Redevelopment: How cooperative housing societies reach a POINT OF NO RETURN due to corrupt builders

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  • เผยแพร่เมื่อ 14 ธ.ค. 2024

ความคิดเห็น • 73

  • @nirupamasalian8910
    @nirupamasalian8910 2 ปีที่แล้ว +17

    A Performance Guarantee is given by a Bank by keeping an amount as Fixed Deposit of 100% of the amount at stake. This must be made compulsory for Redevelopment projects.

  • @rameshvichare3079
    @rameshvichare3079 ปีที่แล้ว

    Shree Krishnaraj Rao is really talking the TRUTH. He is expressing future problems of Builder/Developer in Redevelopements of CHS in a very simple and understanding way so that every member of any society will get aware of it in advance.
    --Great @

  • @shivprakashsharma4707
    @shivprakashsharma4707 2 ปีที่แล้ว +9

    Most of Landlords/Builders are using divide and rule policy among members.Some members when becomes selfish then only interest of members are not protected.If managing committee acts pro members then no Landlords/Builders can cheat any society member.Under redevelopment process,same structure should be built for rehab and salable area.Proper documentation with clear terms and conditions by an eminent lawyer and it should be registered.

    • @gargijain8553
      @gargijain8553 4 หลายเดือนก่อน

      Absolutely right...divide and rule is the policy they adopt.. And they call individual flat owners and lure them that they will be taken care of if they convince other members...But I don't understand one thing, if we select a shady developer then even the MC member's flats will be at risk...are they not concerned about that? Sorry for asking a lame question

  • @sudhirpatil3434
    @sudhirpatil3434 2 ปีที่แล้ว +3

    Nicely put up!
    Very much practical information ! Thx sir!

  • @MrSudumaas
    @MrSudumaas 2 ปีที่แล้ว +4

    This is exactly builder Lokhandwala Minerva doing this to dhobi ghat resident it’s been 13 years still the people fighting for justice to get home some people haven’t received the rent for 2 years Total resident 1800. Now it’s worst situation many people died in covid in hope of that they will get home, I think birth of gabar should take place to provide justice to people

  • @sunilpimplikar6002
    @sunilpimplikar6002 2 ปีที่แล้ว +1

    Thanks for the awareness SIR...

  • @avinashrbangera1084
    @avinashrbangera1084 2 ปีที่แล้ว +2

    Thanks alot for sharing such valuable information

  • @divyaalok5538
    @divyaalok5538 2 ปีที่แล้ว +1

    Awesome

  • @chahem
    @chahem 2 ปีที่แล้ว +3

    After seeing these videos, one feels that building own house on own plot is tge best.

  • @MyMurty
    @MyMurty 2 ปีที่แล้ว +4

    Very informative video talks by Krishna. But I want one clarification from this gentleman.If the Managing committee members are dishonest and align themselves with the builder and does not work in the interests of the members( flat owners) in many cases will not the members of the managing committee also suffer if the buiider cheats and does not complete the building?Even assuming that the members of the managing committee are corrupt and bribed by the builder will they not suffer more damage if the building redevelopment is not completed?Pl clarify.

    • @KrishnarajRaoUrbanNaxal
      @KrishnarajRaoUrbanNaxal  2 ปีที่แล้ว +2

      The managing committee members of societies also suffer consequences for the bad decisions they make (just as the princes, nizams and peshwas who aligned with the British for temporary gains eventually lost their kingdoms). But in this process, ordinary flat-owners also suffer.

  • @12345ngb
    @12345ngb ปีที่แล้ว

    The best options in case of redevelopment are
    1. Take compensation money and run
    2. Redevelopment by own society
    In the last 15 years, I have seen so many people in my friends/family suffer due to redevelopment and only one successful case
    The one successful case was a prime location in Matunga. The developer clearly said that he is not going to make a redevelopment wing. All flats will be 3/4 Bhk and existing members will have to pay the difference or take a n outright settlement

  • @aaryahp
    @aaryahp 2 ปีที่แล้ว +3

    Again d same identical case of Mulund Trupti chsl. But only d positive thing is we hv not vacated the bldg.👍 We hv terminated the developer in AGM. But the managing commitee doesn't want to terminate the developer.

