Tag «Residential Building Redevelopment: Guidelines For Housing Societies»

Residential Building Redevelopment: Guidelines For Housing Societies: Anuj Puri, Chairman & Country Head, JLL India

In most metros such as Mumbai, redevelopment of old residential buildings is a normal and desirable occurrence. Without redevelopment, there would be no new supply in the fully developed city centres. Also, redevelopment is necessary because every building has an inbuilt shelf-life, after which it becomes unsafe, unattractive to the market and difficult to maintain. …