Wedevelopment - Need for Self - Redevelopment in Mumbai
by Shrutee K/DNS
As per reports, in 2017, there were 16,000 derelict buildings in Mumbai
with a majority of them located in Byculla, Girgaum, Sewri, Parel, Mumbai
Central, Nagpada, Bhendi Bazaar, Mohammad Ali Road and Crawford Market.
Across India there are countless old buildings in ruins, facing problems
of water leakage, cracks in beams and walls, fragile floors and more. But the
staggering figure of crumbling old buildings in Mumbai is worrisome, as news of
such establishments collapsing is frequent, with the subsequent death toll on a
constant rise. While MHADA repaired 1000 dilapidated buildings, 3000 buildings
have been repaired by the homeowners themselves. But for some dilapidated
buildings, this is just a temporary resolution that is unreasonably expensive.
In light of the grim situation most societies typically redevelop their
buildings through a developer, which then ensues a tug-of-war wherein both
parties strive to reap the maximum benefits. As a result, there have been
several cases of mismanagement, allegations of corruption and underhand
dealings, projects being put on hold, continuously changing building plans, and
developers selling common spaces.
Taking all of this into consideration, one of the key approaches
to this problem that has been gathering interest is self-redevelopment, wherein
society members undertake the redevelopment of their homes themselves. Under
this method, the society identifies the right professionals to aid the process,
conduct feasibility studies, raise funds, execute the construction and deliver
quality homes to residents. The funds raised, will then be diverted towards the
primary expenses of hiring professionals like an independent contractor, legal
advisor, architect, an accountant and so on, for the execution of the project,
and sale of the extra units developed in the process. Given the monumental work
involved, the society needs to propose a leader, in unison, who can oversee this
DIY project’s progress.
Redevelopment usually increases the area of the society, owing to the additional
FSI benefits provided by the government. Unfortunately what often happens is
that under traditional redevelopment models, developers tend to solely realise
these benefits, by acquiring profits through the sale of the additional space
for residential and commercial purposes. Contrastingly in self-redevelopment,
the homeowners are the sole benefit reapers as they earn these profits. Different
professionals are hired for the execution and management of the project. Hence
they have no binding authority on the project, and the society is free to plan
and design the new construction, easing the rent allotment procedure and
allowing for the acquisition of extra space. To accelerate this process the
government has already launched the self-redevelopment scheme, with MHADA
promoting a single window system for the prompt processing of self-redevelopment
proposals, while the MDCC Bank has sanctioned crores in loans to provide
financial support to housing societies undertaking self-redevelopment.
The foremost thing for a building to go under self-redevelopment is the
consensus among members regarding the project. There is a high level of
competence, legal and construction expertise, constant monitoring of changing
mandates, proficient management of loans and conflict, project sales, and
excellent communication and coordination skills that is required to undertake a
self-redevelopment project.
To avoid inefficiency arising from this, societies should hire a
professional team to initiate and monitor the entire self-redevelopment
process. They in turn handle all the layered complications and procedures, from
the conceptualization, the fundraising, to the ultimate execution of the
project. By simplifying and accelerating the process, the benefits of self-redevelopment
are retained, the process is hassle-free, and the society maintains power over
the project. Collaborating with such a team of experts allows the society to
extract maximum advantage from the self-redevelopment process.
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