india-bull-2After Chief Minister Ashok Chavan scrapped the Mantralaya makeover project awarded to Indiabulls, the real estate company has come up with a revised proposal to bag the prestigious contract. Indiabulls, in a letter sent recently to Chief Minister Ashok Chavan, said it is still willing to undertake the project and offered details of its new plan. The Rs 1,376 Crore makeover project has been controversial right from the time it was awarded to Indiabulls in August 2009. After the plan was scrapped in the wake of allegations that the government had declared Mantralaya a slum to get additional FSI, Chief Minister Ashok Chavan had proposed that the MMRDA should redevelop Mantralaya as part of its Nariman Point makeover plan. Deputy CM and Public Works Development Minister Chhagan Bhujbal, however, had suggested that the state make a budgetary provision for the makeover and ensure the state headquarters is rebuilt with government money. In its fresh letter to the CM, Indiabulls has proposed to pay Rs 385 Crore to MMRDA so that the authority can revamp Mantralaya and the Vidhan Bhavan. It has said it will “undertake the remaining work” of construction of houses for legislators, judges and state officials, and construction of party offices and auditoriums at a cost of Rs 470 crore. A senior Indiabulls executive has to the media that the firm had sent a fresh letter to the CM. The makeover plan, mired in controversy, had created bad blood between Chavan and Bhujbal, who was the strongest advocate of the project. Bureau report – NMTV News.

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