Loading...

ABOUT SELF REDEVELOPMENT

Redevelopment

  • Demolition of old structure and construction of new structure with better facilities, dimensions and amenities.

Self-Redevelopment

  • Redevelopment executed by existing members using resources with the support of financing agencies and professionals.
  • Redevelopment with better accountability and transparency.
  • Redevelopment without interference of any developer.

Benefits Of Self Redevelopment For Society

  • Maximum Profit
  • Complete Transparency
  • Development Rights Retained
  • Total Project Control
  • Extra area at project cost
  • Assured timeline for getting accomodation in newly built premises

Developers Redevlopment Vs Self Redevelopment



Developers Redevelopment Self-Redevelopment
Development rights are transferred to Developer Development rights remain with the society
Limited corpus to be distributed by developer to existing members More profits means extra corpus to be shared in the society after completion of the project.
Planning and Design as per Developers view Transparency in Design & Planning for Timely completion of Project
Possession is solely dependent on Developers performance Societies do not have to be dependent on the developer’s timeline and finance
Customization is limited and only as per developers Preference Risk pertaining to Developer dependability is eliminated
Less transparency, that leads to delay in completion of project and more hardships to members Professional guidance from the Team in Project Organisation & Project Management
Profits of the project are retained by Developer Extra profit means less burden of Maintenance cost on existing members
Existing members shall have more say in planning and shall be benefitted with more areas in certain cases