  • @vivianxavier4688
    @vivianxavier4688 2 ปีที่แล้ว +2

    Sir I have a ground level house in Kurla and planning to renovate the house with 2 additional floors above. Is there any rule or act to adhere before I could proceed with the renovation work? What are the guidelines one needs to follow?

  • @monicadsouza2537
    @monicadsouza2537 2 ปีที่แล้ว +1

    How much should the minimum bank guarantee be?

  • @hometypist1966
    @hometypist1966 2 ปีที่แล้ว +1

    Sir, Most Member fall in this trouble because
    1. They trust the MC and let them handle.
    2. They have the FEAR factor that discourages them to oppose any wrong decision. Their FEAR factor is such that they feel afraid because they are alone, while MC has the other Members with them. But may cases where individuals have gone against the Builder and won the case.
    3. They do not know how to proceed against the Builder and the MC collusion with the Builder.
    4. Most important of all, almost in all Societies that goes for Members are generally not Agreement Experts to understand the Cause interpretation, hence they depend on other members who convinces others that Clauses are in favour of the Societies, while it may not be interpreted in favour of Builder.
    5. MC gets Bank Guarantee but later the Builder convinced the MC to cancel the BG and from their starts the problems from the Builder in some cases.
    and many others
    Remember if you know the basic as above and more and you are ready to FIGHT, you will WIN

  • @ushagupta2465
    @ushagupta2465 2 ปีที่แล้ว +1

    If there is difference of opinion among the office bearers n committee mrmbers in the selection of developer but the fraud members are not in majority, what are the remedies available. Can Secretary n treasurer challenge the process in MHADA giving the details of irregularities to MHADA n challenge this process.

  • @palbasu
    @palbasu 2 ปีที่แล้ว +3

    Hello Sir, and a very Happy New Year to you. Looking at your interaction with the people who booked flats with Runwal and Lodha, I would like you to take a look at VTP Realty Group of Pune. Their projects VTP Purvanchal and VTP Celesta are still not complete after many years, and they have launched multiple projects in Pune simultaneously, including two large townships of 100 acres named VTP Blue Waters and VTP Pegasus. Both these townships were KUL Ecoloch and KUL Nation respectively, which were never completed and have now been taken over by them. Some things about their ventures just don't add up. Many people in Pune have booked flats with them en masse. It would help many if you could turn your trained eyes to this.

  • @danzi73
    @danzi73 2 ปีที่แล้ว +3

    Kuch solution diya hi nahi.

  • @discomallu9769
    @discomallu9769 2 ปีที่แล้ว +4

    Why is nobody asking for these issues to be fixed via regulation, building standards and their enforcement ? Hasn't this 🍌 Republic been around for 70+ yrs and why no standards yet ?

    • @KrishnarajRaoUrbanNaxal
      @KrishnarajRaoUrbanNaxal  2 ปีที่แล้ว +4

      Making laws and rules has a limited utility. For instance, things are better now after RERA was enacted. However, loose interpretation and reluctant implementation of any laws and rules enables the rich and influential builders to get away.
      But there is another factor enabling builders to get away, and that is the ignorance of flat buyers and their inability or unwillingness to fight for their own rights. I am trying to make a difference in this area, and I feel my efforts are met with reasonable success 😁

    • @discomallu9769
      @discomallu9769 2 ปีที่แล้ว

      @@KrishnarajRaoUrbanNaxal no society can function without laws and their implementation. However in India things are different. For eg, when crime is committed against women, we are trained to blame culture and religion, while the actual reason is lack of policing and the alarmingly low policemen per capita that we have. Add to this the archaic colonial IPC.
      The only solution to real estate related issues is to establish an organisation that will ensure that building norms and quality is adhered to. They should also be the guarantor if things fail. Very similar to what is done in the developed economies.
      Otherwise we will spend our lives blaming the builders religion,caste, food preferences etc etc while conditions remain status quo.
      And all this shouldn't have waited for 70 yrs.
      Like rera and deposit insurance , maybe prophet chaiwala was destined to do these too while Oxbridge educated elites slept

