Redevelopment

What is Redevelopment ?

Redevelopment refers to the process of reconstruction of the residential / commercial premises by demolition of the existing structure and construction of new structure. With open space almost non-existent in Mumbai, the subject of redevelopment has now assumed great significance because majority of the buildings owned by co-operative societies or by owners are quite old and/or in neglected state.

Why Redevelopment ?

Redevelopment provides modern day space planning with vertical transport (lifts) and earthquake resistant durable structures with adequate in-house parking facility and recreation facilities for leisure and community gatherings. It also provides ownership of old tenanted property to its occupiers and creates exponential value after Redevelopment as compared to its earlier status.

Frequently Asked Questions

Existing members / tenants do-not have to bear any extra costs for redevelopment.