Main reason to go for Redevelopment - Utkarsh Jani

Redevelopment word is a buzz word right now and we see everywhere redevelopment is going on in Mumbai city, hence we wanted to find out what is the main reason to go for such redevelopment and we carried out a survey by asking 1000 society members to know their preference to go for redevelopment . each individual has separate needs and preference but surprisingly one preference of additional area was prominent factor for most of the members. Results of our survey are as follows:

What is the main reason to go for Redevelopment for housing societies?

TABLE NO 5.12: REASON FOR REDEVELOPMENT

Additional area (Extra bedroom)	650
Corpus for future maintenance	50
Amenities and modern planning	150
Existing Dilapidated building	150
TOTAL	1000

CHART NO 5.12: REASON FOR REDEVELOPMENT

INTERPRETATION:

Here, it has been clearly understood that the main reason of redevelopment is additional space for housing society members as 65% respondents think that they need additional space for their families, 5% respondents need Corpus for future maintenance and 15% respondent need amenities & modern plan and remaining 15% go for redevelopment as their existing building is dilapidated and cant sustain for long.

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