PUNE: The standing committee of the Pune Municipal Corporation (PMC) on Tuesday cleared the way to give away nearly 27,000 sq meters of land on survey no 24, final plot 54, Shivajinagar, along the old Pune-Mumbai highway to a private builder on Build Operate Transfer (BOT) basis.

The builder will have to construct nearly 338 tenements on a 15,210 sq m plot (55.89 per cent of the land) to be alloted to employees of the PMC and in return, will be allowed to make commercial use of nearly 1,204 sq m ( 44.11 per cent of the land) from the plot.

The contract was bagged by M/s Patil Construction. Each of the 338 tenements would be 550 sq ft, including balconies.

The plot already has a PMC employees' colony standing over it for the last 50 years but in a very advanced state of dilapidation and has been declared as structurally dead. The PMC figures that getting the building demolished and erecting a new one in its place would cost it considerably and sees the BOT as the only way out.

The builder, will however, not be able to derive any advantage arising out of any state government or PMC policy to provide additional FSI to the area, In that event he would have to approach the PMC, chairman of the standing committee, Nilesh Nikam, said soon after clearing the resolution at Tuesday's meeting.

FOR THE  NEW COLONYThe plot already has a PMC employees' colony standing over it for the last 50 years but in a very advanced state of dilapidation and has been declared as structurally dead. The PMC figures that getting the building demolished and erecting a new one in its place would cost it considerably and sees the BOT as the only way out.