Professional Documents
Culture Documents
reference to JNNURM
Rakesh Bangera
Head Analytical Team
CRISIL Risk and Infrastructure Solutions Limited
28 January, 2010
PCNTDAs experience on
Developing a 53 hectare township to;
Cater to all sections of the society
Provide social and physical infrastructure services
2.
3.
The Project
4.
The Project
PPP Structure
Process Adapted
Outcome
Project Highlights
Area: 53 hectares
5.
Well developed by internal roads and with a proper laid water network
Other issues like QA and QC for limited capacities within its system
Increase in plot FSI from 1 to 2.5 to exploit real estate potential from Govt of Maharashtra
6.
Plot had good real estate potential to attract interest from private sector
Generate funds for PCNTDAs contribution for BSUP through exploitation of real
estate
7.
8.
The Project
PPP Structure
Process Adapted
Outcome
Construction and hand over of 5040 housing units under the BSUP
scheme to PCNTDA,
PCNTDA shall pay Rs. 225 crores as grant linked to housing units handover
schedule
9.
Contract Structure
GoI
GoM
Beneficiary
Rs. 75 crs
Grant of Rs. 225 crores on completion of development milestones for BSUP units
Development Rights after approval of Master Plan
PCNTDA
Developer
Rs. 50 crores upfront payment and Rs. 100 crores performance security
Completion of 5040 BSUP units within 2 years
Revenues
Sub- Lease
Occupant
10.
Development
and
handover
of
affordable
housing
units
and
Rain water harvesting, use of solar power, environment-friendly materials and vermicomposting
11.
12.
13.
The Project
PPP Structure
Process Adapted
Outcome
14.
15.
16.
The Project
PPP Structure
Process Adapted
Outcome
No. of units
BSUP housing
5040
1917
358
Total
7369
1 School and Hospital for BSUP
Other Infrastructure
17.
Other benefits
Covered cost escalation risk of about Rs. 65 crores
Getting land parcels slum free and making it available for future
exploitation
18.
Key takeaways
JNNURM funding was utilized not just for constructing BSUP units but
leveraged for developing an integrated township
With schools hospitals and all sections of the society living together
PPP was enabled by increasing plot FSI from 1 to 2.5 for the Project
PCNTDA will handover affordable housing stock for other EWS and middle
income groups
19.
Stakeholders Experiences
Mr. Dilip Band, Divisional Commissioner, Pune Division says:
. This project has elicited valuable private participation and will be instrumental in
providing affordable housing to the poor. We appreciate the efficient and transparent
manner in which CRISIL has executed this process, right from project conceptualization to
selection of the private developer.
Ms. Anita Arjundas, Managing Director & CEO, Mahindra Lifespaces says:
The project concept was interesting. While PCNTDAs specifications aimed to ensure
that high quality houses are built, higher FSI entitlement aimed to reduce costs, enabling
developers to offer quality affordable housing options to people. The low amount of upfront
payment also helped in view of the current real estate market. CRISIL managed the bid
process efficiently. They were highly responsive to our queries which helped us in putting
our bid together in record time.
20.
Thank You
21.