What are the key rights and privileges granted to members under the Maharashtra Cooperative Societies Act?
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What are the key rights and privileges granted to members under the Maharashtra Cooperative Societies Act?
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What is the Maharashtra Cooperative Societies Act, and how does it affect me as a member of a cooperative housing society?
What are the key rights and privileges granted to members under the Maharashtra Cooperative Societies Act?
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RE: What happens to my home and belongings if I hand over my keys for redevelopment?
When you hand over your keys, the developer will take responsibility for the redevelopment process. Your home will be either renovated or reconstructed as per the redevelopment plan. As for your belongings, you'll need to move out temporarily during the construction phase. Developers typically offer assistance and compensation for the inconvenience caused.
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RE: Is there any financial cost involved for me if I hand over my keys for redevelopment?
@SubodhGade Generally, the cost of your temporary relocation is borne by the developer. They usually provide compensation for the inconvenience you'll face during the construction phase. Make sure the terms of compensation are clearly outlined in your agreement with the developer before proceeding.