I've heard about redevelopment projects where residents need to hand over their keys to developers. Should I be worried about this?
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Posts made by Umesh Mahale
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I've heard about redevelopment projects where residents need to hand over their keys to developers. Should I be worried about this?posted in Dreamsredeveloped - Redevelopment Community
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Can the management committee impose penalties or take disciplinary actions against members who violate society rules?posted in Federation DR - Cooperative Society procedures
Can the management committee impose penalties or take disciplinary actions against members who violate society rules?
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How does the Act deal with financial matters within a cooperative housing society?posted in Federation DR - Cooperative Society procedures
How does the Act deal with financial matters within a cooperative housing society?
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RE: Can I retain ownership of my property after redevelopment, or will the developer take full ownership?posted in Dreamsredeveloped - Redevelopment Community
@SubodhGade The terms of ownership should be clearly stipulated in the redevelopment agreement. In some cases, you might retain ownership of the property, but it will be subject to the new development plan. Make sure the agreement addresses ownership rights, usage, and any ongoing obligations you might have.
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RE: What role do local authorities play in the redevelopment process?posted in Dreamsredeveloped - Redevelopment Community
@Vibha-Vaidya Local authorities oversee the legality of the process by reviewing and approving development plans, ensuring adherence to zoning laws, building codes, and environmental regulations. They also manage public hearings and permit issuance.