Redevelopment

Redevelopment is the process of demolishing existing old dilapidated society building and reconstructing it by appointing a good developer who can construct and hand over new flats within stipulated time to the society members free of cost with better modern day amenities.

The old society buildings were built over a period of 3-4 decades and are in very bad shape. Infrastructure facilities for electricity, water and sewage areoverloaded and need immediate revamp. Societies need huge funds to undertake major repairs. The structure of old buildings have outlived its life and needs tobe pulled and developed afresh as further repairs to the existing structure won’t be advisable and feasible. Redeveloped buildings have negligible maintenanceand repair cost at least for 15-20 years. Members get new flat with bigger area and better amenities.

5 years guarantee on paint. 10 years guarantee on water proofing in the new building by the respective agencies. 3 years defect liability period – ensuring no repairs for several years. Overall resale value of flat literally doubles. The new building shall be maintained virtually free with the interest accrued from the corpus fund set up for the new society.

Along with the new apartment, we shall pay a hardship compensation to all society members, proportionate to the carpet area presently occupied by them. The payment schedule of such hardship compensation shall be as per terms mutually agreed upon. Each member shall be paid the same, proportionately as per area occupied by them at present, at the time of possession of the new apartment or as mutually agreed upon.

Alternate accommodation shall have to be arranged by the members themselves. We shall help and guide members in finding alternate accommodation within close vicinity of their present address with the help of our associate/brokers. Rent shall be paid in proportionate to the carpet area occupied by the individual members. This amount shall be paid by monthly post dated cheques or as mutually agreed upon.

Adequate car parking arrangements shall be made in consultation with the BMC Planning & society’s management committee.

It will be the responsibility of the society to put up the existing members as per its discretion or as agreed amongst the society members and the same should be intimated to us immediately. Such allocation shall be from the component which has been held in reserve for the society which shall be informed to the society accordingly. In the new plan the members on the ground floor will be accommodated on the first floor and members of the 1st floor will be accommodated on the 2nd floor and so on respectively This helps members enjoy increased hight and ventilation in new apartments, besides eventually the higher floor will also go on to fetch them better resale price.

Any members having individual terraces shall be given 33% of the area as covered area. Members having garages shall be given a garage, or to be compensated suitably. In case any member wants to sell a garage, we would be glad to purchase the same.

If all documents of society are in order the all paper work with BMC, water, electricity, etc. concerned departments will be handled by us and all expenses related to this will be borne by us.

• Earthquake Resistant RCC framed Structure.
• Quality Construction with excellent design of elevation.
• Vitrified / Ceramic flooring in all room, ceramic flooring in toilet of reputed brand.
• Designer Glazed / ceramic tiles in toilet up to 7’ full height.
• Designer Glazed Ceramic tiles above kitchen platform upto 4’ height
• Granite platfrom with stainless steel sink.
• Provision of Plumbing / electrical point for water purifier in kitchen.
• Provision of Plumbing and electrical connec tion for washing machine including inlet and outlet point.
• Concealed plumbing in toilet / kitchen with fittings of approved brand with hot and cold connections.
• Approved make instant geyser of reputed brand in all toilets.
• Concealed wiring with automatic circuit beaker and adequate electrical point.
• Decorative modular switches.
• Telephone/ TV Point in living room and master bedroom.
• Intercom System in each flat.
• Powder coated / Anodized Aluminum Sliding / Openable windows and anodized openable lowered window in toilet with provision of exhaust fan.
• Lift of reputed make with required magnitude.
• Decorative Waterproof / Termite proof main door with hardware fittings of reputed brand.
• Internal flush door with hardware fittings of best quality.
• Aesthetic external painting.
• Internal Painting with POP finish to wall.
• Toilet waterproofing.
• Terrace waterproofing with China mosaic chips with 5 years guarantee by the respective agencies.
• Well designed entrance foyer.
• Adequate Capacity of U.G. and O. H. tank with submersible pump.
• Decorative compound wall with lights point including light fittings.
• Compound wall with checkered tiles.
• Society Office.
• Provision of Piped Gas Connection if possible.
• Decorative main gate with lighting arrange ment.
• Security Cabin with intercom.
• Bore-well connection if possible.
• Name plate of each member at the entrance lobby & at the main door.
• Anti termite treatment in plinth.

Contact us at proposals@dvgroup.in