Making your home feel new again..
Redevelopment is defined as any new construction on a site that has a pre-existing structure. It helps upgrade the lifestyle of people currently living in the structure and also creates space for new people. Today many societies in Mumbai are in need of extensive repairs; however they find it difficult to arrange the funds required to carry out the same. Also, expansion in the size of families has created a need for larger spaces. Old societies have certain critical drawbacks which include lack of security, non availability of play areas for children, leakage problem, lack of attached toilets in the rooms, absence of parking lots and many more. Historically, redevelopment has been a very positive approach that has transformed many cities worldwide: few examples being that of Shanghai, Hong Kong, and Singapore.
Presently, the city of Mumbai and nearby cities is trying to convert its dilapidated structures to multi-storied complexes comprising modern facilities.We at Yamuna Group would like to play an important role at this point in transforming the skyline of Mumbai by creating ‘Destination Developers'. You would have already gone through some of our completed projects and we look forward to transforming your society as part of our future marquee development.
ADVANTAGES OF RE-DEVELOPMENT:
- Corpus Fund could be achieved which would take care of their share (original members) of the maintenance cost of the premises. Otherwise this amount could be utilized for other purposes as per the decision of each individual member.
- Apart from the additional 100 to 200 sq feet that on would get as compensation from the developer. If any of the family requires additional accommodation in the same building, it can be achieved by purchasing additional space from the developer at the best available price. This would enable the family to live in the same vicinity.
- The trend of building huge complexes and high rise apartments, towers as they are called have lifts installed which not carry the people from bottom to the top, but in some cases there are lifts that transport the vehicle owned by the rich and famous to their houses situated on the upper floors.
- Modern amenities and electronic gadgets are being widely used making life more luxurious and safe. Modern gadgets such as close in circuit cameras, intercom systems, smoke detectors, fire fighting alarm system, metal detectors etc.
- These complexes and towers have excellent stilt or sometimes underground parking facilities which eases the traffic congestion in the society premises. This not only saves precious space but also ensures discipline traffic flow in the society premises.
- Bigger room sizes and Larger toilets.
- Attached Bathroom in Bedrooms.
- Concealed Plumbing and Electrical lines. Better planned and designed flats.
- Proper decorative entrance lobby.
- Proper Playground for children (if possible).
- Availability of Modern elevators.
- Earthquake – resistant structure.
- Tailor made flat design to satisfy the needs of the member.
- Society office.
LIST OF DOCUMENT REQUIRED :
- Society Registration Certificate.
- Approved Building Plan.
- Conveyance Deed / Lease Deed / Sale Deed.
- Copy of Resolution.
- Documents / Papers / Deeds / Agreements etc. whatsoever in nature related to the societies plot.
- Property Card.
- D. P. Remark.
- Extract of 6/12, 7/12.
- Search report and Title certificate
- Index II
- N. A. Order.
- City Survey Plan
- Copy of I. O. D
- Commencement Certificate
- Occupation Certificate
- Building Completion Certificate
FAQs
Q. Can I trust the redevelopment and timely completion of redevelopment?
A. In respect to today’s changing trends, the planning is much better as per the current style and yes you can get timely possession.
Q. How troublesome are redevelopment projects?
A. Every area/location has municipal corporation procedures to adhere. It is a smooth methodology to understand.
Q. For redevelopment will there be a cost added to the additional area?
A. You will get extra area free of cost.
Q. Can there be a possibility of any extra room?
A. Yes you will get an extra room; size depends on the area available (in terms of FSI).
Q. What will be the advantage of the new look building?
A. The prime advantage will be that the building will have better elevation and amenities as per today’s trend.
Q. What kind of amenities/ facilities is included in the project?
- Lifts in the building
- More car parking through stilt car park
- Landscaped gardens
- Clubhouse with Indoor games
- Gymnasium, Swimming Pool, Health Club
- Good Quality internal fittings
- *(All amenities may not be part of all the projects.)
Q. Will there be any alterations in the surrounding environment?
A. Yes, a better compound with plantation area for plants and trees and better surrounding environment within the compound.
Q. If Redevelopment happens, what will be the appreciation of the property rate?
A. Once redevelopment takes place, the appreciation of the property in terms of value may increase to around 2.5 times.
Q. How secured will be the new structure?
A. The new structure will adhere to fire norms and will be extremely safe and earthquake resistant.
Q. Where do we go when the redevelopment is on?
A. You will have to move to a rented place for approx 2 years.
Q. Is there any cost to redevelopment?
A. No cost to be paid by the members. The only incremental cost goes towards maintenance charges for the amenities used by the member in the building after the possession.