Mumbai housing societies: a checklist before signing a redevelopment deal
Redevelopment promises are only as good as the agreement. Questions committees should settle first.
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Redevelopment remains the main route to new homes in many older Mumbai neighbourhoods. Committees often face tight timelines and complex developer proposals.
Key items to settle in writing include the carpet area for each member, rent or alternative accommodation during construction, a delivery date with penalties, and the corpus fund.
Independent legal and technical review of the draft agreement is standard practice before a general-body vote.
What this means for you
If your society is in talks with a developer, request the draft agreement and project RERA registration for the general body and get an independent lawyer to review it.
Sources
- MahaRERAprimary
- Maharashtra housing departmentother
