REDEVLOPMENT of property in real estate area

Property Redevelopments

1. RE- DEVELOPMENT FIND THE HOME OF YOUR DREAM AQUILA-I Assets Pvt. Ltd.

2. CONTENT 2 Introduction Reasons for redevelopment Merits  & Demerits Documents required NOCs required Procedure Role of PMC DC Rules Residential Township Advantages & Disadvantages of Residential Township

3. 3 “Redevelopment” means demolition of the old and existing structure and replacing it with a new structure having new dimensions and space. The prime advantage of such a transformation can be seen from the usual difference between the old and the new. Blight or Dilapidated structures are mostly redeveloped. Redevelopment agencies declare areas as blighted or dilapidated . Redevelopment is any new construction on a site that has pre-existing uses. It represents a process of land development uses to revitalize the physical, economic and social fabric of urban space. What is Re-Development

4. Reason for Re-Development 4 The building which are on the verge of collapse Extensive Damages Cannot be easily repaired Land space are scarcer Slum Clearance

5. 5 COMPARISON Repair The repair work can increase life of the building by 3 to 4 years and the problems can reoccur after few years .   The old buildings are designed with old construction norms and hence cannot withstand with new climatic and geographic conditions. For repairs members have to spend money. In old building the steel inside concrete beams and column starts corroding after 15-20 years which cannot be treated in repairs. Re-Development New building is constructed with new construction norms and hence can withstand with new climatic and geographic conditions. In redevelopment, members get Benefits in terms of money as well as additional area . As the building is new this issue does not arise

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7. 7 Tree Authority (BMC) 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 REQUIRED

8. 8 Appointment of PMC(Project Management Consultant) Offer letter to the society Terms and conditions with the society Agreement with the society Loading of TDR in the society’s name Obtaining the IOD Shifting of the tenants Demolition of the building Obtaining the CC ( Completion certificate) Construction of the new building Obtaining the OC (Occupancy certificate) Shifting the old tenants PROCEDURE FOR RE-DEVLOPMENT

9. ADD A FOOTER 9 WHO CAN APPLY FOR RE-DEVELOPMENT

10. F or Redevelopment PMC is mandatory for redevelopment of housing society. To analyze project feasibility . To Seek information of the conveyance of society’s land. Seek information about available F.S.I . (Floor Space Index) & T.D.R (Total of Development Rights ) . To evaluate the developers who have submitted their offers. ROLE OF PMC

11. ADD A FOOTER 11 1. Article 226 of CI  gives High Courts the ability to issue instructions, orders, and writs to any person or authority, including the government bodies. provisions of the Co-operative Societies Act, majority of the members have taken a decision according redevelopment (here majority is superior) soil testing laboratory that the condition of the building is dilapidated and requires urgent and is not fit for its safe use (Soil Report standout an great point against private respondents) Mandamus against AMC because of holding the report. opinion of the structural engineer is that - "the buildings are not fit for its safe use. The deterioration is massive, hence, we suggest that if the owners want to use the buildings for long and regular use, it is mandatorily require to go with proper structural strengthening or they should go with replacement of the building and looking to the damages and present condition, it is advised to demolish the building and reconstruct the same. POINTS IN SWAMINARAYAN CASE

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