Redevelopment
Why Choose Redevelopment with Us?
- You receive a new building in place of the old one, with all construction costs and related expenses covered by the Developer.
- Enjoy spacious and upgraded homes with modern amenities and features.
- Experience an increase in parking spaces, with every unit guaranteed at least one car park.
- New buildings include automa8c liBs, power backup for common areas, and enhanced safety and security
- Your homes gain substantial value, enhancing your overall lifestyle.
- All these advantages are delivered conveniently at your existing location.
- With over three decades of experience, we bring expertise you can trust.
- As locals, we understand the needs and preferences of Punekars.
- We don't just build structures; we create landmarks.
- We prioritize design, planning, efficient use of space, natural light, and ventilation.
- Renowned national and international architects contribute to our projects.
- Quality is paramount, and we maintain strict quality control procedures on our sites.
- We believe in ongoing innovation, complete transparency, and on-time delivery.
The Redevelopment Process
- Societies initiate discussions about the possibility of redevelopment.
- They then engage with potential developers and solicit redevelopment proposals.
- Developers visit the society to assess the plot's potential after gathering required documents.
- Proposals are presented to the society, outlining aspects such as additional space, costs for temporary accommodation, and proposed amenities.
- These proposals are shared with society members who provide their feedback.
- Further deliberations occur between the developer and the society committee based on the members' input, leading to a finalized proposal.
- The finalized proposal is presented to the general body for approval.
- Upon receiving approval, the process of designing plans for the new building(s) begins, and these plans are shared with the society.
- Once the society endorses the plans, they are submitted to the relevant authorities for approval.
- After obtaining the necessary approvals, existing members are notified to vacate the premises.
- Construction work subsequently commences.
Redevelopment Involves Mutual Benefits
Both sides, the society and the developer, play an equitable role in the redevelopment process. It should result in a mutually advantageous outcome. The society should secure maximum benefits, including increased space, while the developer must recoup its expenses and generate profit.
Redevelopment can only occur when there’s equilibrium, ensuring both parties gain. When evaluating potential developers, the society should take a comprehensive approach, considering not only additional space but also the developer’s:
- Track record
- Expertise
- Reputation
- Quality of ongoing and past construction projects
- Amenities and value-added offerings.