New house, better facilities<\/strong><\/p>\n\n\n\nMany of the\nstructures that are suitable for redevelopment have serious issues,\nranging from seepage to structural weaknesses. If you live in such a\nbuilding, redevelopment offers you the chance to get a brand-new\nhouse of a better quality, without moving to a different part of the\ncity or spending a huge amount of money. As the builder is typically\nlooking to attract more buyers\u2014especially experienced, aware\nbuyers\u2014he is likely to ensure the quality of the construction.<\/p>\n\n\n\n
For the same reasons, new complexes are\nlikely to have improved and added facilities, such as playgrounds,\nsecurity systems, and better fittings. The market value of a new\nbuilding is also higher than that of a decades-old property.<\/p>\n\n\n\n
More space<\/strong><\/p>\n\n\n\nYour housing society can also negotiate\nwith the developer to ensure that the new flats have a greater\nbuilt-up area than the members\u2019 old homes. Individual flat owners\noften have the option of buying even more space than this. \n<\/p>\n\n\n\n
The developer can also gather together\nseveral adjacent plots for redevelopment, and by combining these old\nplots (many of which are on the smaller side), offer existing\nresidents the chance to get additional space.<\/p>\n\n\n\n
Any downside?<\/strong><\/p>\n\n\n\nThe inconvenience of finding a\ntemporary place to stay may put off some residents, but your housing\nsociety can demand that the builder compensate them adequately for\nthe costs of shifting and renting another property, or provide\nalternative accommodation himself. \n<\/p>\n\n\n\n
In the long run, the inconvenience is\noutweighed by the benefits of owning a new, well-constructed flat in\na familiar location, with additional space and facilities, and of a\nhigher value than the one you currently own. \n<\/p>\n","protected":false},"excerpt":{"rendered":"
Although Mumbai has a desperate need
\nfor new and affordable housing, there is an acute shortage of land
\nthat can be used for development in the city.\n<\/p>\n
However, the thousands of old buildings across the city present an opportunity for redevelopment – many can be classified as ‘dilapidated’, with a few even posing serious risks to residents. These old buildings also often do not make full use of current FSI limits. Redevelopment in Mumbai then offers residents a number of opportunities and benefits. <\/p>\n
New house, better facilities<\/p>\n
Many of the
\nstructures that are suitable for redevelopment have serious issues,
\nranging from seepage to structural weaknesses. If you live in such a
\nbuilding, redevelopment offers you the chance to get a brand-new
\nhouse of a better quality, without moving to a different part of the
\ncity or spending a huge amount of money. As the builder is typically
\nlooking to attract more buyers\u2014especially experienced, aware
\nbuyers\u2014he is likely to ensure the quality of the construction.<\/p>\n
For the same reasons, new complexes are
\nlikely to have improved and added facilities, such as playgrounds,
\nsecurity systems, and better fittings. The market value of a new
\nbuilding is also higher than that of a decades-old property.<\/p>\n
More space<\/p>\n
Your housing society can also negotiate
\nwith the developer to ensure that the new flats have a greater
\nbuilt-up area than the members\u2019 old homes. Individual flat owners
\noften have the option of buying even more space than this.\n<\/p>\n
The developer can also gather together
\nseveral adjacent plots for redevelopment, and by combining these old
\nplots (many of which are on the smaller side), offer existing
\nresidents the chance to get additional space.<\/p>\n
Any downside?<\/p>\n
The inconvenience of finding a
\ntemporary place to stay may put off some residents, but your housing
\nsociety can demand that the builder compensate them adequately for
\nthe costs of shifting and renting another property, or provide
\nalternative accommodation himself.\n<\/p>\n
In the long run, the inconvenience is
\noutweighed by the benefits of owning a new, well-constructed flat in
\na familiar location, with additional space and facilities, and of a
\nhigher value than the one you currently own.<\/p>\n","protected":false},"author":1,"featured_media":1767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[31],"tags":[47,36,35,46],"yoast_head":"\n
Scope for Redevelopment in Mumbai - PCPL Blog<\/title>\n<meta name=\"description\" content=\"Mumbai has desperately required Redevelopment projects because fulfill the need for new and affordable housing, as we know the Mumbai has a shortage of land.\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pranavconstructions.com\/blog\/2019\/09\/29\/scope-for-redevelopment-in-mumbai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scope for Redevelopment in Mumbai - PCPL Blog\" \/>\n<meta property=\"og:description\" content=\"Mumbai has desperately required Redevelopment projects because fulfill the need for new and affordable housing, as we know the Mumbai has a shortage of land.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pranavconstructions.com\/blog\/2019\/09\/29\/scope-for-redevelopment-in-mumbai\/\" \/>\n<meta property=\"og:site_name\" content=\"PCPL Blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-29T13:32:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-14T11:52:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pranavconstructions.com\/blog\/wp-content\/uploads\/2019\/09\/Redevelopment-in-Mumbai.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1816\" \/>\n\t<meta property=\"og:image:height\" content=\"914\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/posts\/1751"}],"collection":[{"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/comments?post=1751"}],"version-history":[{"count":2,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/posts\/1751\/revisions"}],"predecessor-version":[{"id":1769,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/posts\/1751\/revisions\/1769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/media\/1767"}],"wp:attachment":[{"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/media?parent=1751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/categories?post=1751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/tags?post=1751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}