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The importance of redevelopment for rejuvenating Mumbai's real estate

As we know, Mumbai is a peninsula, with water on three sides. It is also the Commercial Capital of India and one of the most urbanized and populated cities of India. There is a limited amount of land mass available for development, except in the North of Mumbai & Navi Mumbai. Further, there are very limited clear title pieces of land and the demand for housing is humongous. Hence, the only way to sustain a dynamic real estate market with good supply of flats, is through the Redevelopment of old & dilapidated buildings, Societies, Chawls, Mill lands and Slums. This is the only way that real estate prices can be brought down to more affordable levels. Also, most of the buildings in Mumbai were constructed in the late 60’s and 70’s, and are therefore in need of structural repairs as the buildings have neared their life span. Hence there is a safety issue for the occupants. The repairs are usually costly and can only increase the building life by another few years. It is therefore imperative and beneficial to the flat owners/ tenants, to go in for a redevelopment, which will give them brand new flats having a longer life, some additional usable area, better parking facilities and better amenities. Hence, Redevelopment is very important for addressing the challenges posed by a rapidly growing and densely populated city like Mumbai.

Role of developers like your firm, advantages of their experience and expertise

Rohan Lifescapes has been in the business of Redevelopment since the last over 20 years. It has achieved considerable success through completion of more than 20 Residential Projects and has over 5,000 satisfied customers. Most of the residential projects are “redevelopment” of cessed buildings in the island city. The Company has gained considerable expertise and skills in Tenant negotiations & management, Landlord negotiations, acquisitions, development agreements and joint ventures. It also has great experience in planning layouts, parking areas and amenities, and is a trusted name especially in South & Central Mumbai. As we were one of the first companies in the area of Redevelopment, we also understand the ever changing complex regulations.

Company introduction, redevelopment projects portfolio and track record

Rohan Lifescapes is a reputed real estate redeveloper with a strong track record in Mumbai. With over 20+ years of trust, 6.5 million sq. ft developed, 5000 customers and a future potential of over 50 prime land parcels across Mumbai, we are a major player in the Mumbai real estate market. We have over the years, formed a very deep-rooted connect with our tenants & customers. We also understand the nuances of the Government regulations, processes and approvals, and our experience has enabled us to successfully undertake and complete various redevelopment projects. We have transformed ageing neighbourhoods into vibrant and joyful communities. Our portfolio includes the development of residential and commercial properties, known for their quality, planning and optimum utilization of spaces. We strive to obtain customer satisfaction and adhere to all regulatory requirements. As a trusted redeveloper, the vision of Rohan Lifescapes is to contribute to Mumbai's urban rejuvenation and add to Mumbai's renowned skyline

Specialisation in redevelopment segment, feedback from society members/tenants

Rohan Lifescapes specializes in the redevelopment segment of Sections 33(6), 33(7), 33(7B), 33(9B) and such other schemes of the Development Control Regulations. It is amongst the older players with experience in transforming old and dilapidated properties into modern and sustainable developments. There is expertise in great planning and optimum utilization of FSI, which is highly valued by society members, tenants and clients. They appreciate our understanding of the nuances of delivering quality projects, creating comfortable and functional living spaces with great views. The transparent communication, attention to layouts and efficient handling of the redevelopment process has earned Rohan Lifescapes the trust and faith in the community