Why go for redevelopment?

Q: If I am redeveloping my house what are the advantages I am going to get then?

Vasanth,

4th August 2013

Real estate News in Mumbai

redevelopment of projects in mumbai

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Replies (4)

Redevelopment is one of the best thing to get bigger home, better amenities and safe living. It is important to check the developer's credentials before selecting any builder and not just get trapped with larger offers. details visit www.redevelopmentconsultant.com

Vikas Jain, Mumbai

7th April 2015

Comment

Developers also give additional payouts to the owners as a goodwill gesture and to provide value to the owners. This is generally fixed at the time of drafting of the agreement.The amount is negotiable and it depends upon the margin the developer would generate after selling the added units.

Deepankar Godbole, Mumbai

5th August 2013

Comment

Moreover there are certain monetary benefits also that render re-development as a good option. But this kind of development depends on how you draft the re-development agreement. There are certain aspects of the draft that may be negotiated with the developer at the time of auction.

Ashish Bhoite, Mumbai

5th August 2013

Comment

At the time of construction, owners need not have to rush around for an alternate accommodation. The developer is required to offer either transit housing within the construction site or pay for a rental accommodation during the entire duration of construction. The owners should negotiate and ask the developer to pay a fair rental amount as per the market price.

Praveen Modi, Mumbai

5th August 2013

The main advantage of opting for re-development is the renovated and aesthetically enhanced home the owners get post construction. Apart from aesthetics, the owner will also get a larger area and more amenities.

Praveen Modi, Mumbai

5th August 2013

Comment

Previously housing societies had smaller homes with large open space. But if these homes are re-developed, this extra space may be utilised in a better way which will not only provide additional carpet area to the owner but also to offer modern amenities like gymnasiums, club houses etc.

Deepankar Godbole, Mumbai

5th August 2013