tag:blogger.com,1999:blog-808644320135398046.post7117244258456812746..comments2024-03-17T10:50:53.246-07:00Comments on Welcome to Mumbai..!: Redevelopment of properties in MumbaiPushpzhttp://www.blogger.com/profile/03844654008613100248noreply@blogger.comBlogger49125tag:blogger.com,1999:blog-808644320135398046.post-36719383840285254912016-07-30T04:21:19.006-07:002016-07-30T04:21:19.006-07:00Hi,
Our project is under dc 33/7,we are located in...Hi,<br />Our project is under dc 33/7,we are located in Mumbai City. Our builder is providing us Rs.10 Lakh individual corpus fund. <br /><br />Please provide the information about charges of Stamp Duty on Corpus fund.Pravinhttps://www.blogger.com/profile/09285242896026416069noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-28683158884093029662012-12-19T00:01:11.775-08:002012-12-19T00:01:11.775-08:00Hi Pushpa,
Compliments for your very informative ...Hi Pushpa,<br /><br />Compliments for your very informative blog...<br /><br />I would request if you can provide your guidance on redevelopment of privately owned cessed building category "A" (pre 1940). Our owner has sold the development rights to the builder. There are total 25 flats in our building out of which 4 are commercial, 4 flats owned by owner and rest 17 are tenants. Rahulhttps://www.blogger.com/profile/14122458874596805286noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-47128903421043246112011-09-05T01:39:52.301-07:002011-09-05T01:39:52.301-07:00Dear Pushpa,
It was not only very informative but...Dear Pushpa,<br /><br />It was not only very informative but also a pleasant surprise to read your blog, particularly the succinct replies / suggestions you have given promptly.<br /><br />I have certain queries - we have co-parcenary tenant’s society where the founder members purchased the land from the government in 1964 or so. The construction work was completed in 1970. The cost of the land vishwagyanhttps://www.blogger.com/profile/06603341063064083461noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-15538193842444882822011-08-27T09:56:11.124-07:002011-08-27T09:56:11.124-07:00Pusphaaji ...ours is a 25 years plus old bldg, the...Pusphaaji ...ours is a 25 years plus old bldg, the secy wants repairs to be done for which he is asking Rs.1,00,000 from each for overall repairs, we hve 32 members..hve checked with someother builders, they say the rate is too high, might be the committee members want to eat into the money, we suggested for redevelopment for which he says its not possible as the land is leased from BMC, also theud-bombayhttps://www.blogger.com/profile/16112575847210994650noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-57642712435308701742011-07-25T13:22:18.049-07:002011-07-25T13:22:18.049-07:00Were I in your place, I would take their offer to ...Were I in your place, I would take their offer to take the house with more space after re-development. Do read the agreement carefully and find an alternate accomodation. The building is old and re-development is the wise option.Pushpzhttps://www.blogger.com/profile/03844654008613100248noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-70042911463686308822011-07-22T01:23:26.141-07:002011-07-22T01:23:26.141-07:00Hi Pushpee,
Ours is the small(1200 sq floor area ...Hi Pushpee,<br /><br />Ours is the small(1200 sq floor area - 3 floors) old building built before 1940's in south Bombay - leasehold. Now the developer has bought the building and become landlord. they purchased 60% tenants properties. now only 3 tenants are left. we are one of them. They are asking us to leave but offering very low price in which it is impossible to get similar house in Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-65682950365581027912011-05-03T22:33:58.749-07:002011-05-03T22:33:58.749-07:00Hi Pushpa,
