ground Floor 430.56 258.34
First Floor 441.32 264.79
Total 3089.27 1853.56

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