Redevelopment:A Stitch In Time Saves Nine

Redevelopment & Challenges.

As The Term Implies “Redevelopment Means Demolishing the Old Structure and Replacing It with a Newer Structure.

Assuming The Quality Of Material Used In Redevelopment Is Of A Good Standard, The Society Can Be Assured That It Need Not Bother For Any Major Repairs Or Maintenance For The Next 15 To 20 Years.

There Are Many Societies Which Actually Do Not Know Whether They Need Redevelopment. The Members Or The Committee Of Such Society Are Probably Unaware Of The Bye-Laws And Do Not Know The Condition Of The Very Building Which House Them.

For Such Societies & Members It Is Advisable To Go Through The Bye-Law No-77 Which Specifically States The Need To Have A Structural Audit Conducted.

In Case Of The Society Being Situated Outside The Municipal Limits, The Structural Audit Is to be Done By A Government Approved Architect.

Challenges In A Redevelopment:

      The Development Agreement That Forms The Basis Of A Redevelopment Project Is Required To Be Drafted By A Professional Keeping In Mind The Safety And Security Of All the Members. Any Lacuna In The Preparation Of This Deed Would Result In A Great Loss For The Society Members.

      For A Considerable Period Of Time You Are Required To Hunt for Accommodation Which Disrupts your Age Old Routine.

      Additional New Members Would Take A Longer Time To Gel With The Original Members, Resulting In Disputes On Various Issues.

      Additional Members Will Require Extra Consumption Of Water Creating Scarcity Or Shortage Of Available Water Supply.

      Additional Vehicles Need Extra Space.

      New Constructions Loaded With All Kinds Of Modern Amenities Which In Turn Shall Increase In The Cost Of Maintenance To Be Paid To The Society.

      Increase In Property Tax.

      Fear Of Halfway Stalled Project Resulting In Court Battles.

According To Shri Mahendra Sawant, Architectural Head Of LandguruZ, Majority Of the Mumbaikars Are Aware Of The Merits Of Redevelopment But Seldom Do They Think Of The Challenges & the Need Of Having A First Aid  For Overcoming The Same Before Entering Into A Redevelopment Agreement?

 He Further Adds To The Quote “GRASS IS GREENER ON THE OTHER SIDE” By Saying “GO ON THE OTHER SIDE TO SEE IF ACTUALLY THERE IS ANY GRASS”

  Forget Of Dreaming The Greener Aspect If The Society Does Not Adhere The Safety Policy For Redevelopment He Says.

He Feels that A Redevelopment Project Should Be Always Carried Out With A Lot Of Caution And Under Supervision Of A Synergized Project Management Consultancy As One Single Mistake Could Land The Entire Society Members In Serious Trouble.