WHAT IS REDEVELOPMENT?
Redevelopment
is the process of demolishing existing old society building and reconstructing
it by appointing a good developer who can construct and handover new flats to
the society members free of cost with some additional benefits and make profit
by utilizing balance plot potential by constructing additional flats and shops
as per approval from M.C.G.M.
ADVANTAGES OF GOING FOR REDEVELOPMENT
OVER REPAIRS
Today the societies are opting to go for redevelopment than repair for
the following reasons :
Repairs
Redevelopment
1) The repair work can increase life Redevelopment gives a new building
of the building by 3 to 4 years and
for which no major repairs required for
the problems can reoccur after few
longer period.
years.
2) The old buildings are designed New building is constructed with new
with old construction norms and
construction norms and hence can
hence cannot withstand with new
withstand with new climatic and
climatic and geographic conditions.
geographic conditions.
3) For repairs members have to In redevelopment, members get
spend money.
benefits in terms of money as well as
additional area.
4) In old building the steel inside As the building is new this issue
does
concrete beams and column starts
not arise.
corroding after 15-20 years which
cannot be treated in repairs.
Thus in redevelopment, the members get new fresh building + additional
area + monitory benefits without spending any money from their own pockets
leakages in building is a common problem and if not attended properly it starts eating the structure from within, hence i advice all those buildings which are built more than 30-40 years back, must contemplate the idea of Redevelopment only rather than wasting time and money on repairs... somethings are beyond repairs, be it stubborn woman or old dilapidated building ..
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