Redevelopment simplified
28th September Bombay times
Owning a home in 'Mumbai' is itself a big achievement in one's life and when the same home is likely to go in for redevelopment, then anxieties run high, millions of questions (positive as well as negative) keep hounding the mind.
In today's time redevelopment has become a complex procedure as it involves Members who are owners of their apartments, Housing societies comprising of so many members (co-operative / unco-operative) and Builders who are only interested in profits (in ethical / unethical way).
'Greed' is the main cause of redevelopment projects being stalled, delayed or completely scrapped off, as the members expectations are too high, and the builder's expectation of returns on investments is exemplary whereby none of them are ready to compromise on their personal expectations. Hence, the quality of the construction and timely deliveries adversely affects such redevelopment projects.
In order to increase monetary benefits, the society avoids appointing professionals like PMC , Architect , Engineer, lawyer etc from their end and totally rely on the Developer thereby entrusting all responsibilities pertaining to completion of the project . Even in the housing societies where the PMC and other professionals are reluctantly appointed under pressure from other members, the managing committee/ members either sidelines their involvement once the developer is appointed or in some cases fail to utilize them to the optimal extent as they have misconceptions of knowing everything about redevelopment. Moreover, unfortunately if anything goes wrong, all the society members suffer the consequences of such negligence. Hence, a professional's view and suggestions can NOT be ignored or sidelined in any manner in order to safeguard the overall interest of the housing society and its members in redevelopment.
In the entire redevelopment procedure, what members lack is 'Trust' among each other and most importantly 'Technical Knowledge'. Knowledge of planning & approvals from architect's point of view , knowledge of documentation & clauses in agreements from the lawyer’s point of view , the importance of quality of construction & durability from engineer's point of view.
Knowledge-sharing exercise is a must to bring the awareness among all. Hence, leading PMC 'Edifice Erection Pvt. Ltd.', has organized a seminar pertaining to 'Knowledge - Sharing' on the subject of redevelopment on Sunday 29th September at Laxmi nagar Hall, Khar 10th road at 9.30 am., where leading industry professionals shall come under one roof including the Deputy Registrar/s of Societies, to educate the members of Housing Societies on the subject of Redevelopment and make them aware of the prospects and restraints regarding the same.
By Utkarsh Jani of www.redevelopmumbai.com
28th September Bombay times
Owning a home in 'Mumbai' is itself a big achievement in one's life and when the same home is likely to go in for redevelopment, then anxieties run high, millions of questions (positive as well as negative) keep hounding the mind.
In today's time redevelopment has become a complex procedure as it involves Members who are owners of their apartments, Housing societies comprising of so many members (co-operative / unco-operative) and Builders who are only interested in profits (in ethical / unethical way).
'Greed' is the main cause of redevelopment projects being stalled, delayed or completely scrapped off, as the members expectations are too high, and the builder's expectation of returns on investments is exemplary whereby none of them are ready to compromise on their personal expectations. Hence, the quality of the construction and timely deliveries adversely affects such redevelopment projects.
In order to increase monetary benefits, the society avoids appointing professionals like PMC , Architect , Engineer, lawyer etc from their end and totally rely on the Developer thereby entrusting all responsibilities pertaining to completion of the project . Even in the housing societies where the PMC and other professionals are reluctantly appointed under pressure from other members, the managing committee/ members either sidelines their involvement once the developer is appointed or in some cases fail to utilize them to the optimal extent as they have misconceptions of knowing everything about redevelopment. Moreover, unfortunately if anything goes wrong, all the society members suffer the consequences of such negligence. Hence, a professional's view and suggestions can NOT be ignored or sidelined in any manner in order to safeguard the overall interest of the housing society and its members in redevelopment.
In the entire redevelopment procedure, what members lack is 'Trust' among each other and most importantly 'Technical Knowledge'. Knowledge of planning & approvals from architect's point of view , knowledge of documentation & clauses in agreements from the lawyer’s point of view , the importance of quality of construction & durability from engineer's point of view.
Knowledge-sharing exercise is a must to bring the awareness among all. Hence, leading PMC 'Edifice Erection Pvt. Ltd.', has organized a seminar pertaining to 'Knowledge - Sharing' on the subject of redevelopment on Sunday 29th September at Laxmi nagar Hall, Khar 10th road at 9.30 am., where leading industry professionals shall come under one roof including the Deputy Registrar/s of Societies, to educate the members of Housing Societies on the subject of Redevelopment and make them aware of the prospects and restraints regarding the same.
By Utkarsh Jani of www.redevelopmumbai.com
