Redevelopment has become essential for Pune, driven by limited space and a growing population. As older buildings (20-50 years) with unused FSI are replaced by high-rises, the cityscape is transforming rapidly. Most recent suburban projects are redevelopment initiatives, offering a win-win solution when planned and executed effectively.
” The greatest discovery of all time is that a person can change his future by merely changing his attitude.”
Offer letter is given to the society, followed by discussion and finalization of terms and conditions.
Obtain an approval letter from the society and sign the DA/PA agreement. Prepare necessary documents like conveyance deed, tax receipts, and property card.
Finalize the redevelopment plan and submit it for sanction to the municipal authorities.
After receiving the commencement letter, vacate the building and proceed with demolition.
Begin new building construction and obtain the completion certificate after work is done.
Handover possession of the new premises to individual society members.
Developer creates a fund to cover original members' maintenance costs and other uses as per members' decisions.
Members get extra space in the new building as compensation and can purchase more space at the best price.
Rental charges, broker commissions, and relocation costs are covered until the new premises are ready.
Advanced technology with CCTV, intercom, smoke detectors, fire alarms, and high-speed elevators.
Ample parking with basement/stilt podium parking, ideal for multiple vehicle owners.
Redeveloped buildings offer modern amenities like gyms, community halls, landscaped gardens, and children's play areas.
Redevelopment significantly increases property value due to modern infrastructure and facilities.
Old and dilapidated structures are replaced with earthquake-resistant and sturdy buildings, ensuring long-term safety.