Our M.D. Jitendra Shah is chairman of Urban Redevelopment Housing Society Welfare Association and we are giving free advice for redevelopment policy.
Redevelopment of properties of existing Co-operative Housing Societies has been a subject of great interest in recent years, both to the Societies and to the Builders. With the real estate prices touching a new high, residents in old buildings are now discovering that they have an opportunity to unlock immense value from their property by offering it to a Builder/Developer for redevelopment.
Redevelopment is the process of demolishing existing old society building and reconstructing it by appointing a good Builder who can construct and handover new flats to the Society members free of cost with some additional flats and shops as per approval from Concern Authority. Redevelopment has become quite popular in Co-operative Housing Societies since it is a most practical, economical and long term solution in a scenario where old structures are proving uneconomical or obsolete. Whereas for the builder it is a cost effective way to construct residential/commercial premises by utilizing the unused potential i.e. the Floor Space Index – Transferable Development Rights with gradual Capital investment, in times of heavy land prices and in a situation of unavailability of land in good locations.
However, there are many factors/questions that arise during the ongoing process of redevelopment and they are to be taken care of diligently while opting for Redevelopment. These factors by and large are the prompt implementation of Govt. Guidelines, Delay in possession of flats in redevelopment of Housing Society, Delivery of flats in time, Bumps, Bash and Bouncers from Builders, Busting of redevelopment Projects of Housing Societies, Corrupt Members of Managing Committee, Faults, Facts and Fundamentals about redevelopment, Drafting of Development Agreement, Responsibility of Members of the Managing Committee in redevelopment, Letter of Consent to be furnished by a Member of the Housing Society, Corruption in redevelopment, Redevelopment and sand shortage, Recovery of dues from defaulting members, Selection of a good Builder, Unauthorized constructions by Builders and many more.
Our professional competence in the field of redevelopment is the outcome of skilled application of our knowledge and expertise. This includes interviewing and counselling skills, negotiation and mediation skills, research and writing skills, communication and advocacy skills, drafting skills, etc. all of which can be acquired through our guidance on entire process of redevelopment supported by theoretical learning. With prior appointment on 9327014456 or on 079- 26601344.
We have been regularly invited at Seminars organized by various establishments to impact exhaustive and Far-reaching knowledge in meticulous manner encompassing the diverse topics on redevelopment to edu cate and guide the participants from Co- Operative Housing Societies.
We are well equipped with almost all the areas with regular updates of latest developments in Realty Sector and provide an exclusive knowledge to tackle unresolved problems and solutions for successful and winning completion of redevelopment projects which is a dream of the day for any middle class family man.