Mahesh 10 October 2016

Redevelopment_precaution

Some of us might have read the news on TOI dated May 2, 2016; Redevelopment stops, 500 Dadar families lose roof and rent.

I stay in mira road and our society has planning for Redevelopment. Could you please let me know how to select a developer and what are the points should i consider before selecting builder.
Even i would like to know the how the entier process work ? would be great is someone brief. what if the developer goes bankcrupt?

would be great if someone suggest developer which are reliable and even any website where i can post tender.

i will appreciate any help on this.

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4 Replies

Ms.Usha Kapoor (CEO) 11 October 2016

Reputed websites for posting your tenders online are the following:

https://www.subinfra.com/business-partner.phpl

www.buildingindustryonline.com.au/

As far as Reputed Biuilders and Developers are concerned they are many. But to name a few Tatas, Godrej, Lodhas etc. They are not only reputed for their high quality constructiuon work but also are reliable.If you appreciate this answer please click the thank you button on this forum.

G.L.N. Prasad (Retired employee.) 11 October 2016

You are soliciting the investment help and expertise of builders, credit worthiness etc., from a forum dedicated for guidance on litigation. Let all owners form as a commitee, elect officce bearers, make the society / Association with robus funds for seeking professional advise. Just make inquiries with such owners who has given their lands previously for such developments at other places their experiences and then decide. Remember, common owners are no match to developers/builders and only professionals can tackle them.

Kishor Mehta (CEO) 11 October 2016

Sir,

Government of Maharashtra has issued a circular on 3rd January 2009, this very clearly and exhaustively depicts the mandatory procedure to be followed by the societies while opting for redeveopment.

The circular is attached for your perusal.

Good Luck,

Kishor Mehta

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