Redevelopment opens door to a future full of possibilities

We believe in building the future & restoring the past. Redevelopment allows us to claim the treasures of the past without hampering future growth. It is a necessary step in the life of real-estate buildings after around 25 years.

Redevelopment has ten-fold benefits which include:

  • Increased property value at no extra cost
  • Better planning & latest design layouts
  • Better safety & adequate parking space
  • Expansion of the property at the same prime location
  • Modern amenities & overall surroundings

FAQs

Redevelopment is needed when a structure gets extremely old or worn out. It is also done to correct the inherent flaws of old construction practices. The good thing is that you get a bigger space with better amenities without moving from a prime location.

Redevelopment is done for solving the following problems: structural issues, maintenance issues like cracks, leakages in pipes, parking problems, smaller units, inadequate lifts and so much more.

Buying a new property involves huge investments and moving away from a premium locality. With redevelopment, you can enjoy the same neighbourhood with bigger space and modern amenities, at no extra cost.

for undergoing redevelopment, societies must be older than 25 years. It is advisable to have a redevelopment committee amongst the existing members who can make the decisions on behalf of society.

The legal requirements are as follows:

  • All the individual units must be free from any mortgage
  • No members should have any kind of arrears with agencies like Torrent Power, Adani Gas etc
  • Societies can go for Redevelopment if 75% of the members agree

Nakshatra Group is a trusted & reliable brand with a market presence of 30+ years. We don't compromise when it comes to quality. Our architects give the best in class designs and layouts that ensure value for money to our customers. We’re also known for our timely completions and transparency.

Existing housing society members can purchase the additional areas from the developer. As existing members, they may be able to enjoy preferential rates.

The time frame truly depends on the requirements of the project.

At Nakshatra Group, the construction is done with utmost care and we ensure to not cause any harm to the neighbouring societies.