REDEVELOPMENT
Mr. Sarvar Vadiwala
PARTNER
Redevelopment is a highly complex process requiring a great deal of attention and detail. It involves meticulously following various norms laid down by the authorities as well as understanding and fulfilling the needs of the existing members of society. We at Kundan believe that one cannot do proper justice to redevelopment while being involved in other activities. In order to do Redevelopment in the proper manner, we have set up Manasara Realty LLP, a company with a dedicated team of highly motivated individuals to take up only Redevelopment projects. Manasara Realty is imbibed with all the values and beliefs that have made Kundan the household name that it has become today.
- You get a new structure in place of the old one with the costs of construction and other incidentals borne by the Developer.
- You get larger remodelled homes that come with the latest amenities & specifications.
- Parking spaces increase and every unit gets at least one car park.
- The new buildings come with Automatic Lifts, Power Back Up for common areas and increased safety and security.
- There is great value addition to your homes and your general lifestyle gets upgraded.
- You get all of this and much more at the convenience and comfort of your existing location.
- We have over 3 decades of experience backing us.
- Being Punekars, we are able to relate to Punekars better.
- We don’t just construct buildings, we believe in creating landmarks.
- We lay a lot of emphasis on designing, planning, elevation, effective utilisation of space, light and air ventilation.
- We employ architects of national and international repute to design our masterpieces.
- Along with great planning, we also ensure that the best quality is maintained. To ensure this, we have put numerous quality control procedures in place at our sites.
- We believe in continuous innovation, absolute transparency and timely delivery.
- Societies internally decide to go in for redevelopment.
- Then they seek out developers and invite proposals for redevelopment.
- Interested developers visit the society. After collecting requisite documents from the society, they work out the potential of the plot.
- Subsequently, proposals are given to the society. These proposals include additional area proposed, amount payable towards alternate accommodation, amenities to be provided, etc.
- These proposals are shared with the society members and their suggestions are sought.
- Based on the suggestions received, further discussions are held between the developer and the society committee and the proposal is finalised.
- The finalised proposal is tabled before the general body and then the general body gives its approval.
- Upon receipt of approval, work on preparing the plans for the new building/s begins and these plans are then shared with the society.
- Once the society approves the plans, they are submitted to the concerned authorities for their approval.
- Upon receipt of the approvals, a notice is given to the existing members to vacate the premises.
- Subsequently, construction work commences.
Both parties play an equal part in the Redevelopment process. It has to be a win-win situation for both the parties. While the society should get maximum area and other benefits, the developer has to be able to cover its costs and make a profit. Redevelopment cannot happen if there is an imbalance. Redevelopment can take place only when both parties benefit. While finalizing a developer, the society should consider the proposal in a holistic way. While additional area is important, the society also needs to consider the developers’
- Credentials
- Experience
- Reputation
- Quality of ongoing and completed construction
- Amenities and value adds
