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RE-DEVELOPMENT
MAULI SAI
DEVELOPERS PVT. LTD. would like to introduce ourselves as one of
the reputed Builders and Developers in Malad and Mumbai who are
specialized in Re – Development and Re - Construction projects of
Residential properties and commercial properties. We have with us an
expert team of Architects, Engineers & Contractors with vast
knowledge and experience in the field.
As all the members might be aware that now is the trend of
Re-Development and Re - Construction of old dilapidated structures
and replacing them with new well planned and designed structures
with flats and commercial offices having modern and latest
amenities.
We would like to present the concept and advantages of
Re-Development and would also like to make you understand the
importance and benefits of the same.
WHAT IS
RE-CONSTRUCTION & RE-DEVELOPMENT:
As the
term implies “Re – Development Re - Construction means
demolishing the Old Structure and replacing it with a new structure
with new dimensions and space." Since this kind of a change
is effected with a brand new building standing in place of the old
building. The prime advantage of such transformation is evident –
the usual difference between the old and the new. Assuming that the
quality of material used in Re – Development is of good standard,
the society can be assured that it need not bother for any major
repairs or maintenance for the next 20 years.
The
replacement of the old building with a new one is indeed a huge and
arduous task. It might appear to be grueling at first but it is not
at all complicated if the society members keep their cool and
undertake the correct procedure.
Where the
society has to appoint a builder or a construction company or a
contractor for redevelopment, an agreement has to be executed. Such
agreement is known as the “Redevelopment Agreement”.
It is the basis of redevelopment project and should be drafted
meticulously keeping in mind the safety and advantages to be derived
with mutual benefits. The original members could demand compensation
in the form of extra space, compensation in cash or both in certain
cases. It depends upon the kind of project to be undertaken.
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WHY
RE-CONSTRUCTION & RE-DEVELOPMENT:
*
Corpus Fund could be achieved which would take care of their share
(original members) of the maintenance cost of the premises.
Otherwise this amount could be utilized for other purposes as per
the decision of each individual member.
*
Apart from the
additional 100 to 200 sq feet that on would get as compensation from
the developer. If any of the family requires additional
accommodation in the same building, it can be achieved by purchasing
additional space from the developer at the best available price.
This would enable the family to live in the same vicinity.
*
The
trend of building huge complexes and high rise apartments, towers as
they are called have lifts installed which not carry the people from
bottom to the top, but in some cases there are lifts that transport
the vehicle owned by the rich and famous to their houses situated on
the upper floors.
*
Modern amenities and electronic gadgets are being widely used making
life more luxurious and safe. Modern gadgets such as close in
circuit cameras, intercom systems, smoke detectors, fire fighting
alarm system, metal detectors etc.
*
These complexes and towers have excellent stilt or sometimes
underground parking facilities which eases the traffic congestion in
the society premises. This not only saves precious space but also
ensures discipline traffic flow in the society premises.
• Bigger
room sizes.
• Larger toilets.
• Attached Bathroom in Bedrooms.
• Concealed Plumbing and Electrical lines.
• Better planned and designed flats.
• Proper decorative entrance lobby.
• Proper Playground for children (if possible).
• Availability of Modern elevators.
• Earthquake – resistant structure.
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• Tailor made flat design to satisfy the needs of the member.
• Society office.
The List of Document required for Re-Development from the societies:
a) Society
Registration Certificate.
b) Approved Building Plan.
c) Conveyance Deed / Lease Deed / Sale Deed.
d) Copy of Resolution.
e) Documents / Papers / Deeds / Agreements etc. whatsoever in
nature related to the societies plot.
f) Property Card.
g) D. P. Remark.
h) Extract of 6/12, 7/12.
i) Search report and Title certificate
j) Index II
k) N. A. Order.
l) City Survey Plan
m) i) Copy of I. O. D
ii) Commencement Certificate
iii) Occupation Certificate
iv) Completion Certificate
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