redevelopment of residential buildings in mumbai

8/13/2019 Redevelopment of Residential Buildings In Mumbai

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REDEVELOPMENT OFRESIDENTIAL BUILDINGS


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INTRODUCTIONRedevelopment is a process by which local government works inpartnership with private development to enhance the social,economic, physical and environmental vitality of a city withinspecified project areas.

Redevelopment has a direct effect on the economic future ofCountry because it promotes renovation and sponsorsimprovements that are focused on the growth of thecommunity.

The maintenance and improvement of the project area and thepositive effect they have on the rest of the community is a majorgoal of Redevelopment.


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REPAIRS AND REDEVELOPMENT:

DIFFERNECESREPAIRS

FUNDS ARE TO BE RAISED FROM THESOCIETY

THE STRUCTURE AFTER REPAIR LASTFOR 5 YEARS

REPAIR DO NOT SOLVE THE PROBLEMOF MORE HOUSING REQUIREMENT INTHE CITY LIKE MUMBAI

REPAIR CAN IMPROVE THETEMPORARY CONDITION OFBUILDINGS

REDEVELOPMENT FUNDS ARE BEING GIVEN BY THE

BUILDERS

THE STRUCTURE AFTERREDEVELOPMENT LAST FOR 20 25YEARS

REVEVELOPMENT PROVIDE MOREHOUSING REQUIREMENT TO THECITY LIKE MUMBAI

REDEVELOPMENT INCREASES THESTANDARD OF PEOPLE ANDIMPROVE THE INFRASTRUCTURE OFBUILDINGS.


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LITERATURE REVIEW

Redevelopment refers to the process ofreconstruction of theresidential/commercial premises by

demolition of the existing structure andconstruction of a new structure.

This is done by utilizing the potential of the

land by exploiting additional TDR, FSI asspecified under the Development ControlRegulations of Municipal Corporation ofGreater Mumbai (MCGM).


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WHY REDEVELOPMENT IS

REQUIREDFor Existing Owners:

Though they are in direct need of extensiverepairs, societies are starved of necessaryfunds required to carry them out.

On one hand, they do not have the resources

and expertise to handle the repairs on theirown and on the other, the families of themembers have expanded and they need largerspace to accommodate themselves.


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OBJECTIVE OF PROJECT

Transform the fractured development in tocohesive urban unit.

Provide modern accommodation and social

services which raise living standard of the people.Provide an environment which permits theresidents to live fuller and richer lives free ofphysical and social stress.

To facilitate development and proper maintenanceof infrastructure facilities such as sewerage /storm water drainage /DP Roads which cannot bedeveloped because of the present haphazardDevelopment


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S OPE OF WORK

FEASIBILITY REPORT

LAUNCH OF TENDER

BUILDER SELECTION

PLANNING OF NEW BUILDING

DEMOLISHING OF THE EXISTING STRUCTURE

EXCAVATION

PLINTH LEVEL FOUNDATION

NEW BUILDING CONSTRUCTION

POSSESION TO EXISTING MEMBERS


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Role Of PMC

The builder approaches the owner of theland, enters into an agreement with the ownerfor permission to develop the land on theowners behalf.

The builder constructs the buildings at hiscost, retains some flats for himself to be

sold in the open market, gives a few flats tothe landowner and also pays him somemonetary consideration.


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Later, these flats are sold by the developer inthe open market and from such sale, he makesa profit.

Later, when the building is actually conveyedto a co-operative society or a company, thelandowner and builder become party to the

conveyance deed on which the stamp duty ispayable and the same is also registered


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CHALLENGESInability to assemble all members of thesociety at a single point of time, as some ofthe members may not be available. Some flatsmay be mortgaged to a bank or a financialinstitution

Some of the members may be interested inpurchase of new flats at a discounted rate inthe new building.

Anxiety in the minds of the members aboutpossible delay in completion of the project.


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The old documents of the members may not betraceable.

The tax issues regarding redevelopment arenot clear to the society.

Very high prices are expected on sale of old

flats.

Corpus amount takes a long time to be fixed bythe society.


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CONCLUSION

There are constraints on the availability of open land within the city limits with fast growing demand forhouses and shortage of housing stock.

There are thousands of ageing buildings which aredilapidated and have reached a stage where it is notpossible to carry out structural repairs andrehabilitation.

The problem of old and dilapidated buildings in the cityof Mumbai grows more acute with each passing year andbuilding becomes dangerous and unfit for habitation.

The only solution is to put them down totally and toreconstruct them.

redevelopment of residential buildings in mumbai

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