Leadership
Self Redevelopment

Self Redevelopment, The oldest way of doing redevelopment. This style of redevelopment although the oldest and most beneficial is considered as the most difficult one. Unlike other approaches, this approach depends on the existence of a leader amongst the society members who is ready to take the torch and pave the path while the rest of them follow in unison. But leadership in an unknown territory, and the uncertainty in the norms make the journey difficult, tiring and unpredictable.

For Self Redevelopment, the housing society is required to

  • Appoint Project Management Consultant
  • Arrange for funds required for the project
  • Appoint Architects, Contractors, Consultants, Legal Advisors,
  • Chartered Accountants, Procurement Managers, etc.
  • Provide the relevant scope of work to each Agency/ Expert
  • Manage the review, validation, communication, co-ordination of all the parties involved to ensure the Project delivers as estimated and as per the standards
  • Manage the documentation and approvals from different Government Authorities
  • Manage the conflicts between different society members and their expectations
  • Manage the sale of flats to recover the loans

For Self Redevelopment, the housing society is required to

  • Appoint Project Management Consultant
  • Arrange for funds required for the project
  • Appoint Architects, Contractors, Consultants, Legal Advisors,
  • Chartered Accountants, Procurement Managers, etc.
  • Provide the relevant scope of work to each Agency/ Expert
  • Manage the review, validation, communication, co-ordination of all the parties involved to ensure the Project delivers as estimated and as per the standards
  • Manage the documentation and approvals from different Government Authorities
  • Manage the conflicts between different society members and their expectationsManage the sale of flats to recover the loans
Benefits
Advantage of Redevelopment

Advantages

Higher extra space and corpus compared to other approaches

Rent allotment managed as per convenience

Authority in the hands of the society for plans designs and also setting development standards

All the documentation and plans in society’s name

Disadvantages

Time, competence and inclination within the Society members

Getting Consensus amongst members at various stages

Funds to be made available for the entire project

Managing documentation through Govt. authorities

Ability to sell the saleable flats for recovering the project cost

Managing multiple experts at various intervals of time and the required coordination within them

Keeping a tab of the project development as per Govt. norms and better standards

Managing the invoicing, taxation and cost accounting

 

Disclaimer

The Developers reserve the right to change plans, specifications, and features without prior notice or obligation, at their sole discretion and subject to the approval of Government authorities. Specifications writeup, internal layouts, plans and pictures shown in this booklet are only indicative. All renderings, floor plans, pictures, and maps are the artist’s conceptions and not actual depictions of the buildings, it’s walls, roadways or landscaping. All the amenities will be only as per the list mentioned in the agreement.

As of this moment, our website and related materials are being updated in compliance with the Real Estate (Regulation and Development) Act, 2016 and the rules constructed within the act which has been brought into effect from the 1st of May, 2017.

Any information related to the projects are indicative and may not up to date as required. The list of properties displayed on the website such as text, images, computer-generated images, artist’s impression, renderings, stock photography, descriptions, prices, information and other details should not be deemed to be or represent solicitations, marketing, advertisements, invitation to acquire, invitation to offer, offer for sale, including within the purview of the Real Estate Regulation and Development Act till the time that the aforementioned information is completely updated.

The information on our website is prepared and published for the purpose of guidance only, keeping this fact in mind, it is not part of any offer or contract. The designs and specifications present within are subject to change without any prior notice. Hence, you are required to verify all the details, including amenities, area, payments, pricing, and other relevant terms independently with the sales team before you reach a decision for any proposed acquisition, booking of units in any of our projects.

In case of any event, Aadhunik or its partners, directors, contractors, employees, agents or vendors will not be liable for any damage, loss, errors; directly or indirectly, incidental or consequential, incurred or suffered by any person/s or due to any use and/or inability to use this website or information contained within,

We thank you for your understanding and patience.