An important part of urban planning is redeveloping old buildings, particularly in a city with a high population density like Mumbai. Old buildings are given new life through the building rehabilitation process. Additionally, it makes inhabitants’ life better. This blog will assist you if you reside in an old building in Mumbai and are thinking of having it renovated. We will describe the steps involved in Mumbai’s building renovation process
Do I need a Redevelopment?
When a building ages, gets hazardous, and becomes expensive to maintain, redevelopment is taken into consideration. Redevelopment is an excellent choice if the building is more than thirty to forty years old, has leaks, requires frequent repairs, or lacks contemporary facilities.
Form a Redevelopment Committee-
A project consultant is then chosen by the society committee to help them with the reconstruction process. The consultant will help with the preparation of the relevant paperwork, receiving estimates from contractors, and securing the necessary permits.
Prepare the feasibility report
To determine if the redevelopment project is viable, a feasibility study is carried out. An examination of the current structure, a financial evaluation, and an assessment of the possible advantages are all included in this research.
Call for a Society Meeting
The redevelopment process begins with the managing committee convening a special meeting to discuss the project. According to housing society bye-laws, 75% of the members must agree to the redevelopment plan. However, as per an amendment in Maharashtra, smaller and older buildings require only 51% approval. It is advisable to form a special redevelopment committee to oversee the process.
Invite tenders from Developers-
The architect/PMC creates a tender document to get competitive bids from developers based on the feasibility study. One main need, such carpet area or corpus fund, is chosen by the members and becomes a set condition. All proposals are reviewed in front of members and developers during an SGM.
Finalising the Development agreement
After the builder is chosen, the society and the builder need to execute a development agreement. Each member’s total carpet area, rental remuneration, project dates, and penalty clauses for delays should all be spelled out in detail in this agreement.
Government approvals & beginning Construction
The builder is in charge of getting permits from a number of agencies, including the Environmental agencies, Fire Safety Department, RERA, and Municipal Corporation, before building starts. Following appropriate safety precautions, the old structure is destroyed once the occupants have left. According to the authorized plan, the new building’s construction has begun. To make sure the project continues on course and is finished by the predetermined deadline, the redevelopment committee should keep a close eye on developments.
In conclusion, it might be frightening to begin the process of building redevelopment. However, it may also be a significant and fulfilling transformation with the appropriate developer. MK Shelters possesses a unique combination of experience, knowledge, and dedication to redefining old buildings. This combination guarantees that every redevelopment project is carried out to the best possible standards. We help the locals and offer complete answers while being open and honest about our redevelopment process. During renovation, we will provide assurance and peace of mind and turn your buildings into a fantastic living area when you choose us.
