If you live in an old housing society in Mumbai, you might have heard whispers about redevelopment. Maybe your neighbours have brought it up in meetings, or maybe you’re wondering if it makes sense for your building. Redevelopment can be a game-changer for societies living in aging structures, but the big question remains: when is the right time to consider it?
Let’s break it down.
Om Shakti CHS, Mulund
Why Redevelopment Matters More Than Ever
Mumbai is full of buildings that are 30, 40, even 50 years old. Many of these structures were built long ago, without modern materials or safety standards. Over time, they deteriorate—walls leak, plaster peels, and safety becomes a real concern. MHADA alone has identified thousands of such buildings in need of urgent repair or redevelopment.
The city is also evolving fast. With new policies like The Development Control and Promotion Regulations (DCPR) 2034, additional FSI incentives, and updated consent rules, societies now have more tools and support to opt for redevelopment. Acting early can unlock benefits that might not be available later.
1. Physical Signs Your Building Needs Redevelopment
Watch out for these warning signs:
• Frequent water seepage and cracks
• Damaged plaster and tilting walls
• Electrical problems and outdated plumbing
• Lack of lifts, parking, or fire safety systems
• Structural audit reveals poor health of the building
If your society experiences any of these, it might be time to act.
2. Legal and Regulatory Triggers
The Maharashtra government has made it easier for societies to initiate redevelopment:
• Only 51% member consent is now required (down from 70%)
• Buildings declared “dangerous” by the BMC must be vacated or redeveloped promptly
• Under DCPR 2034, societies get better FSI and redevelopment incentives
If your society is in a cessed building or listed as dilapidated by MHADA, redevelopment could be both mandatory and urgent.
3. Who Should Take the Lead?
Typically, the Society Management Committee or a dedicated Redevelopment Committee drives the process. They should:
• Conduct a structural audit
• Call a Special General Meeting (SGM)
• Hire a legal/technical advisor or PMC
• Start inviting proposals from reputed developers
Transparency and member communication are key.
Shajeevan CHS, Mulund
4. Benefits of Redevelopment
• A brand new home with modern amenities
• Better resale value
• Additional space or extra compensation
• Safety, compliance with building codes
• Enhanced lifestyle with lifts, parking, gardens
Redevelopment transforms your old society into a modern, future-ready space—often at no cost to the residents.
5. Builder-led vs Self-Redevelopment
Builder-led redevelopment is common and easier to manage. The developer handles construction, financing, permissions, and compensation. However, societies should vet developers carefully.
Self-redevelopment gives societies more control but requires strong leadership and financing. It’s ideal for well-organised committees.
6. First Steps to Get Started
• Conduct a structural audit
• Review title documents and land ownership
• Call an SGM and inform members
• Pass a resolution with 51% consent
• Consult a legal expert or PMC
Start collecting proposals from developers or financial institutions (for self-redevelopment)
Don’t Wait Until It’s Too Late
Many societies delay redevelopment until a crisis hits—like a ceiling collapse or evacuation order. Planning early gives you more options and better terms. If your building is more than 30 years old, it’s worth getting a professional assessment.
Ready to explore whether redevelopment is right for your building?
Get in touch with Marathon Realty today for a free structural audit and society feasibility workshop. Write to us at sales@marathonrealty.com to learn more, discuss your society’s needs, and make an informed decision.
Let’s secure the future of your society—safely, smartly, and transparently.
The society must conduct a structural audit and call a Special General Meeting (SGM) to pass a resolution with at least 51% member consent.
From feasibility to final possession, it can take 2 to 3 years depending on approvals and construction timelines.
Residents are provided with temporary accommodation or rent compensation during the construction phase, as agreed in the redevelopment agreement.
No, under new rules, if 51% of members give consent, the redevelopment process can proceed legally.
It can be, especially for financially strong and well-managed societies, but it requires careful planning and execution.
In builder-led redevelopment, the developer usually covers all costs. In self-redevelopment, the society arranges finances through banks or housing federations.
