The Process of Redevelopment is vast to Explain.
However in a Box it can be Explained by understanding What is the Need of Redevelopment
Building are getting Old and some even Dilipidated
Times have changed and the Design Requirements have Changed (Such as Wooden Windows have been ousted by Aluminium French Glass Windows etc.. Small flat and room sizes with No attached Toilet concept in the Old Buildngs brings in a Need of Redevelopment as per Changing Times.
Design is old fashioned and outdated, with no amenities
The Process of Redevelopment is to optimise the FSI/TDR not consumed by Exisitng Buildings and/or use the Balance Potential of the Plot/ Existing Building as per prevailing Regulations. It can be Explored by a Feasibility worked out of the Project and by Existing occupants getting extra area, Rents and Corpus etc.. The Extent of Area and Rent and Corpus etc is Depending on the Feasibility Study which isdependant on the Existing FSI Consu,ed and Balance Potential and Location of the Plot etc etc....
