@Rupal-Dhamne Redevelopment can foster economic growth by increasing property values, attracting businesses, and generating employment opportunities. It also enhances community safety through improved infrastructure and can contribute to higher tax revenues that fund public services and amenities.

@shrijay-deshmukh Certainly, challenges encompass maintaining design coherence while incorporating new elements, adhering to regulatory constraints, and mitigating construction-related disruptions to the existing community. Balancing these factors requires meticulous planning and collaboration among architects, urban planners, and stakeholders.

@Hemant_Suttar23 Redevelopment is the strategic process of rejuvenating an existing urban or architectural area to address functional obsolescence, outdated design, or deterioration. It becomes necessary to enhance the area's utility, aesthetics, and sustainability, aligning it with modern standards and needs.

What is the role of the managing committee during the redevelopment process under the Act?