Opportunity Snapshot
- Country: India
- Industry: Construction, Engineering, Architecture
- Stage: Expansion/Growth
- Investment size: $500,000 / min. $500,000
Investment Opportunity
Sale of a Hill in Mussorie for Real estate, Hotels etc.
The property under consideration is an estate comprising of total land of 20 Acres along with some built up areas in 9 Blocks. Some of these Blocks are in usable condition and the rest are in a dilapidated condition. However, these Blocks like the main house are presently occupied.
1. Current Land Zoning Status and possible development options :
As far as Mussoorie is concerned development is governed by the building regulations formed by the MDDA. At the same time, no master plan has been made by the MDDA for Mussoorie which will tell us about the land use zoning.
REMARK:
The site can be developed as per the existing Land use records available with the Mussoorie Nagar Nigam
2. CURRENT DEVELOPMENT NORMS APPLICABLE WITH REGARDS TO FSI AND GROUND COVERAGE :
The current norms applicable for the hills region for residential properties are as follows:
FSI: 1.6 GROUND COVERAGE: 50%
REMARK:
The above can only be achieved if the existing GROUND COVERAGE
were to be 40% of the plot area since no additional GROUND COVERAGE is allowed.
3. Area calculation that could be developed under current regulation
The maximum area that can be developed is the total existing Plinth Covered Area existing as per the Municipal records. Permission for additional Two floors is also allowed.
4. Existing Covered Area as per the Drawing :
BLOCK 1: 4176 SQ. FT. BLOCK 2: 495 SQ. FT.
BLOCK 3: 828 SQ. FT. BLOCK 4: 576 SQ. FT.
BLOCK 5: 5000 SQ. FT. BLOCK 6: 216 SQ. FT.
BLOCK 7: 270 SQ. FT. BLOCK 8: 1040 SQ. FT.
BLOCK 9: 100 SQ. FT.
TOTAL AREA OF ALL FLOORS WORKS OUT TO BE 12701 SQ.FT.
TOTAL AREA THAT CAN BE APPROVED IS 12701 *3 = 38103 SQ.FT.
5. TOTAL AREA AVAILABLE FOR DEVELOPMENT IF APPROOVED BY AUTHORITIES:
The site has beautiful TERRACES FACING SOUTH/SOUTH WEST.
These sites have huge potential for further Development as they are mostly devoid of any plantation. These Terraces overlook the Dehradoon Valley, Burlowgunj, Mussorie and provide one of the most scenic views in this area.
The total Flat Area can be grouped into 4 sets of TERRACES.
The Flat Area under Group B comprises of 23 TERRACES.
The Flat Area under Group C comprises of 10 TERRACES.
The Flat Area under Group D comprises of 06 TERRACES.
The Flat Area under Group E comprises of ONE Large TERRACE.
THE TOTAL AREA OF THESE TERRACES AVAILABLE IS APPROX.8250 SQ.MTS.OR 88770 SQ. FT ON THE GROUND LEVEL.
Apart from these TERRACES there are many other gentle sloping sites which also have sufficient potential to carry out Development.
6. RESTRICTIONS :
Other restrictions, if any, regarding height and possible acquisitions from Government:
The maximum Height allowed in the Hilly Regions is 11 mts.or Ground Floor with Two additional Floors whichever is Less.
The chances of Government acquisitions are remote.
7. SCOPE FOR CONVERSION OF LAND USE PROCEDURES AND COST AS APPLICABLE :
In the absence of any MASTER PLAN OF MUSSOORIE, the question of any Land Use Conversion does not arise.
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