Redevelopment - Why Ace
Ace has been a key driver of the changing face of re-development in Mumbai. Due to our experience and expertise in the sector, we aim to touch the lives of people across the city. Our strong network helps us stay connected to the pulse of the realty sector in India.
The Society gets better standard of living and latest amenities for the members. Better level of infrastructure and services like new and better construction with elevation grand entrance lobby and lifts of reputed make better productive plan for the new flats, more open space along with recreational facilities, separate society office / separate toilets available for servants, provision for the building with latest fire fighting systems, gymnasium with ample car parking.
The other advantages being the increase in flat value and more saleable value of the flat with more carpet area than that of the existing building since the structure is new with provision of modern amenities and improved life style.
- Large numbers of societies building which are very old and dilapidated requires extensive repairs and renovation which the societies are not able to do because of lack of resources
- Redevelopment through persons with knowledge resources and expertise is an answer to the problem for the societies.
- Societies are enabled to provide further facilities and amenities to the existing members which was not possible earlier through this process.
- Due to redevelopment society can get ample open space, garden and playground for children.
- Redevelopment generally involves payment by the developer and the amount to the society to be held by it as corpus.
- Such an amount is in addition to the construction to be carried out by the developer for the society at his own cost.
- These enable societies to strengthen their financial positions to the society and its members.
- Corpus fund could be achieved would take care of the maintenance cost for the new premises otherwise this amount could be utilized by individual members for other purposes.
- Apart from corpus fund society are also eligible to get additional area free of cost and if any of the family requires more additional accommodation in the same building it can be achieved by purchasing additional space from the developer at the best available price.
If you want to redevelop your property with us than simply send us your request & our representative will get back to you soon.
