Learn how to navigate the challenges of redevelopment and avoid common mistakes that can lead to costly and problematic projects
RedevelopmentHousing SocietiesCommon MistakesPitfallsChallengesReal Estate NewsJul 01, 2024
The biggest challenge facing housing societies in redevelopment is often the lack of transparency and clear communication among stakeholders.
Housing societies can ensure that their redevelopment project is successful by doing their due diligence, vetting the developer, and having a solid legal framework in place.
If housing societies encounter problems with their developer, they should seek legal advice and consider terminating the agreement if necessary.
Housing societies can ensure that their redevelopment project is completed on time by setting realistic deadlines, monitoring progress regularly, and holding the developer accountable for any delays.
The benefits of redevelopment for housing societies include upgraded living spaces, increased property value, and improved amenities.
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