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One of the oldest co-operative housing colonies in Mumbai, Talmakiwadi in Tardeo, is planning to go for reconstruction under the self-redevelopment scheme. After approval of the housing society's general body, the residents are meeting next month to discuss fund raising options.
When societies decide to reconstruct their buildings without involving a builder, it is known as self-redevelopment. Home owners in this case do not have to share benefits, including increased Floor Space Index (FSI) or construction space, with builders. The government has announced incentives to promote self-redevelopment.
This story is from the June 10, 2024 edition of The Free Press Journal.
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This story is from the June 10, 2024 edition of The Free Press Journal.
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