12
Mar
Taral Shah, MD of Shivalik Projects, says guidelines are needed to deal with non-consenting members in redevelopment projects With the pandemic situation easing, a flurry of redevelopment projects are expected in Ahmedabad in the near future, he says Ahmedabad (Gujarat) [India], March 12: The trend of real estate redevelopment is poised to grow in Ahmedabad, but more regulatory clarity is needed, according to leading real estate developers. Redevelopment, which refers to demolishing old buildings and undertaking development afresh, has been in vogue in cities like Mumbai for decades. Redevelopment allows for better utilisation of land because of higher FSI, and some of its advantages are larger apartments, better amenities, higher resale value of property, proper parking space, improved fire safety system, among others. While…
