A.Replan, redesign & rebuilt on the same location.
- Due to poor maintenance the old buildings are in dilapidated condition.
- Old buildings may not withstand high magnitude Earthquake.
- Family needs grown, so we needs more space.
- Cars have increased, parking is a major issue.
- Insufficient facilities & open area for senior citizens, kids etc.
- New buildings with modern amenities.
- New construction with earthquake resistance technology.
- New Flat area will increase from one’s existing unit. However, exact increase will depend upon as agreed between the Society and Developer
- Adequate parking provision
- More open & green area for residents, senior citizens & kids.
- Additional facilities i.e. club with gym, swimming pool, recreational areas etc.
- Modern amenities such as fire fighting system, power back up, high speed lifts, latest security systems including cctv cameras & individual gas cooking connection.
A.In Co-operative Group Housing Societies redevelopment is taking place in Mumbai. In Delhi, Government/DDA had/has taken up redevelopment in New Moti Bagh, East Kidwai Nagar, Karkardooma, Commercial near Sanjay lake in East Delhi.
A.Entire land of society will be required for redevelopment. However, construction/development may take place in phases.
A.Subject to final guidelines of redevelopment to be issued by the DDA and other applicable laws, majority decision should prevail, however co-operation from every owner/member is required for redevelopment in the interest of the society.
A.All flat owners/ members of a society are eligible. However for redevelopment, all flats in Society are requires to be freehold.
A.No, it requires to be a free hold property.
A.Click here for Redevelopment Process is as under-
A.The redevelopment will be in accordance with prevailing laws as applicable to cooperative society’s and policy of redevelopment, and other applicable laws & regulations.
A.Constitution of the redeveloped society will be as may be decided by the concerned society.
A.Yes, unless society changes its constitution, if permissible into any other entity such as Limited Company etc.
A.In lieu of contribution of the share in society’s land, the owners/members shall have the proportionate share in the society’s land as applicable in the redeveloped society.
A.Under the redevelopment, the Developer in accordance to the agreement with the society would normally provide the proposed redesign of the society and may suitably considering the suggestions/concerns of the society to extent possible, within the ambit of MOU/Agreement the developer will seek the building approval from the authority. Therefore, invariably members should be able to get bigger size accommodation in comparison to their existing accommodation.
A.Should approximately be 20-30 stories as may be approved by the authority in the sanctioned plan.
A.The owners/members remain to be entitled to proportionate share in the society’s land as applicable in the redeveloped society along with a newly constructed flat with additional area and modern amenities.
A.The owner of the land is the society and even after the redevelopment the ownership of the land does not change and continues to remain with the society.
A.The allotment of share of society’s flats in the redeveloped society shall be done through transparent mechanism of draw of lots and/or as may be permissible under the prevailing laws applicable to the society.
A.In lieu of old meters, the developer would facilitate and provide a new meter with revised load as per the norms to the residents. However, any deposit (security etc.) fees, outstanding dues etc. payable to the concerned service provider shall be bourne by the owners/members.
A.The redevelopment will be based normally on green building norms. The requirement of water for kitchen and drinking is approximately 15%-20%. By way of dual piping system, water recycling methods etc. the additional requirement of water should be adequately met. Further, the overall policy of redevelopment to be notified by the Government usually considers all such factors and is notified.
A.Such owners/members will be suitably considered in the redevelopment proposal in consultation with society.
A.Unauthorized construction beyond sanctioned/completion will not be eligible for any increase in additional area.
A.There will be a tripartite agreement between member’s, Bank/HFC & Developer and will be governed accordingly.
A.It will be as may be decided by the society, from time to time.
A.It will be as per the constitution of the society and prevailing laws. The Developer is merely redeveloping the society’s land.
A.A detailed time bound, iron cast MOU/Agreement will be entered between the society and the Developer, which will suitably capture guarantees, sureties etc., if any as may be mutually agreed.
A.Modular Kitchens and Almirahs will be provided in the flat by the Developer.
A.After all statutory approvals, normally 3 to 4 years will be required to complete the redevelopment and handing over of the flats. The specs, timelines, facilities, and all such other understandings will be suitable capture in the MOU/Agreement to be entered into in line with the redevelopment policy and applicable laws.
A.Usually a timeline of 8-10 months from the signing or as mentioned in the MOU/Agreement will be required to obtain the requisite permission for the start of redevelopment of the society’s land. Agencies/Authorities involved are Delhi Development Authority (DDA)/concerned Municipal Corporation of Delhi (MCD), Registrar Co-operative Societies (RCS), Delhi Jal Board (DJB), Delhi Urban Art Commission (DUAC), Delhi Fire Services (DFS), Airport Authority of India (AAI) and local power company. However, dismantling of existing flats will be taken up only after obtaining requisite approvals from above mentioned authorities.
A.It will be usually based on prevailing market rental rate of your existing flat and as agreed by Developer and the Society.MOU/Agreement to be entered into in line with the redevelopment policy and applicable laws.
A.The Developer will finance the project from its own sources/Bank and/or Institutional loans/from customer advances etc.
A.The developer will dispose of the flats at its discretion in open markets.
A.It will be open market disposal which will also be available to existing society members.
A.Developer will do construction in a time bound manner. However, construction timeline, delay, penalty etc. clauses shall be as per mutual agreement captured in the MOU/Agreement to be entered between Developer and the society.