Ours is a tenanted bldg, declared dilap...Hi Pushpa,<br />Ours is a tenanted bldg, declared dilapidated by BMC.Tenants in court and court directed landlords to re-construct the bldg and tenants were instructed to live-out at their own expense.Now, the landlords are going to re-develop the property and looking to apply"Standard Rent" which would say increase our rent from Rs. 500/- to almost Rs. 25000/-Will any court allow this,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-57153646595671374172011-02-23T10:11:56.669-08:002011-02-23T10:11:56.669-08:00Under DCR 33(9), Cluster development is possible f...Under DCR 33(9), Cluster development is possible for mix of structures with minimum plot area of 4,000 sq mt. Applicable FSI is 4 (or) required FSI plus incentive FSI of 50-75%, depending on size of the plot. <br /><br />To find out about the details on CTS nos, please visit http://mumbaisuburban.gov.in/html/land_records.htmPushpzhttps://www.blogger.com/profile/03844654008613100248noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-89805007135579592242011-01-18T02:19:11.844-08:002011-01-18T02:19:11.844-08:00I live in old Cess building built around 65 years ...I live in old Cess building built around 65 years ago ,my building is under DP plan ,does builder get any extra fsi for DP plan building ,cluster development ,is there any way to find out if landlord has sold our building to some builder, and what FSI can be obtained so we can get reasonable offer ,as per rule how much area should we get ? ,how can i find out CTS nos ? ,somebody told me you can Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-53752133889202712512010-12-12T22:26:39.825-08:002010-12-12T22:26:39.825-08:00i would like to purchase a commecial premise from ...i would like to purchase a commecial premise from an owner in a newly redeveloped building. however the builder has not yet handed over the possession of the building to the society. wat are the things that need to be checked before the purchase?Soumyahttps://www.blogger.com/profile/08003591782136893766noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-7259649999156209102010-11-25T22:35:43.449-08:002010-11-25T22:35:43.449-08:00We are a very BIG society of lots of members, and...We are a very BIG society of lots of members, and tenants, and tenant shop keepers, looking for re-developing the society property. <br /><br />All the commercial and residential tenants are occupying the said premises from almost the establishment of our society in 70's, All our Buildings, where members stay are self developed. Tenants stay in chawls in the same premises, where are Unknownhttps://www.blogger.com/profile/13570316276053085507noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-47165995166448201892010-11-20T00:04:25.114-08:002010-11-20T00:04:25.114-08:00Hellow
One of resident of old building which badly...Hellow<br />One of resident of old building which badly need in reconstruction; will please guide me how to go about it.Unknownhttps://www.blogger.com/profile/07086884465805457867noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-36012204971992695122010-09-25T04:31:58.700-07:002010-09-25T04:31:58.700-07:00Hi,
My society has entered a redevelopment.
Do you...Hi,<br />My society has entered a redevelopment.<br />Do you know whether the plan of new building is attached to the commencement certificate?<br />Regard,<br />ParthParth joshihttps://www.blogger.com/profile/05715949758898609838noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-23456904547061424052010-07-05T03:15:23.226-07:002010-07-05T03:15:23.226-07:00No there is no exit clause.
There is a one sided ...No there is no exit clause.<br /><br />There is a one sided clause ie favoring society and builder.<br /><br />It says that member will not go court against the society/ builder after signing this contract.Actually it carries no meaning.<br /><br />Agreement is actually a Pandora's box .If you open skeletons will come out.One of the clauses says that building is in dilapidated condition and ReliableTalenthttps://www.blogger.com/profile/11348991744955936421noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-63966686823104448032010-07-05T01:05:19.704-07:002010-07-05T01:05:19.704-07:00Knowing our legal situation in India, be aware of ...Knowing our legal situation in India, be aware of what you will go through, for eg: one building in my neighborhood is under stay order since last eight years....and members are emotionally hickacked, neither they can sell, nor they can make any changes...hope u understand the situation....b4 you take any drastic decisions..try to make some compromise with the builder instead...(sorry, this is Pushpzhttps://www.blogger.com/profile/03844654008613100248noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-39824238285438104132010-07-04T01:51:54.563-07:002010-07-04T01:51:54.563-07:00Thanks for your response.
