“Redevelopment” refers to the process of reconstruction of the premises by demolition of the existing structure and development of a new structure. Typically perceived as the physical placement and regulation of land uses and structures, redevelopment is necessary as every building has its own in-built shelf-life, after which the building becomes unsafe to live in. Structural audit is recommended by consultants for safety and protection of citizens after 30 years of the Building or Old Wada. It is hence not just construction of buildings but ensuring that residents of a community are empowered to improve their quality of life and environment as a result of sound Planning practices by the Developers. Therefore, the Developers and Owners need to agree upon mutually acceptable terms and can make it a successful collaboration.

There are many Old Dilapidated Wadas & Buildings in the City Limits which benefit through this decision of Redevelopment. “Mansi Construction” has successfully redeveloped many such Wadas in the Renowned Peth areas of Pune City, turning into beautiful Residential Homes therefore creating a successful brand in this sector.

Today most the societies are opting to go for Redevelopment rather than repair activities because of the following benefits: Why is redevelopment beneficial?