Reconstruction Of Properties In Mumbai

Roti, Kapda Aur Makaan (Food, clothing and Shelter) are the simple human demands

. Amongst these Shelter has become a important problem in our region which is fast urbanizing. Mumbai being the financial capital of India is one of the most urbanized cities in the country. Housing in urban parts assumes much greater significance, as it relates not only to basic shelter needs but also provides a facility to the citizens to access services and be a portion of the development process. Housing is not only about construction of bricks and mortar; it also contains the supporting infrastructure, access to transport and work opportunities.

Redevelopment is the method of reconstruction of the household/business premises by demolition of the present framework and construction of a new structure. This is done by using the possible of the land by exploiting additional TDR, FSI as specified under the Development Control Regulations of Municipal Corporation of Greater Mumbai (MCGM).

The big question that occurs is Why is the Redevelopment Required?. For existing entrepreneurs, the Buildings in Mumbai are in a need of repairs, and the societies do not have adequate fund to hold out the fixes and also the families have expanded and they require a bigger space to accommodate themselves. As existing Mumbai properties are up because numerous years and so not have the newest features and amenities offered in the latest projects. They do not have services such as safety, cleaning and to operate pumps, absence of frequent amenities like gymnasium and a society office and unavailability of proper playing area for children in the compound redevelopment is the need of the hour.

There are constraints on the availability of open land within the city limitations coupled with fast rising desire for houses and scarcity of housing inventory. On the other hand there are thousands of getting older structures which are dilapidated and have arrived at a stage where it is not achievable to carry out structural fixes and rehabilitation as the same are not economically practical. The necessity of redevelopment of old buildings has develop into prior as the issue of old and dilapidated buildings in the Mumbai city grows more acute with each passing year and monsoon, more number of building becomes dangerous and not usable for habitation. Such buildings have to put down as they are unrepairable and the only remedy is reconstruction of those buildings. Reconstuction of structures are also the main part which is finding growth in Mumbai Real Estate.

by: Vitruvian

POST COMMENT

Wholesale Properties A Growing Industry The Use Of Solar Panel Systems In Domestic Properties Delhi 99 Improving Life To Take Affordable Residential Properties Delhi 99 Ghaziabad Residential Properties An Improved Way Of Living Type Of Properties In Edinburgh Employ A Certified Financial Planner To Deal With Your Personal Properties Features That Make Turkey Villas More Successful Rental Properties Learn More About Lake Front Properties In Texas Gurgaon Properties For Sale Mitchells Plain Properties Is A Great Place To Live! Properties In Edinburgh Uk Sunny Enclave Properties On Sale In Blooming Township Near Mohali Purchasing Investment Properties Las Vegas