In a city that’s constantly evolving, we believe your home should evolve too. At AsmitA India Realty, we bring decades of experience in premium residential development to the next frontier — society redevelopment. Our goal is simple: to help residents upgrade their living standards without leaving the neighbourhoods they’ve built their lives in.
We approach redevelopment as more than construction — it’s about revitalising communities with thoughtful design, cutting-edge amenities, improved safety, and enduring quality. With our strong legacy in creating modern, sustainable homes across Mumbai, our expert team is fully equipped to ensure a smooth, transparent, and rewarding redevelopment journey — from proposal to possession.
Every society has its story. We’re here to help you reimagine yours — with a home that reflects your aspirations and stands the test of time.
At AsmitA India Realty, we specialize in the art of maximizing the potential of existing land areas to draw in prospective residents, investors, and businesses.
Since 1985, we have spearheaded community transformation, enhancing infrastructure, education, and healthcare.
Our portfolio boasts 50 thriving residential developments and over 200 successful commercial projects.
Recipient of the Smart Real Estate Project award (2022) from CNBC Awaaz & Best Realty Brands (2024 & 2025) by ET Edge Times Group.
Empowering your society’s transformation is not only simpler but also the wisest investment for financial security and the future. AsmitA India Realty, a top-rated redevelopment partner in Mumbai, is committed to ensuring a smooth and stress-free process. Explore our user-friendly guide for navigating your society’s redevelopment journey with ease.
The process begins with the developer presenting an official Offer Letter to the housing society. This letter outlines the key redevelopment details — proposed unit plans, revised carpet area, transit rent or accommodation, corpus, amenities, and construction timelines — for the society’s review.
Once terms are mutually agreed upon, the developer collects the “Occupant’s Irrevocable Consent” in MHADA’s prescribed format. MHADA then issues a No-Objection Certificate (NOC) and an approved list of eligible tenants or occupants.
After receiving the MHADA NOC, the developer submits redevelopment plans to MCGM for an Intimation of Disapproval (IOD). The IOD serves as the initial permit to begin work, subject to compliance with its conditions.
Post-IOD, Permanent Alternate Accommodation (PAA) agreements are registered with all residents, legally securing both parties. Temporary relocation can then begin smoothly and safely.
Once all tenants have moved out, the old structure is demolished. The developer then obtains the Commencement Certificate (CC), authorising the start of new construction.
After construction, MHADA issues a “No-Objection for OC,” followed by the Occupation Certificate (OC) from MCGM, confirming the building is ready for occupancy.
With the OC or Part OC granted, the developer hands over the new flats to existing tenants and new buyers. Residents can now move into their upgraded homes.
Within 4–5 months of possession, a new co-operative society is formed. The developer transfers all project documents to the newly appointed committee, completing the redevelopment process.
Society Redevelopment (under DCR 33(7)(B)) applies to old, privately owned or tenanted buildings—mainly in South Mumbai—where societies or landlords redevelop their own property with MCGM and MHADA approvals.
MHADA Redevelopment, on the other hand, applies to buildings or colonies built on MHADA-owned or leased land. In these cases, MHADA acts as the approving authority, and a portion of the new construction area is surrendered back to MHADA as per policy.
Yes. Homebuyers are protected under the Real Estate (Regulation and Development) Act, 2016 (RERA), which ensures transparency and accountability in all real estate and redevelopment projects.
Under MahaRERA, developers must register their projects, adhere to approved plans, and meet possession timelines. Buyers can file complaints directly with MahaRERA for quick resolution. This law safeguards every stage of the redevelopment process — from agreement to delivery — ensuring that buyers’ rights and investments remain secure.
Redevelopment happens in a few key stages to ensure transparency and smooth execution:
Completion & Handover: Once the project receives the Occupation Certificate (OC), new flats are handed over to society members.
Any housing society or building over 30 years old, or one that has a structural audit report recommending redevelopment, can begin the process.
Redevelopment is most suitable for societies dealing with issues like poor maintenance, lack of parking, outdated amenities, or safety concerns.
To proceed, the proposal must be approved by at least 51% of society members through a resolution passed in a General Body Meeting (GBM).
In a redevelopment project, the developer pays all statutory payments, including stamp duty, registration, and government fees related to the redevelopment area.
However, any outstanding dues of existing members must be settled by the members themselves. If a member chooses to purchase additional area beyond what is allotted, all related charges — such as Stamp Duty, Registration, and GST — are to be borne by that member.
Selecting the right developer is crucial for a successful project. Societies should evaluate:
Choosing a developer with a strong reputation and proven delivery record ensures a smooth and secure redevelopment journey.
Not necessarily. Every redevelopment project is evaluated differently based on its feasibility and site conditions.
Factors such as the existing building’s utilisation, plot size, road access, and even requirements like road widening can influence the offer. As a result, the terms, area, and benefits may vary from one society to another — even if they’re located nearby.
Transparency is key to a successful redevelopment. All terms and conditions should be clearly documented in writing, leaving no room for verbal agreements.
The society must also ensure that every stage of the process follows legal compliance, with regular updates shared with all members. Any form of misconduct, rule violation, or unauthorised change should be strictly avoided to protect the interests of all residents.
