Housing Society Redevelopment Comes Packed With a Lot of Benefits

Most of the housing societies in Mumbai are ageing. Ageing is not limited to human beings. It is used to define the life-span of buildings. As a matter of fact, most of the housing societies in Mumbai are in extremely poor state. They are on the verge of tumbling down. With news of old buildings tumbling down and causing disaster, it’s time to take some action. In fact, old housing societies can opt for Building Redevelopment in Mumbai. 

Redevelopment: A New Norm:

Redevelopment of Housing Societies has become a new norm. Many developers are approaching the residents of the old buildings so that their old and partially damaged buildings can be reconstructed into a sprawling and luxurious residential space. 

Most residents are taking the route of Redevelopment of housing society seriously as it’s more practical and economical solution. The reason is pretty simple. The Redevelopment Builders in Mumbai can construct new buildings, be it residential or commercial at a cost-effective rate. On the other hand, most developers are on the search for properties that holds immense opportunity for redevelopment. Additionally, there is an immense possibility of earning some extra bucks by selling the extra flats to other people. Hence, it’s seen that the developers hold a keen interest to invest in the old housing societies, which otherwise needs to be demolished or have exceeded their time-limit. 

Understanding Redevelopment:

In Mumbai, there is a rule that any building that is more than 30 years old needs to be demolished and constructed from the scratch. During redevelopment, the old building is bulldozed. In that place, modern structures with added facilities are constructed. 

Top Benefits:

The need for Redevelopment of Buildings in Mumbai has increased with the passage of time. Nowadays, housing societies are more interested to take the help of reputed builders for their housing society reconstruction. With the builders in charge of housing society reconstruction, the residents can have complete peace of mind. Moreover, when one opts for Housing Society Redevelopment, it comes with some added benefits. 

Extra Carpet Area:

During building redevelopment, the residents can put their claim for some extra carpet area. 

Better Control:

Since the amenities are decide by the builder, they are going to be more utilitarian. The entire task is in the hands of the developers. Hence, everything right from controlling cash flow to sales decision is handled by the builder. 

Risk Mitigation:

Well, with property rights and controls for Redevelopment of Housing Societies in Mumbai being in the hands of the builder, risks get minimized. 

Improved Amenities:

When Redevelopment of Housing Society takes place, the redeveloped property comes with a lot of added amenities. For instance, it can come with swimming pool, firefighting system, lot of space for car parking, high-tech security system and more. 

The subject of Redevelopment of Buildings in Mumbai is gaining tremendous significance. With majority of the housing societies being very old and beyond repairs, redevelopment appeared to be feasible solution.