Redevelopment Motivation
A major financial benefit of redevelopment is sizable Corpus Fund which would take care of original member’s share of the revised maintenance cost of the new premises or to utilize it for other purposes as per the requirement of each individual member. Rental Charges including brokerage and transportation charges for the alternate accommodation is provided to each and every member of the Society while they are away when their building is being built Society members also enjoy the privilege of additional carpet area in the newly developed buildings as a token of compensation from the Developer. Also if any of the members would like to acquire additional living area could do so at best negotiated prices by the developer. This would enable the pre-existing families to enjoy modern amenities and extravagance with the warmth of their same old locality.
The Developers provide modern gadgets such as close in circuit cameras, intercom systems, smoke detectors, firefighting alarm system, metal detectors, high speed elevators etc. The redeveloped complexes and towers have excellent stilt parking or basement parking facilities which eases the traffic congestion in the Society premises. This not only saves precious space but also ensures discipline in the traffic flow in the Society premises.
Utkarsh Jani
