Top Builders in Delhi

Q1.What is Redevelopment?

A.Replan, redesign & rebuilt on the same location.

Q2.Why Redevelopment?
  • 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.
Q3.What are the benefits of Redevelopment?
  • 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.
Q4.Where else Redevelopment is happening in India?

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.

Q5.Whether part or whole of society area is required for redevelopment?

A.Entire land of society will be required for redevelopment. However, construction/development may take place in phases.

Q6.If 75% flat owners/members agree to go for redevelopment, what will happen to those who don’t agree?

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.

Q7.Who is eligible?

A.All flat owners/ members of a society are eligible. However for redevelopment, all flats in Society are requires to be freehold.

Q8.Are Power of Attorney holders eligible?

A.No, it requires to be a free hold property.

Q9.What is the procedure?

A.Click here for Redevelopment Process is as under-

indicative-procedures

Q10.Will it be in the ambit of Delhi Co-operative Societies Act, 2003 and Rules made their 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.

Q11.What will be the constitution of the redeveloped society?

A.Constitution of the redeveloped society will be as may be decided by the concerned society.

Q12.Will the society be governed by the Delhi Co-operative Societies Act, 2003 and Rules, post redevelopment?

A.Yes, unless society changes its constitution, if permissible into any other entity such as Limited Company etc.

Q13.What benefits will the resident members get for contribution of their share in society’s land?

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.

Q14.When the developer provides new flats, will the current area of bedroom, kitchen, drawing room, bathroom etc. be reduced to accommodate the additional bedroom or area of the flat increases?

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.

Q15.How many stories will be built after redevelopment?

A.Should approximately be 20-30 stories as may be approved by the authority in the sanctioned plan.

Q16.At present all or certain members would have paid for their proportionate share in society’s land, will they be compensated with the market rate?

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.

Q17.What type of documentation will take place between developer and resident so that the ownership of Land remains with the society?

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.

Q18.How will allotment of flats be done during redevelopment?

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.

Q19.Will the developer provide individual electricity, water meters to residents?

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.

Q20.At present water availability is just enough to meet the need of existing flats. How will the developer ensure that the water is sufficiently available to all the flats including to the additional units post redevelopment so that it does not lead to water shortage in the society.

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.

Q21.What will happen to those owners/members living in adjacent 2 flats?

A.Such owners/members will be suitably considered in the redevelopment proposal in consultation with society.

Q22.What will happen to those who are already having more additional area than the sanctioned bedrooms? Will they get additional area as much as they have encroached/extended.

A.Unauthorized construction beyond sanctioned/completion will not be eligible for any increase in additional area.

Q23.What will happen if the flat is mortgaged with any bank/housing finance company (HFC)?

A.There will be a tripartite agreement between member’s, Bank/HFC & Developer and will be governed accordingly.

Q24.What will be the maintenance amount?

A.It will be as may be decided by the society, from time to time.

Q25.Who will have the control over society?

A.It will be as per the constitution of the society and prevailing laws. The Developer is merely redeveloping the society’s land.

Q26.Who will be the guaranteer for completion by the Developer and handing over the flat to its owners?

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.

Q27.Will the Developer provide us the furnishings that have been done in our flats or will he give us raw flats and we have to spend on furnishing it? I am not talking about sofas and chairs but furnishings like kitchen, almirah etc.?

A.Modular Kitchens and Almirahs will be provided in the flat by the Developer.

Q28.How much time is required for redevelopment?

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.

Q29.How much time is required by the Developer to obtain permissions from authorities and who are these authorities/agencies?

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.

Q30.Who will decide the market rate of rent that each flat will get for the period of construction?

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.

Q31.How will the developer finance the project?

A.The Developer will finance the project from its own sources/Bank and/or Institutional loans/from customer advances etc.

Q32.How Developer will sell the additional flats?

A.The developer will dispose of the flats at its discretion in open markets.

Q33.Who will buy the flats?

A.It will be open market disposal which will also be available to existing society members.

Q34.What penalty will the developer pay to members for not delivering in time?

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.