What is the Re-development Project?

What is the Re-development Project?

🏗️ Imagine this:

You buy an apartment today. After 50 years, the building becomes old…
But instead of spending a single rupee to rebuild it,

👉 you get a brand-new apartment for free, with better design, parking, and facilities.

🏠 Let’s Understand with a Real Example

Let’s say you bought a flat in 1975.
Now in 2025, the building is old, and the apartment owners decide it’s time to rebuild.

This is when a real estate developer like Avittam Homes steps in.

We tell apartment owners:

“You don’t have to spend anything. We’ll build a new apartment block for you. In return, you give us part of your UDS (Undivided Share of Land).”

🛠️ What Do You Get as an Owner?

👉 A brand new apartment

👉 Modern amenities

👉 Rental support during construction

👉 Relocation assistance

And all this without paying the builder.

Yes, Rs.0 investment from the apartment owners.

📈 What Does the Builder Get?

In exchange for the construction cost, the owners give the builder their share of UDS. Using that UDS, the builder constructs additional flats and sells them in the open market.

For Example:

👉 Your old apartment is on a 30-feet road.

👉 With today’s FSI (say, 2), the builder can construct up to 5 floors.

👉 Some flats go to the existing owners.

👉 The remaining flats are sold to new buyers.

So, both parties win:

Owners get a brand-new home with better value. Builder recovers investment by selling surplus flats.

⚖️ Does the Offer Vary?

Yes. The terms depend on:

🔍 Road width

🔍 FSI (Floor Space Index) in that locality

🔍 Location demand

🔍 Project size

🔍 Legal clearances

✅ Every project is custom-designed based on the site potential and owner expectations.

🏁 Final Word

At Avittam Homes, we handle redevelopment projects from start to finish —

✅ Legal paperwork

✅ Owner agreements

✅ CMDA + RERA approvals

✅ Quality construction

✅ On-time handover

🏁 Final Thoughts

At Avittam Homes, we always say — never judge ownership by patta alone. Whether you’re buying land or an apartment, always check the registered sale deed and the EC.

We ensure every Avittam Homes project is built only on clear title lands, with CMDA and RERA approval, and legally verified documents.