REDEVELOPMENT: NEED FOR THE HOUR
Real estate redevelopment in India refers to the process of renovating or reconstructing existing
properties, usually older buildings or dilapidated structures, to enhance their value and functionality.
This practice has gained significant momentum in urban areas due to increasing population density,
infrastructure demands, and the scarcity of available land for new construction.
Redevelopment
initiatives offer developers numerous benefits, particularly the absence of initial land acquisition
costs, rendering them highly lucrative ventures. Furthermore, the adoption of the Unified Development
Control Promotion Regulations (UDCPR) by the Maharashtra Government serves to augment the appeal of such
projects by providing developers with added advantages.
General Steps for Redevelopment
Does the housing society qualify under dumped state? Have any notices regarding the same been
issued?
सोसायटी अवसायनात आहे का ? याबद्दल काही नोटीस आली होती का ?
What is the duration of the tenure of the current governing committee?
आता असणारी कमिटी किती वर्षे काम करीत आहे ?
Are all members ready for redevelopment?
पुनर्विकासासाठी सर्व मेंबर तय्यार आहे का ?
Is there any mention about Share certificate & society registration in the society records? Have
the details been updated?
सोसायटी रेकॉर्ड मध्ये शेअर सर्टिफिकेट आणि त्याबाबतची रजिस्टर लिहिली आहेत का ? ती अपडेट केली आहेत का ?
Has the society's conveyance deed been executed? And do they possess a 7/12 extract or property
card?
सोसायटीचे कन्व्हेयन्स डीड झाले आहे का? आणि त्यांच्याकडे 7/12 उतारा किंवा प्रॉपर्टी कार्ड आहे का?
Did the initial members of the society transfer the apartment through resale or inheritance?
सोसायटी चे मूळ सदस्य आणि त्यानंतर फ्लॅट पुनर्विक्री किंवा वारस ट्रान्स्फर केले आहेत का ?
Has the selection process been completed?
निवडणूक प्रक्रिया पूर्ण केली आहे का?
Is there any documentation, such as index 2 or other records, that exists pertaining to the
payment of stamp duty by all members involved?
सर्व मेंबर नी स्टॅम्प ड्युटी भरले बद्दल चे इंडेक्स २ किंवा इतर कागद पत्रे आहेत का ?
We at B-Orbit undertake redevelopment projects too. Our current ongoing project, OMKAR, is a redevelopment project! Get in touch today.