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July 2018

Benefits of Self-Redevelopment

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Top 5 Advantages / Benefits of Self-Redevelopment

The need for self-redevelopment has gone at an all-time high. Societies are very much interested today to go in for self-redevelopment looking at the benefits which are available for them. With all other advantages remaining the same with a developer led redevelopment, the following are the Top 5 Benefits of Self-Redevelopment distinctly available for society members in self redevelopment:

1.    Extra Area

Society members get higher carpet area as compared to the one given by developers. Society members can further buy extra area at a better discounted price for themselves.

2.    Surplus

The entire surplus generated by the project, which would have otherwise gone to the developer, in case of self-redevelopment gets distributed amongst society members. This is a fairly high amount and is used by members to manage their house maintenance when they start residing in their new homes.

3.    Controls

The bigger advantage of doing self-redevelopment is the entire control being in the hands of the society. Controls like agencies/resources appointment, cash flow decisions, sales decisions, design decisions and all other day to day decisions of the program. The higher the control on the project operation, the higher the control on the output.

4.    Risk Mitigation

The controls of decisions being in hands of society brings them closer to being an authority to minimize risks. The society can take immediate decisions on cost-benefit ratio and get the operation moving ahead faster.

5.    Society Name

The NOCs, designs and documents will  be directly in the name of the society. These clear assets, which even after the members start residing, are otherwise not available today with societies. In self redevelopment, this becomes a big advantage as all these are in the name of the society.

Free Consultation
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Every problem is unique, and requires an all-round perspective to arrive at the best-fit Solution
Being a leader in the Self-Redevelopment space brings its own sets of responsibilities, of creating the right path and helping others in moving in the right direction.
Troubleshooter, is an initiative by Wedevelopment to guide Societies who are willing to opt for self redevelopment or already have initiated the journey of Self Redevelopment but have hit a wall in the process.
It is a One to One Consulting platform for Co-operative Societies to get the right answers.

The above Consulting is for the following Category of Societies/Challenges:

The Team of TroubleShooters:
Wedevelopment along with the following Industry experts are coming together to help you:

The Cost:
This Consulting Session is FREE for the Societies registering before 10th July 2020.

Please note:
In order to organise the session with the right expert and value time of the session, Society is requested to send a note with the following info:

"If you have knowledge, let others light their candles in it" - Margaret Fuller

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