#building redevelopment

Depending on your preference, you can settle for a renovation project or redevelopment in Mumbai. Well, renovation might give your home a luxurious touch but it won’t focus on its functionality. Only a redevelopment project can focus both on the appearance and functionality of the existing building structure. Even though renovation cost is much cheaper, redevelopment is always the best choice for builders and homeowners. For this reason, redevelopment is crucial.

In case, you are wondering why it is so, just follow the rest of the post.

Redevelopment: Why Is It Better?

If you take a close look into the terms, renovation and redevelopment, you will know the meaning of renovation, as well as redevelopment meaning. If a property gets renovated, it will still require a high amount of maintenance. On the other hand, the maintenance of a redeveloped property won’t be that high. You can have complete peace of mind about the maintenance, as it would be taken care of by the builders and top Re-developer in Mumbai.

Through a redevelopment project, the builders are getting hold of old properties and demolishing them. After that, they are constructing a new building with all modern amenities, such as a gymnasium or rooftop terrace, ground parking, etc in place. The existing owners get a 1 BHK OR 2 BHK Flat in Mumbai with numerous facilities at an affordable rate. New buyers can also book a flat easily. However, the success of a redevelopment project depends on the builder. So make sure you pick a top Re-developer in Mumbai.

Other Factors

The price of a property in Mumbai is seeing a rise. For a middle-class family, owning a luxurious flat with all modern amenities is a dream. Most can’t afford it. However, redevelopment builders are making it possible through some of their Redevelopment Projects in Mumbai.

No Need Of Investment

To offer everyone a comfortable living, builders and top Re-developer in Mumbai are focusing on redevelopment projects. With such projects, existing owners of the old properties are getting a new flat with basic amenities and that too without making any form of investment.

More Sustainable

In comparison to renovating a new house, getting a 1 BHK Flat or a 2 BHK Flats inRredeveloped Apartment in Mumbai is far more sustainable. When renovating an existing house, the ecological balance gets destroyed. On the other hand, a redeveloped project doesn’t affect the surrounding during the construction work.

There is something special in taking old things and rebuilding them. The sense of satisfaction that rebuilding something gives you is hard to come by. The unique factor about redevelopment is that it not only maintains the character of the original site but also makes sure that the history of the site stays intact.

No doubt choosing the Redevelopment Projects in Mumbai can create many issues. But, it is undeniable that the redevelopment projects come with its unique advantages. Have a look in the below section to understand the advantages that the redevelopment projects present.

Modern Features:

Many people hesitate while deciding about redeveloping their old apartment building. However, the fact is that Re-developers in Mumbai add only benefits for the people to enjoy. The advanced features are one such benefit that the residents of redeveloped projects can enjoy.

While redeveloping the project, the modern developers always include different modern amenities, like lifts, cable TVs, telephones, swimming pools, clubhouses, etc. that were not there before. Features, like underground parking and community halls, also help the residents to solve the issues related to parking and hosting events.

More Space:

The right Redevelopment Projects in Mumbai can change the look and feel of the old apartment buildings. As most of the old buildings were built without proper planning or designs, the residents almost always suffer from space crunch. The re-developers, however, do not work without plans designed by the engineers. That is what helps the residents to get an apartment that is more spacious and better planned than that of the one they used to live in before.

Less Redevelopment Cost:

More often than not, development cost becomes one of the major factors that the residents are compelled to consider. Choosing the Re-developers in Mumbai can have a positive effect on the pockets. As the existing site already has some of the necessary services, it reduces the redevelopment costs substantially.

Increase Property Age:

While structural repair of the property can solve smaller issues of the building, it cannot remedy the bigger ones. However, redevelopment can solve most of the major construction-related problems of the properties. So, if your building is suffering from major seepage issues or has the problems of a weak foundation, you have to opt for redevelopment. The re-developers not only take care of these issues but also make sure that the newly developed property lasts for a long time.

Better Sun Light:

If you study the old buildings of Mumbai, you will see that most of them do not permit enough sunlight inside the homes. The old concept of building construction is responsible for this issue. In recent years, the building construction has gone through a radical change. As modern developers employ these new techniques while rebuilding the housing complexes, they make sure that each of the apartments gets enough sunlight throughout the day.

The problem with mega cities like Mumbai is that there is no space in the main city for Property Development. This limited availability of the open land has forced the people associated with the Real Estate Mumbai business to consider redevelopment projects.

Right now, dilapidated buildings are a harsh reality for old cities like Mumbai. There are thousands of old buildings and housing complexes in Mumbai that are on the verge of collapsing. In this situation, redevelopment can be a blessing for both the Re-developers in Mumbai and for people who are currently living in those buildings. If you are not sure how redevelopment projects can help you, check the following section of this article.

Established Neighborhood:

One of the advantages of redeveloping your old building is that you do not have to leave the established neighborhood where you currently live. The re-developers will only demolish the old building and create a new residential premise while following all the regulations imposed by the municipal authorities.

As the developers strike a contract with the residents, each of them gets new apartments in the new building. It allows the residents to continue to live in the area which they would not be able to afford otherwise.

Attachment with Environment:

What does a person miss the most after he/she has to relocate? The builders associated with the Real Estate Mumbai business say that people tend to miss the environment in which they used to live.

The redevelopment projects negate this point. That means the residents are no longer required to move to an unfamiliar environment if they choose redevelopment. As the developers offer new apartments to them, they can live in their familiar environment.

Re-Shift in Own House:

Most of the time, re-developers in Mumbai approach the residents of the buildings and apartments, who do not have enough funds to maintain the property anymore. As the re-developers rebuild the house and offer apartments to the old residents, they enable them to re-shift in their own house.

Friends & Family Functions:

While redeveloping a property, most of the re-developers include some of the modern amenities that the old apartment did not possess. That includes community halls.

As the old residents get to enjoy all the modern amenities provided by the re-developers, they can now arrange their family functions in the community halls. Also, as all of the residents get their apartments, they get to stay in touch with their long-time friends.

Festival celebration:

In modern community-style, the developers make sure that each of the residents can celebrate different festivals properly. Being a resident of the newly redeveloped building, the old residents will have the same control in arranging various festivals and celebrations. What’s more, the new amenities will help them to celebrate better.

With every passing day, the price of real estate is getting higher. It is becoming increasingly difficult for anyone to find a Cheap House in Mumbai. In this scenario, the builders have started to check at the existing buildings of the city which can be redeveloped easily.  

In fact, after demolishing an existing structure, the builders get to construct a new building with more floors. The existing owners also get money, a new flat, and an additional area in their apartment complex.

While this proposition might seem really exciting, there are some factors you have to keep in mind to understand why you should choose the Redevelopment Projects in Mumbai rather than a brand new one. 

A new version of an existing property is always better than a repaired one. The process will indeed take time. In the end, you get more benefits than before. If you look at the List of Redevelopment Projects in Mumbai most of them have provided the residents with a new home. The rooms are more spacious and come with comfortable designs too. 

The Redevelopment Projects in Mumbai also aim to attract more people to accommodate in the posh areas with the upgraded standard of living. Every redeveloper aims to attract more customers. Hence, they design projects that come with the best features of modern lifestyles. The modern requirements provide people with a better lifestyle. This is why most of the redevelopment projects make sure to include these modern facilities.

These days, the Residential Projects in Mumbai come with the best amenities and facilities. You get almost everything in the society or complexes with little need for going too far. When you are choosing a redevelopment project, make sure to verify the redeveloper. You need to keep a check on the reputation of the Real Estate Builders.