RE-DEVELOPMENT

OWNER TIES UP WITH BUILDER WHO PULLS DOWN THEIR BUNGALOW TO MAKE MULTI-STOREYED FLATS:

THE CAUSE

• Need for more space and separate living units with family size increasing.
• Massive cash inflow along with a fancy home minus any investment.
• Increasing cost of living and maintaining a bungalow.
• Multiple tenants ensure high rent and continuous revenue generation.

THE DEAL

• Land owner enters into a joint- venture with the builder.
• Builder gets all clearances and bears the cost of construction.
• The amount of money and number of flats to be given to the owner is fixed before construction.
• Builder is free to sell or rent his portion of flats.
• Each flat has a separate electricity and water connection.
• Buyers have a proportionate freehold ownership of land.

THE FACILITIES

• High-end interiors, huge carpet area.
• Dedicated parking in the stilt-area.
• Separate servant quarters.
• Inbuilt accessories like air-conditioning, lift, video door phone etc.
• Power back-up.

There are only a dozen quality developers in these areas and each one handles 6-10 projects a year. To list down a few, name of the top builders are below:

1. -  THE UPPAL GROUP
2. -  SALCON
3. -  SANSKAR HOMES
4. -  METRO BUILDTECH
5. -  ROYAL ORCHID

It is essential for the owner to make the right choice of builder who has all the expertise and capabilities to deliver high quality project within the set time frame. Our services here play a vital role in formalising the joint-venture between owner and builder as our team of specialists who cater such transactions on daily basis are up to date on the market prices, government norms, bye-laws and terms conditions that give comfort to both owners and builders who enter into a formal memorandum of understanding.

OUR DEDICATED RELATIONSHIP MANAGER CAN EXPLAIN FURTHER MODALITIES INVOLVED IN THE COLLABORATION AND CAN ORGANISE SITE VISITS TO SHOWCASE THE READY / ONGOING PROJECTS OF THE TOP BUILDERS IN YOUR AREA.