Results for #redevelopment


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Answered on November 09, 2017
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  • As per Regulation the Fungible for Rehab isFree to the extent of 35% of their existing area and canot be used for Sale. However Legally areas can be sold and a way be deviced to do so


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    Answered on November 09, 2017
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  • You have to check the lease document, whether any such conditions are mentioned requiring consent of the owner in case of the redevelopment. sometimes the lease is executed in favour of the society for 99 or 999 years with complete right of the redevelopment.

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    Answered on November 09, 2017
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  • As this is illegal, we do not entertain such encroachers. However, if they are adamant and they try disrupt the redevelopment, a developer may offer them some area or other consideration on account of the society. It is advisable to tackle this situation internally before going for redevelopment.


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    Answered on November 09, 2017
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  • An abandoned project having Commencement Certificate and not having Occupation/Completion Certificate is required to be registered under MAHA RERA or RERA. If the project is abandoned and the promoter does not apply for registration, in such case alottee/s can approach RERA authority. In case the project is abandoned prior to the stage of Commencement Certificate, it will not come under RERA as...
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    Answered on November 09, 2017
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  • Society can only check whether the Developer's past or current projects were/are registered with RERA. RERA registrations are project specific not Developer specific.

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    Answered on November 09, 2017
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  • One has to inquire with real estate brokers in his area to know prevailing rent and can also be ascertained by visiting few flats avavilable on rent in the near by area. Amount of the corpus will depend upon feasibility of the project and it is usually created to cover cost of maintenance of the new premises offered to the existing member.

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    Answered on November 09, 2017
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  • Normally builders do not load entire FSI initially. It requires huge cash flow depending upon the location of the redevelopment property as premium charges payable to the MCGM are in direct proportion to the Ready Reckoner rates of the zone in which property is located & TDR rates are influenced by demand and supply. so by loading entire FSI finance cost of the project is going to increase and ...
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