The Government of Maharashtra has issued Directives for Redevelopment under Section 79(A) of the MCS Act. These are to be complied with to the extent possible to ensure complete transparency in the entire Redevelopment process.

Expected benefits of Redevelopment for members:

1. Newly constructed buildings with larger flats.

2. Amenities like lawns, walking tracks, sit-outs, children's play area with equipment, gymnasium, indoor games, etc.

3. Community Hall and Swimming Pool could be added as per decision of members, taking into consideration the recurring maintenance costs and space to be consumed.

4. A substantial Corpus amount to each member to generate sufficient interest income to offset the increased maintenance costs because of amenities, lifts, etc. and increase in Property Tax applicable to new constructions.

Option of "no shifting", "partial shifting" or "total shifting " will have to be a collective decision of the members, taking into consideration the monetary costs and time factor in each option, as well as the noise and dust pollution that we will have to endure if we stay on when the buildings are being constructed.

It is not practically possible for any Developer to provide 224 members with temporary alternate accommodation of the presently held size in the same locality. So the practice is that the Developer gives proportionate rent prevailing in our area, for the duration of staying out to all the members to comfortably find rental accommodation of their choice.

If we need to shift out, it will be only after the Developer has obtained sanctions of FSI and all permissions required for the project.

Choosing a financial strong and experienced Developer, signing a rock-solid Development Agreement, obtaining all required advance payments towards Corpus fund and rent, securing requisite Bank Guarantees for construction cost, etc. will help to ensure the success of the project and our safe return to our new homes.

Our Society falls within the 500 metre radius of INS Trata, a Navy installation. The height of our buildings will depend on what is permitted by the Defence authorities. Allocation of floor for the rehab members is usually done by lottery system.

This, too, has to be decided collectively by the existing members. If there are separate buildings for sale and rehab, we can expect to move in earlier while the saleable portion is still being constructed. However, merging the two components would take a lot more time but will ensure uniformity of quality for all.

It may be reasonable for the Developer to obtain FSI sanction, all necessary permissions and Commence Certificate within two years from the date of appointment. Shifting could take another 6 months and construction should be completed in about 42 months thereafter. The entire project could take 6-7 years assuming all project milestones progress well and on time as planned.

No Committee will be empowered to take independent policy decisions regarding Redevelopment. The General Body of the Society comprising of members of the Society, will have a final say in all policy matters. The Managing Committee shall be the responsible facilitator and executor of the project and any other committee formed shall be a sub-committee under it and shall play an advisory role.