- The traditional way to redevelop a building is to hand over the task to a builder.
- But, owing to nightmarish experiences faced by other housing societies across the state, property owners have been hesitant to adopt this method.
- The Government of Maharashtra launched a Self Redevelopment scheme in January 2018 to allow existing owners to undertake the Redevelopment themselves.
- Under this, the residents themselves appoint a Development Manager and execute the Redevelopment project.
- The trend has gathered steam and currently, many societies in Mumbai have opted for Self Redevelopment.
Allows existing owners to
undertake the Redevelopment themselves
What is Self Redevelopment?
The Power to redevelop your Housing Society is now in your hands!
Self Redevelopment 
Vs BUILDER-LED REDEVELOPMENT
LEGAL RIGHTS
TRANSPARENCY LEVEL
AMENITIES AND FACILITIES
DEADLINES AND MILESTONES
Self Redevelopment
Reserved by the society
Maximum,direct coordination with the help of Development Manager
Decided by the society, for the society
Decided by the society
BUILDER-LED Redevelopment
Transferred to the builder
No transparency, entire process controlled by the builder
Decided by the builder, for the society
Decided by the builder, possibility of delay
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What Client's Say?
Self Redevelopment with Verite allowed us to build a society as per our needs. We are now a self-sufficient unit with all the services within the premises, something we never thought would be possible.
The best decision we took was to go for Self Redevelopment. Verite offered us all the services and guidance and made sure to meet the targets and timelines efficiently.
Hiring Verite and undergoing the process of Self Redevelopment led to the creation of this space that is sustainable and modern enough to meet the demands of the next few years.