Mumbai: Bandra-based society to organise self-redevelopment
A Bandra-based society has decided to redevelop their building by themselves rather than through the developer. Initially, when the residents of Samadhan society got a developer, he said the nearly Rs 37 crore premium to be paid to MHADA was too large an amount for him.
The members have already floated a tender to allot and architect for the project, and expect the redeveloped houses to be over 900 square feet than the current 220 sq ft. The plan also includes competing with developers in nearby areas with regards to selling additional flats after redevelopment.