Download - Redevelopment of Residential Buildings
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REDEVELOPMENT OFRESIDENTIAL BUILDINGS
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PROJECT TRAINING
WITHDhargalkar Technoesis Private Ltd.,
D-104, Radha Govind,
Siddharth Nagar,
Borivali(East)
Site Address:
Flower Bloom Society,
Veera Desai Road,
Andheri(East)
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Dhargalkar Technoesis Private
Ltd.Dhargalkar Technoesis I) Pvt. Ltd.isan organization having extensive
experience in the domain of
construction projects. With a track
record of handling large
construction projects for ourreputed clients in India and abroad
for the past sixteen years
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INTRODUCTION Redevelopment is a process by which local government works in
partnership with private development to enhance the social,
economic, physical and environmental vitality of a city within
specified project areas.
Redevelopment has a direct effect on the economic future ofCountry because it promotes renovation and sponsors
improvements that are focused on the growth of the
community.
The maintenance and improvement of the project area and thepositive effect they have on the rest of the community is a major
goal 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 PROBLEM
OF MORE HOUSING REQUIREMENT INTHE CITY LIKE MUMBAI
REPAIR CAN IMPROVE THETEMPORARY CONDITION OFBUILDINGS
REDEVELOPMENT
FUNDS ARE BEING GIVEN BY THEBUILDERS
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 of
reconstruction of the
residential/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 Control
Regulations of Municipal Corporation of
Greater Mumbai (MCGM).
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WHY REDEVELOPMENT IS
REQUIREDFor Existing Owners: Though they are in direct need of extensive
repairs, societies are starved of necessary
funds 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 the
members have expanded and they need larger
space to accommodate themselves.
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WHY REDEVELOPMENT IS
REQUIREDFor Builders/Developers: Builders/Developers opting for purchasing
land and developing the same, incur huge
stamp duty cost on transfer of land.
Instead redevelopment of old building
reduces stamp duty to a significant extent.
Entering into such development agreement
with the society authorizes the developer to
develop the land.
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OBJECTIVE OF PROJECT
Transform the fractured development in to
cohesive urban unit.
Provide modern accommodation and social
services which raise living standard of the people. Provide an environment which permits the
residents to live fuller and richer lives free of
physical and social stress.
To facilitate development and proper maintenance
of infrastructure facilities such as sewerage /
storm water drainage /DP Roads which cannot be
developed because of the present haphazard
Development
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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 the
land, enters into an agreement with the owner
for permission to develop the land on the
owners behalf.
The builder constructs the buildings at his
cost, retains some flats for himself to be
sold in the open market, gives a few flats tothe landowner and also pays him some
monetary consideration.
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Later, these flats are sold by the developer in
the open market and from such sale, he makes
a profit.
Later, when the building is actually conveyed
to a co-operative society or a company, the
landowner and builder become party to the
conveyance deed on which the stamp duty ispayable and the same is also registered
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CHALLENGES Inability to assemble all members of the
society at a single point of time, as some of
the members may not be available. Some flats
may be mortgaged to a bank or a financial
institution
Some of the members may be interested in
purchase of new flats at a discounted rate in
the new building.
Anxiety in the minds of the members about
possible delay in completion of the project.
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The old documents of the members may not be
traceable.
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 by
the society.
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CONCLUSION
There are constraints on the availability of open land
within the city limits with fast growing demand for
houses and shortage of housing stock.
There are thousands of ageing buildings which are
dilapidated and have reached a stage where it is not
possible to carry out structural repairs and
rehabilitation.
The problem of old and dilapidated buildings in the city
of Mumbai grows more acute with each passing year and
building becomes dangerous and unfit for habitation.
The only solution is to put them down totally and to
reconstruct them.