What is Redevelopment?
•“Redevelopment”meansdemolitionoftheoldand
existingstructureandreplacingitwithanew
structurehavingnewdimensionsandspace.
•Theprimeadvantageofsuchatransformationcan
beseenfromtheusualdifferencebetweentheold
andthenew.
•BlightorDilapidatedstructuresaremostly
redeveloped.
•Redevelopmentagenciesdeclareareasasblightedor
dilapidated.
Reason for Redevelopment
•The building which are
on the verge of collapse
•Extensive Damages
•Cannot be easily repaired
•Land space are scarcer
•Slum Clearance
Reasons for Redevelopment
Population
Density
Ways for
new avenue
Documents required for Redevelopment
Society
registration
certificate
Approved
building plan
Conveyance
deed/ lease
deed/ sale deed
Documents
related to the
society’s plot
Property card DP remark Extract of 7/12
Search report
and Title
certificate
NA order City survey planCopy of IOD
Commencement
certificate
Occupancy
certificate
Completion
certificate
NOCs required for
Redevelopment
•Non-Agriculture (NA) permission
•Tree Authority (BMC)
•Storm Water and Drain Department(BMC)
•Sewerage Department(BMC)
•Electric Department(BEST)
NOCs required for Redevelopment
•Chief fire officer (Fire fighting department)
•Environmental Clearance
•Airport Authority of India (Aviation department)
•Ancient Monument Approval
•Traffic and Coordination Department
•NOC for Coastal area.
Non-Agriculture (NA) permission
Time required-Minimum of 3 months. It depends
on compliance of other conditions.
Cost for obtaining approval: It depends on the
location of the project and ranges between Rs2-8
per sqft.
GrantofPermissionbyRevenueDepartment.
Procedureistimetakingandcumbersome.
Procedure for Redevelopment
8. Shifting of the tenants
9. Demolition of the building
10.Obtaining the CC
11.Construction of the new building
12.Obtaining the OC
13.Shifting the old tenants
Who can apply for Redevelopment?
Tenant/member/occupant with a permission of
owner/society
Owner of the premises
Association of tenants
Role of PMC for Redevelopment
PMCismandatoryforredevelopmentofhousing
society(Accordingtoclause79(A)MCSAct,1960)
•Toanalyzeprojectfeasibility.
•ToSeekinformationoftheconveyanceofsociety’s
land.
•SeekinformationaboutavailableF.S.I.&T.D.R.
•Toevaluatethedeveloperswhohavesubmittedtheir
offers.
DC Rules of Redevelopment
•Balconies,OrnamentalProjections,FlowerBeds,
VoidswouldnowbecountedintheFloorSpace
Index(FSI).Tocompensatethis,FungibleFSIto
theextentof35%forResidentialand20%for
IndustrialandCommercialDevelopmentshas
beenallowedwithpremium.
DC Rules of Redevelopment
•FungibleFSIwouldbeavailableat
➢60%premiumforResidential,
➢80%forIndustrialand
➢100%forCommercialattheReady
ReckonerRates
•Parkingwouldbeavailableaspertheprovisionsof
theDCR,but25%moreattheoptionofthe
Developer.
DC Rules of Redevelopment
•Incaseofredevelopmentofcessedbuildingsthe
fungiblecompensatoryF.S.I.totheextentof35%
shallbegrantedwithoutchargingpremium.
Defect Liability Period
•ItistheperiodaftergivingOccupation
Certificateduringwhichifanydefectinthe
workisnoticed,itisthedeveloper’s
responsibilitytorectifythedefect.
•Thisperiodisusuallyof1.5to2years.
Redevelopment Success depends on
•Thedevelopershouldbestrictlychosen.
•Allthemembersofthesocietyshouldgivetheir
consents.
•Allagreements/documentsshouldbegot
scrutinizedbyacompetentAdvocate.
•Bankguaranteeshouldbeobtainedfromdeveloper.
Some of the Redeveloped Projects
in Mumbai
LodhaWorld One
Disadvantages of living in
a township
1.Costly:Buyingaflatinatownshipcancostyou10-15%moreas
mostofthetownshipIndianpropertiesaremostexpensivethan
standalonepropertiesatthesamelocation.
2.Highmaintenance charge:Themonthlyorannual
maintenancechargecanpinchyourpocket.Mostofthetownships
levysubstantialmaintenancefeesascivicamenitiessuchasstreet
lighting,sewerageareunderthetownshipmanagement.
3.LongerconstructionPeriod:Townshipprojectsarecapital
intensiveandthereforedevelopedinphases.Fundingproblems
andregulatoryissuesmightalsodelayprojectconstruction.