REDEVELOPMENT OF RESIDENTIAL BUILDINGS

PROJECT TRAINING WITH

Dhargalkar Technoesis Private Ltd., D-104, Radha Govind, Siddharth Nagar, Borivali(East)

Site Address: Flower Bloom Society, Veera Desai Road, Andheri(East)

Dhargalkar Technoesis Private Ltd.

Dhargalkar Technoesis (I) Pvt. Ltd. is an organization having extensive experience in the domain of construction projects. With a track record of handling large construction projects for our reputed clients in India and abroad for the past sixteen years

INTRODUCTION
Redevelopment is a process by which local government works in

partnership with private development to enhance the social, economic, physical and environmental vitality of a city within specified project areas. Redevelopment has a direct effect on the economic future of Country because it promotes renovation and sponsors improvements that are focused on the growth of the community. The maintenance and improvement of the project area and the positive effect they have on the rest of the community is a major goal of Redevelopment.

REPAIRS AND REDEVELOPMENT: DIFFERNECES

FUNDS ARE TO BE RAISED FROM THE SOCIETY

REPAIRS

FUNDS ARE BEING GIVEN BY THE BUILDERS

REDEVELOPMENT

THE STRUCTURE AFTER REPAIR LAST FOR 5 YEARS

THE STRUCTURE AFTER REDEVELOPMENT LAST FOR 20-25 YEARS REPAIR DO NOT SOLVE THE PROBLEM REVEVELOPMENT PROVIDE MORE OF MORE HOUSING REQUIREMENT IN HOUSING REQUIREMENT TO THE THE CITY LIKE MUMBAI CITY LIKE MUMBAI REDEVELOPMENT INCREASES THE REPAIR CAN IMPROVE THE STANDARD OF PEOPLE AND TEMPORARY CONDITION OF IMPROVE THE INFRASTRUCTURE OF BUILDINGS BUILDINGS.

LITERATURE REVIEW
Redevelopment refers to the process of

reconstruction of the residential/commercial premises by demolition of the existing structure and construction of a new structure.
This is done by utilizing the potential of the

land by exploiting additional TDR, FSI as specified under the Development Control Regulations of Municipal Corporation of Greater Mumbai (MCGM).

WHY REDEVELOPMENT IS REQUIRED

For Existing Owners:
Though they are in direct need of extensive

repairs, societies are starved of necessary funds required to carry them out. On one hand, they do not have the resources and expertise to handle the repairs on their own and on the other, the families of the members have expanded and they need larger space to accommodate themselves.

WHY REDEVELOPMENT IS REQUIRED

For Builders/Developers: Builders/Developers opting for purchasing land and developing the same, incur huge stamp duty cost on transfer of land. Instead redevelopment of old building reduces stamp duty to a significant extent. Entering into such development agreement with the society authorizes the developer to develop the land.

OBJECTIVE OF PROJECT
Transform the fractured development in to

cohesive urban unit. Provide modern accommodation and social services which raise living standard of the people. Provide an environment which permits the residents to live fuller and richer lives free of physical and social stress. To facilitate development and proper maintenance of infrastructure facilities such as sewerage / storm water drainage /DP Roads which cannot be developed because of the present haphazard Development

SCOPE OF WORK
FEASIBILITY REPORT. LAUNCH OF TENDER. BUILDER SELECTION. PLANNING OF NEW BUILDING. DEMOLISHING OF THE EXISTING STRUCTURE.

EXCAVATION.
PLINTH LEVEL FOUNDATION. NEW BUILDING CONSTRUCTION.

POSSESION TO EXISTING MEMBERS.

Role Of PMC
The builder approaches the owner of the

land, enters into an agreement with the owner for permission to develop the land on the owners behalf.
The builder constructs the buildings at his

cost, retains some flats for himself to be sold in the open market, gives a few flats to the landowner and also pays him some monetary consideration.

 Later, these flats are sold by the developer in

the open market and from such sale, he makes a profit.

Later, when the building is actually conveyed

to a co-operative society or a company, the landowner and builder become party to the conveyance deed on which the stamp duty is payable and the same is also registered

CHALLENGES
Inability to assemble all members of the

society at a single point of time, as some of the members may not be available. Some flats may be mortgaged to a bank or a financial institution
Some of the members may be interested in

purchase of new flats at a discounted rate in the new building.

Anxiety in the minds of the members about

possible delay in completion of the project.

 The old documents of the members may not be

traceable.
The tax issues regarding redevelopment are

not clear to the society.

Very high prices are expected on sale of old

flats.
Corpus amount takes a long time to be fixed by

the society.

CONCLUSION
There are constraints on the availability of open land

within the city limits with fast growing demand for houses and shortage of housing stock. There are thousands of ageing buildings which are dilapidated and have reached a stage where it is not possible to carry out structural repairs and rehabilitation. The problem of old and dilapidated buildings in the city of Mumbai grows more acute with each passing year and building becomes dangerous and unfit for habitation. The only solution is to put them down totally and to reconstruct them.