Redevelopment              Why Redevelopment?              Advantages of Redevelopment             Documents required for redevelopment

Redevelopment:

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 is trying to convert its dilapidated structures to multi-storied complexes comprising modern facilities.We at Croma Group would like to play an important role at this point in transforming the skyline of Mumbai by creating association with 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.


 

What is Re-Development?

 

As the term implies,“Re– Development means demolishing the Old Structure and replacing it with a new structure with new dimensions and space". The prime advantage of such a transformation is evident – the usual difference between the old and the new.Assuming that the quality of material used in Re – Development is of good standard, the society can be assured that it need not bother for any major repairs or maintenance for the next 20 years. Redevelopment is the process of demolishing existing old society building and reconstructing it by appointing a good developer who can construct and handover new flats to the society members free of cost with some additional benefits and make profit by utilizing balance plot potential by constructing additional flats and shops as per approval from M.C.G.M.  

  

 

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