What Is the Process of Redevelopment?

Redevelopment occurs when new construction is added to previously occupied land or the land structures need to undergo renovations. The three steps involved in the redevelopment process include an environmental site assessment, a response action plan, and monitoring the construction project at hand.

What is the procedure for redevelopment?

When at least 90% of the members give consent letters to the society, the society should give a letter of intent to the selected developer / builder and request him to furnish plans of the new buildings to be constructed, amenities to be provided and allotment of flats to members as per the new plan.

What happens when a building goes into redevelopment?

Redevelopment is the process of demolishing existing old society building and reconstructing it by appointing a good Builder who can construct and handover new flats to the Society members free of cost with some additional benefits and make profit by utilizing balance plot potential by constructing additional flats and ...