Worli’s Atria mall up for sale for 1,000cr

Mumbai: Almost eight years after it opened under a cloud of controversy, the high-end Atria mall in Worli has been up for sale, but because of few takers so far, its promoters now plan to change its layout and format and convert it into a full-blown retail destination.      In fact, Shoppers Stop is negotiating for 35,000 sq ft space in the mall at present. But at least one insider said the owners are open to an outright sale if it fetches them around Rs 1,000 crore. The under-two-acre property is controlled by three partners: Champalal Vardhan, Dalichand Shah and Bhupesh Jain.      Atria is one of several malls in Mumbai which failed to click. It failed to bring sufficient returns since it opened in 2006, and over 50% of the mall has remained empty despite attracting top brands like Rolls Royce, BMW, Mango, Swatch and Tissot.      Market sources said Kishore Biyani of Future Group had made an offer for the property. But Biyani told TOI he was not involved in any talks to buy it. Location of Atria not suitable for a mall, says partner  Mumbai: Kishore Biyani of Future Group has denied making an offer for the Atria mall at Worli. In 2006, Future Group had bought the Crossroads mall at Tardeo from the Piramals for Rs 260 crore.      "It was a mistake building a mall here. We should have done a residential project instead," said one of the partners, not wishing to be identified.      The reason, he said, was that the mall is located on an arterial road with poor access. "There is no railway station in the vicinity which could fetch large crowds," he said. Besides, the mall does not a have a theatre/multiplex, which generally brings in more footfalls. Another obstacle is the high property taxes— around Rs 24 a sq ft a month.      Last month, a TOI report quoted a recent Associated Chamber of Commerce and Industry of India survey, which revealed that up to 52% malls in Mumbai are lying vacant. Experts had attributed this to a "failure of design or not having adequately strong brands". Among other factors were an overload of malls in the city, poor location and bad parking facilities. The overall retail vacancy rate in the city currently stands at 21.7%, according to Jones Lang LaSalle India.      Atria mall is spread over 1.90 lakh sq ft and the building is part of a three-acre plot belonging to the Brihanmumbai Municipal Corporation. The developers were entangled in a legal battle about eight years ago when social activist Medha Patkar approached the Bombay high court against its construction.      Her 2005 petition said the plot was reserved to rehabilitate the dishoused and that an existing school was shifted to the back of the plot to make way for the mall. It also alleged FSI violations.      However, the court allowed the mall to operate on the condition that it would rebuild the municipal school, construct three buildings for the municipal staff and pay Rs 80 crore to the BMC for rehabilitating project-affected persons. A couple of years ago, the mall again found itself in a controversy when a Shiv Sena rebel who had joined the Congress alleged that a Sena leader had a stake in the property. The 8-year-old mall is half-empty

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YOUR RIGHT TO KNOW Conditions on RTI access to bldg plans lifted

Mumbai: State information commissioner Ratnakar Gaikwad on Wednesday withdrew an order issued last month that imposed certain qualifications on obtaining building plans approved by the BMC under the Right to Information (RTI) Act. 

    Gaikwad said the latest decision was taken "with a view to avoid confusion and practical difficulties in securing information about building plans". Nonetheless, he urged that caution be exercised when demands for the plans of public utilities or buildings are made. "The authorities must consider if there may be some danger to national security or public safety if these plans are given." If the answer is yes, the requests in such cases "should be declined as per the provisions of the RTI Act". 
    This was the second time Gaikwad withdrew an order on the issue. Following criticism, an order dated September 26 was scratched on November 21 and a new one issued. But that 
too met with disapproval. "The language and structure of both the orders perhaps made them look like blanket ban on disclosure of information relating to building plans, which was never the intention of the commission and the commission expresses regrets for it," said Gaikwad on Wednesday. 
    Gaikwad held a formal hearing following an appeal by former central information commissioner Shailesh Gandhi and RTI activist Bhaskar Prabhu. The two held that public information officers (PIOs) were using the November order to deny information regarding all details and plans. 
    While explaining the rationale behind the September order, Gaikwad said it was not taken suo motu. "Subhash Desai (Shiv Sena MLA) wrote to the commission pointing out serious lapses committed by PIOs while furnishing information about building plans and violations of sections 8 (a, d), 9 and 11 of the Act, which were dangerous for the country's security." 
    Desai enclosed news items that described how Maoists, through proxies, obtained info under RTI in Jharkhand and misused it for extortion, leading in some cases to the killing of contractors. The MLA requested the commission not to provide info on public buildings. "Since the commission was of the same opinion, an order was issued on September 26." 
    Gandhi pointed out that building plans are submitted to the authorities as a statutory requirement. The risk of info being used for terror attacks is small, Gandhi maintained, pointing out that corruption in any case ensures that plans are given out at times "for a price". 
    WALLED OFF 
FIRST ORDER | On Sept 26, state information commissioner Ratnakar Gaikwad directed that no building plans or other documents relating to public buildings—government and semi-government offices, hotels, gymkhanas, hospitals, malls, commercial structures —should be disclosed under RTI as it could result in a security threat. He also disallowed the disclosure of interior plans of private buildings unless it is proved that the info sought is in public interest 
CRITICISM | Activists decried the order, stating that it harmed citizens' interests 
SECOND ORDER | On Nov 21, Gaikwad passed a new order. He allowed the release of information relating to building plans of public and private structures, but directed withholding the internal layout of rooms in a building and interiors and internal detailing 
CRITICISM | Activists said the order hid more than it revealed. For eg: it did not mention floor plans, site and layout plans, fungible FSI, plans for mandatory open space reservations

TOI report on Nov 21, 2013

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