Redevelopment has become quite a popular trend today as it is a win-win situation for both the builder as well as the society residents.
However, there are certain prerequisites that housing societies should consider to avoid later regrets.
Before a complex or building undergoes a redevelopment process, it should abide by specific criteria.
Firstly, the complex should be more than 25 years old. Any project that is less than 25 years does not qualify for redevelopment. Secondly, the builder in-charge should declare the structure as dilapidated.
Lastly, reconstruction requires the consensus of a minimum of 75 percent of the society's residents.
Who can call for Re-Development
- Managing Committee suo-moto
- An application is received from 1/4 of members of the flats.
The Managing Committee shall place before the General Body
the agenda item for taking policy decision relating to Re-development of building.
If the above are not complied with you can protest and initiate legal proceedings to stop the proceedings