Introduction
After 30 years, most buildings start showing signs of structural weakness, water leakage, outdated amenities, and reduced safety. Many housing societies delay redevelopment due to internal conflicts, lack of awareness, or financial concerns. However, postponing redevelopment can lead to greater risks and costs in the long run. This blog highlights why societies must act urgently and how they can ensure smooth redevelopment.
Why Do Societies Delay Redevelopment After 30 Years?
Several reasons contribute to societies postponing redevelopment even after three decades:
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Fear of Relocation: Members worry about temporary housing arrangements.
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Internal Disagreements: Conflicts between members regarding builder selection and profit-sharing.
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Lack of Awareness: Societies are often unaware of redevelopment laws and benefits.
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Builder Fraud Cases: Some societies hesitate due to past experiences of stalled projects.
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Regulatory Challenges: Changes in government policies or FSI (Floor Space Index) rules.
Impact of Delayed Redevelopment on Residents
When redevelopment is delayed beyond 30 years, residents face serious consequences:
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Structural Deterioration: Increased chances of building collapse, cracks, and safety hazards.
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Higher Maintenance Costs: Older buildings require frequent repairs, leading to rising society expenses.
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Reduced Property Value: A 30+ year-old building loses market value, affecting resale potential.
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Health Risks: Poor ventilation, water seepage, and unhygienic conditions affect residents’ health.
Legal Provisions for Redevelopment After 30 Years
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Municipal Directives: Many municipal corporations issue notices for buildings older than 30 years, mandating redevelopment.
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RERA Protections: If a builder delays a registered project, residents can file a complaint under the RERA Act.
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Consent Requirements: In most states, 75% of society members must agree for redevelopment to proceed.
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Government Support: Some states offer additional FSI and incentives for old societies opting for redevelopment.
Steps to Start the Redevelopment Process
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Conduct a Structural Audit to assess the building’s condition.
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Hold a General Body Meeting (GBM) to discuss redevelopment.
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Appoint a Legal and Financial Consultant to guide the process.
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Invite Builders Through Tendering to ensure fair selection.
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Sign a Watertight Agreement with the developer, including penalty clauses for delays.
Conclusion
If your building is more than 30 years old, redevelopment is not just an upgrade—it is a necessity. Societies that act proactively benefit from modern housing, increased property value, and better living conditions. Don’t wait for an emergency—take action today!
Also Watch : Important Rera Judgements taken by MahaRERA under different circumstance-2
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