Tag: self-redevelopment

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Maharashtra Panel Proposes Cancelling Membership for Flat Owners Blocking Redevelopment

PUNE: Homeowners who continue to obstruct self-redevelopment after exhausting all legal avenues may face membership revocation, as suggested by a state-appointed study group. The panel, led by MLC Pravin Darekar, emphasized that while objections are a member’s right, persistent resistance following majority approval of a redevelopment plan constitutes holding the entire society at ransom. The report proposed that if a minimum of 51% of society members approve a redevelopment resolution (validated by the deputy registrar, cooperative court, or even the High Court), that decision should be obligatory for everyone. Dissenters would then need to vacate their flats to facilitate the…

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SGRA Chair Calls on Pune Societies to Adopt Mumbai Self-Redevelopment Model

PUNE: Pravin Darekar, chairman of the new Self-Group Redevelopment Authority (SGRA), announced on Sunday that self-redevelopment is increasingly advantageous for property owners. The initiative is gaining traction in Mumbai, and he encouraged more housing societies in Pune to consider it. Speaking to reporters at a seminar hosted by the Pune District Cooperative Housing Societies and Apartments Federation, Darekar highlighted the formation of a dedicated authority to promote self-redevelopment. He noted that the state cooperative bank and various district banks are willing to provide loans for such initiatives. “Many private builders are obtaining loans at very high rates from private banks.…