redevelopment of residential buildings in mumbai
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REDEVELOPMENT OFRESIDENTIAL BUILDINGS
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INTRODUCTIONRedevelopment is a process by which local government works inpartnership with private development to enhance the social,economic, physical and environmental vitality of a city withinspecified project areas.
Redevelopment has a direct effect on the economic future ofCountry because it promotes renovation and sponsorsimprovements that are focused on the growth of thecommunity.
The maintenance and improvement of the project area and thepositive effect they have on the rest of the community is a majorgoal of Redevelopment.
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REPAIRS AND REDEVELOPMENT:
DIFFERNECESREPAIRS
FUNDS ARE TO BE RAISED FROM THESOCIETY
THE STRUCTURE AFTER REPAIR LASTFOR 5 YEARS
REPAIR DO NOT SOLVE THE PROBLEMOF MORE HOUSING REQUIREMENT INTHE CITY LIKE MUMBAI
REPAIR CAN IMPROVE THETEMPORARY CONDITION OFBUILDINGS
REDEVELOPMENT FUNDS ARE BEING GIVEN BY THE
BUILDERS
THE STRUCTURE AFTERREDEVELOPMENT LAST FOR 20 25YEARS
REVEVELOPMENT PROVIDE MOREHOUSING REQUIREMENT TO THECITY LIKE MUMBAI
REDEVELOPMENT INCREASES THESTANDARD OF PEOPLE ANDIMPROVE THE INFRASTRUCTURE OFBUILDINGS.
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LITERATURE REVIEW
Redevelopment refers to the process ofreconstruction of theresidential/commercial premises by
demolition of the existing structure andconstruction of a new structure.
This is done by utilizing the potential of the
land by exploiting additional TDR, FSI asspecified under the Development ControlRegulations of Municipal Corporation ofGreater Mumbai (MCGM).
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WHY REDEVELOPMENT IS
REQUIREDFor Existing Owners:
Though they are in direct need of extensiverepairs, societies are starved of necessaryfunds required to carry them out.
On one hand, they do not have the resources
and expertise to handle the repairs on theirown and on the other, the families of themembers have expanded and they need largerspace to accommodate themselves.
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OBJECTIVE OF PROJECT
Transform the fractured development in tocohesive urban unit.
Provide modern accommodation and social
services which raise living standard of the people.Provide an environment which permits theresidents to live fuller and richer lives free ofphysical and social stress.
To facilitate development and proper maintenanceof infrastructure facilities such as sewerage /storm water drainage /DP Roads which cannot bedeveloped because of the present haphazardDevelopment
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S OPE OF WORK
FEASIBILITY REPORT
LAUNCH OF TENDER
BUILDER SELECTION
PLANNING OF NEW BUILDING
DEMOLISHING OF THE EXISTING STRUCTURE
EXCAVATION
PLINTH LEVEL FOUNDATION
NEW BUILDING CONSTRUCTION
POSSESION TO EXISTING MEMBERS
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Role Of PMC
The builder approaches the owner of theland, enters into an agreement with the ownerfor permission to develop the land on theowners behalf.
The builder constructs the buildings at hiscost, retains some flats for himself to be
sold in the open market, gives a few flats tothe landowner and also pays him somemonetary consideration.
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Later, these flats are sold by the developer inthe open market and from such sale, he makesa profit.
Later, when the building is actually conveyedto a co-operative society or a company, thelandowner and builder become party to the
conveyance deed on which the stamp duty ispayable and the same is also registered
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CHALLENGESInability to assemble all members of thesociety at a single point of time, as some ofthe members may not be available. Some flatsmay be mortgaged to a bank or a financialinstitution
Some of the members may be interested inpurchase of new flats at a discounted rate inthe new building.
Anxiety in the minds of the members aboutpossible delay in completion of the project.
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The old documents of the members may not betraceable.
The tax issues regarding redevelopment arenot clear to the society.
Very high prices are expected on sale of old
flats.
Corpus amount takes a long time to be fixed bythe society.
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CONCLUSION
There are constraints on the availability of open land within the city limits with fast growing demand forhouses and shortage of housing stock.
There are thousands of ageing buildings which aredilapidated and have reached a stage where it is notpossible to carry out structural repairs andrehabilitation.
The problem of old and dilapidated buildings in the cityof Mumbai grows more acute with each passing year andbuilding becomes dangerous and unfit for habitation.
The only solution is to put them down totally and toreconstruct them.