BUSTING OF REDEVELOPMENT PROJECTS OF HOUSING SOCIETIES The Redevelopment scheme within last few years that has hit Mumbai with great potential and has, by and large, seen disagreement from members of the Society time and again. Redevelopment projects have often collapsed due to the growing demands of the members in majority. There is a high level of diffidence amongst the members when the idea of Redevelopment is proposed. There is persistent fear of insecurity whether the Builder will deliver the redeveloped property or leave it... read full review »

IMPORTANCE OF FORM M-20 IN HOUSING SOCIETIES Members of the Co-operative Housing Societies – please note – your entire exercise of redevelopment efforts will come to a naught, if your office bearers are not elected as per the provisions of Byelaws and the committee is lawfully formed. This includes the mandatory filing of indemnity bonds in Form M-20 within fifteen days of their election. However, most of the societies were found to be uninformed, clueless or simply ignored to file the indemnity bond – the... read full review »

BUSTING OF REDEVELOPMENT PROJECTS OF HOUSING SOCIETIES The Redevelopment scheme within last few years that has hit Mumbai with great potential and has, by and large, seen disagreement from members of the Society time and again. Redevelopment projects have often collapsed due to the growing demands of the members in majority. There is a high level of diffidence amongst the members when the idea of Redevelopment is proposed. There is persistent fear of insecurity whether the Builder will deliver the redeveloped property or leave it... read full review »

REDEVELOPMENT OF HOUSING SOCIETIES AND MISMANAGEMENT BY THE MANAGING COMMITTEES: RTI can be a great tool in the hands of housing society members to bring in more transparency in the functioning of the Managing Committee. Do you find the Managing Committee of your housing society acting difficult in parting with information that you are desperately seeking for? Do you feel some irregularities are going on in your CHS and the facts are being hidden? You can use the RTI act to get the desired information through the proper channel... read full review »

REDEVELOPMENT OF CO-OPERATIVE HOUSING SOCIETIES IN MUMBAI: PLANNING FOR REDEVELOPMENT? READ THIS……… Redevelopment of properties of existing Co-operative Housing Societies has been a subject of great interest in recent years, both to the societies and to the developers. Redevelopment has become quite popular in Co-operative Housing Societies since it is a most practical, economical and long term solution in a scenario where old structures are proving uneconomical or obsolete; whereas for the developer it is a... read full review »

WANT TO KNOW ALL ABOUT REDEVELOPMENT OF YOUR SOCIETY? With the real estate prices touching a new high, residents in old buildings are now discovering that they have an opportunity to unlock immense value from their property by offering it to a builder/developer for redevelopment. Developers, on their part, are also on the lookout for properties with unused development rights where they can build a new structure of a few storeys higher and sell those additional flats for a tidy profit for them. While it may sound like a typical... read full review »

I had paid full purchase price of flat to the Builder for purchase of flat in Mumbai in the month of July, 2009. The construction work is going on in full swing and is completed almost 50%. The expected month of possession is said to be in Dec. 2010. The Builder has not yet issued any Letter of Allotment to the effect of purchase of a specific flat nor is Agreement for Sale and Transfer executed. I had sent many emails to him for the Specific Performance but no response till date. However, I am holding all the Payment Receipts for the... read full review »