Redevelopment of Old Buildings

Date:

Sheheron me purani societies aur buildings ka redevelopment hot project hota hai. Flat owners better structure, extra carpet area, amenities and corpus fund chahte hain; developers land potential dekhte hain.

Process tricky hai:

  • Majority consent threshold,
  • Transparent tendering and builder selection,
  • Development agreement terms – timelines, rent for temporary accommodation, transit camp,
  • Bank guarantees, insurance, quality standards.

Flat owners ko sirf brochure aur presentation pe nahi, agreement clauses, track record, aur RERA-type registrations pe focus karna chahiye. Delay, insolvency, ya design compromise ka risk real hota hai.

Redevelopment agar thoughtfully planned ho, to area ka complete look, safety, and property values upgrade ho sakte hain. Agar sirf short-term cash aur free area ke chakkar me decision liya gaya, to decades ka asset risk me aa sakta hai.

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