ORRA launches diamond pendant collection for Valentine's Day

The collection taps the 'affordable' quotient

Post By : IJ News Service On 06 February 2012 7:10 PM
The Giant Wading Through Plethora of Regulatory Formalities%% {{Diamond World News Service}} The Bharat Diamond Bourse is a much desired project and expectations too are rising as the towers sprawled over massive Bandra-Kurla complex area come to life. %%The eight towers are almost ready and are projected to be fully operational in the next three to four months. Diamond World spoke to Kaushik Mehta about when the over-due project will report completion. %%The present status of the project sounds progressing and Kaushik Mehta, Vice-Chairman of the project said, “We have got Occupation Certificate (OC) and No Objection Certificate (NOC) for OC. We have received this for 6 towers out of 8 from MMRDA and for 6 towers we have got NOC from BMC as well. Towers 7 and 7B are yet to receive OC. There are certain queries that Bharat Diamond Bourse is answering and we should get OC for those two remaining towers in the next couple of months. %%These certificates are a prime step in completion of formalities for possession. The next step is to sign the Lease Agreement with MMRDA, Kaushik Mehta expects this to take another month. He says, “We can then issue Property Membership Certificates to members according to their allotment. We should have things ready latest by October 2008 end.”
%%The Trading Hall which is an essential requirement of the members has started its interior work. The customs area which is around 20 thousand ft2. is also having its interior decoration work. This should be positive for those who are wondering how much the project has progressed. The work is reportedly going to be complete within 3-4 months, alongside the official permission seeking work. %%The key elements are ready and the massive 18 lakh ft2. construction will host all utilities services that the industry might require. The 14 lakh ft2. area out of the 18 lakh ft2. has already been allotted. Some area has been kept for public utility which is non-saleable and will house the Trading Floor, Customs Area, Conference Halls and other facilities offered by the Bourse. %%Around 300 thousand ft2 area has been allotted to banks, restaurants etc. and may be some of it will be sold after signing the lease agreement. %%The massive structure makes one concerned about the security available. There are around 150 security personnel at present, “We want to have state-of-the-art security system. The hardware work is complete but the software part i.e. intelligence system is held up only because people have to finish their interior work and such sophisticated devices could fail with so much of dust and other debris around,” revealed Kaushik Mehta. The installation of the security system, building automation, energy monitoring has been pending since they want to install state-of-the-art technology and the most updated one available at the time, once all other work is complete. %%Meanwhile, the members are being given temporary possession at present and if anyone wants to start interior and office work one can do so. “Those who have agreed to take required measures have promised us so and have started work on their offices. But this number is very small say just around 10 per cent of the occupants,” explains Kaushik Mehta. %%They have plans to set up a PR Division soon to take care of members' needs and do not want members to delay work on their offices due to lack of support from BDB. “We will set up a team of around 12-14 people. They will take care of water problems, will have architects ready to check plans and assist with members' needs and so on. This will be done within the next 2 months. We already have a small department of 4-5 people right now but we want to have a full-fledged cell,' says Mehta. %%“The project has made much progress and now it is up to the members to start their active efforts and finish their interiors so that they may be ready to relocate when the green signal is shown”, concluded Kaushik Mehta.

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