Yeah , Mumbai growth is only vertical with the land bank depleting , societies planning for redevelopment have an option to opt for self redevelopment vs a builder , it benefits the society member with extra carpet and an critical option to plan building their own homes without an involvement of a builder.
Society planning to go for self redevelopment need to pass this proposal in their SGM
- Society needs to first appoint a PMC who will prepare a feasibility report for self redevelopment
- Post which a lawyer needs to be appointed for legal
- Finance team to manage all aspects of procurement, sales , tax , gst etc
- Sales Team for ensuring flats are sold as per market price and on time
Though the process sounds lucrative & beneficial to the whole society , flip side society would need to have an extremely STRONG committee to execute the whole process.
Please contact us for further detail process for Self Redevelopment , we are one stop shop for Architect , Redevelopment PMC , Construction PMC , we have a strong team to execute all aspects to execute Self Redevelopment