While going through all ...Thanks for your response.<br />While going through all these came to know about different agreements being signed with different members.I will reproduce below a court ruling.<br /><br />" Minority members of co-operative housing society cannot obstruct a redevelopment project:Jun 28, 2010."<br /><br />"The Bombay high court has once again ruled that members of a co-operative ReliableTalenthttps://www.blogger.com/profile/11348991744955936421noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-63688998334811140422010-07-03T08:32:40.280-07:002010-07-03T08:32:40.280-07:00@Twentysixseven…Before u go for this kind of deal ...@Twentysixseven…Before u go for this kind of deal and investing 10 lakhs for redevelopment, u should be aware of all the procedures and the paper work involved so that u are not misguided into losing that money that u had…I am not scaring you, but every member should have a proper knowledge if they have to want to do the whole thing on their own…..<br /><br />@Rely : No you cannot cancel the Pushpzhttps://www.blogger.com/profile/03844654008613100248noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-1524258217412299562010-06-24T22:03:38.968-07:002010-06-24T22:03:38.968-07:00Hi , I seek your opinion on this:
I along with 65 ...Hi , I seek your opinion on this:<br />I along with 65 members signed and agreement with the builder and society for redevelopment of the society.This was about six months back.8 members have not yet signed.They are not agreeing to the terms and conditions.Builder has paid corpus fund to all 65 members who signed this agreement.Now the managing committee without consent of other members has ReliableTalenthttps://www.blogger.com/profile/11348991744955936421noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-12691548057042195662010-06-24T06:51:46.051-07:002010-06-24T06:51:46.051-07:00It is a very bold initiative taken by members of y...It is a very bold initiative taken by members of your society to redevelop on your own. Upto the early 70's, members used to get together to form a society ,buy a piece of land and construct tenements for themselves. The next 2 decades have seen builders grow in strength at the cost of people. <br />In self development ,you are able to get the max. for the land members own collectively which luckyhttps://www.blogger.com/profile/12043028042258790121noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-69354845154045730712010-05-23T08:10:57.968-07:002010-05-23T08:10:57.968-07:00I live in khar west near the station. In our build...I live in khar west near the station. In our building we have 12 flats; it’s a two storey building. The society wants to redevelop the building by themselves by demolishing the old flats. They have asked each member to pay 10 lakhs and after completion each member will get double the area of their flat. What precaution should I take regarding the same and what should I get after paying 10 lakhs?Unknownhttps://www.blogger.com/profile/01213639544377527520noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-7643404144661160602010-05-21T01:55:17.729-07:002010-05-21T01:55:17.729-07:00since a corpus fund is a compensation towards the ...since a corpus fund is a compensation towards the increase in maintainance costs of the flats due to construction of a new building in lieu of the old one,<br />then why is it paid on the old carpet area and not on the old one...??ADIT KOTAKnoreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-38031108437599471162010-05-20T05:16:06.748-07:002010-05-20T05:16:06.748-07:00@Anonymous
all your queries have already been dis...@Anonymous <br />all your queries have already been discussed in my earlier posts, kindly go through them and do share your knowledge with us if you have anything new.<br />thank you...<br />:)<br />PPushpzhttps://www.blogger.com/profile/03844654008613100248noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-17485263004833986262010-05-20T05:12:00.980-07:002010-05-20T05:12:00.980-07:00Corpus fund is also known as maintenance fund.
T...Corpus fund is also known as maintenance fund. <br /><br />The term “Corpus” literally means main part or organ of body. It is also known as capital of organization. Normally corpus fund or maintenance fund denotes a permanent fund kept for the basic expenditure needed for survival of organization. Corpus fund is generally not allowed to be utilized for the attainment of the purpose but interest Pushpzhttps://www.blogger.com/profile/03844654008613100248noreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-25620809365778097902010-05-20T02:53:07.077-07:002010-05-20T02:53:07.077-07:00i want to know the exact and real meaning of corpu...i want to know the exact and real meaning of corpus fund,<br />is it a compensation towards the increase in maintainance costs of the flats due to construction of a new building in lieu of the old one...??<br />is it paid on the old carpet area or the new carpet area...??<br />i feel,as, since it is a compensation towards an increase in maintainance costs due to increase in carpet area of the newADIT KOTAKnoreply@blogger.comtag:blogger.com,1999:blog-808644320135398046.post-92189224660453952512010-04-20T04:18:10.247-07:002010-04-20T04:18:10.247-07:00We are into process of redevelopment of our buildi...We are into process of redevelopment of our building and what are the steps that needs are to be followed for making smooth process for redevelopment with full consideration of secutiry of our flats. is there any book available on redevelopment? please adviseAnonymousnoreply@blogger.com