    • @armourconsulting6648
      @armourconsulting6648 2 ปีที่แล้ว

      True

  • @bullsnbears1974
    @bullsnbears1974 2 ปีที่แล้ว +1

    Sir would like to draw your attention to a redevelopment project in Malad East.
    I am a tenant in the building, which has been redeveloped for the last 10 years.
    Name of the project is Hazel Homes.
    Under SRA the builders M/S Nine Globe Builders, and all its partners, they have approved plan which states that there are 18 duplex and triplex flats in the building.
    And they have sold close to 70 flats.
    Please help us.
    Thanks

  • @MrSudumaas
    @MrSudumaas 2 ปีที่แล้ว +5

    This mostly happening in Mumbai now

    • @rakeshmodi6061
      @rakeshmodi6061 2 ปีที่แล้ว

      In Mulund West by builder Anand Dargar of metro group....doing with many properties

  • @mm9112001
    @mm9112001 2 ปีที่แล้ว +1

    sir humare case main BG nahi diya kyun ki woh 3 crores conservancy lane humare behalf mein kharidnewala hain

  • @arunv1979
    @arunv1979 2 ปีที่แล้ว +2

    Hello Mr. Krishnaraj
    We are in deadlock position with our redevelopment with builder Rustomjee. We had made an agreement on 2011, but till now our redevelopment has not started. Now we are asking our developer to develop our society as per DCPR 2034, he tells that he will not be able to develop our society as per DCPR 2034 and is adamant that he will redevelop as per our 2011 agreement only. We repeatedly asked him to give us writing on how much area, corpus fund, rent he is giving and details of bank guarantee, but he doesn't give anything. We want to take legal action against him, but we are afraid that the case may take another 10 years to get resolved. There are some MC members and some society Members are in builders hand and are stopping us from taking legal action. Could you please advice how should we go forward with this issue.

    • @nishakuttyphoto
      @nishakuttyphoto ปีที่แล้ว

      Did it get resolved?

    • @arunv1979
      @arunv1979 ปีที่แล้ว

      @@nishakuttyphoto No solution.

  • @siddhesh3000
    @siddhesh3000 2 ปีที่แล้ว +2

    Thank you sir for your guidance regarding redevelopment, but here I want to give one suggestion is self-Development is better solution on all this risky development. I know in self-development also there are some pro's and con's also. But on hind side flat owners would get good benefits than the benefits they would get in re-development from builder. Also the ownership would intact till the building gets completed. Please give your suggestion also.

    • @KrishnarajRaoUrbanNaxal
      @KrishnarajRaoUrbanNaxal  2 ปีที่แล้ว +2

      Self development is a mixed bag. I will make a video about that also.

    • @siddhesh3000
      @siddhesh3000 2 ปีที่แล้ว

      @@KrishnarajRaoUrbanNaxal ok Sir, Thanks for your revert .

    • @dreams6090
      @dreams6090 ปีที่แล้ว

      ​@@KrishnarajRaoUrbanNaxal - hello Sir, our society is currently discussing redevelopment with a builder. I have some questions around it. How can I connect with you ?

  • @kunalsen2123
    @kunalsen2123 2 ปีที่แล้ว +2

    Krish, what's your opinion on redevelopment of a society (basically extension of additional room for each unit) which is proposed to be done while the CGHS members continue staying within the building? Is it worth the risk then? Suppose structural audit allows for the expansion and extensions are legally ratified. (sorry to post this on a few of your related vids)

    • @12345ngb
      @12345ngb ปีที่แล้ว

      Take compensation money and run

  • @mrmprm8732
    @mrmprm8732 2 ปีที่แล้ว

    Policy of builder to offer flat or flats from the sale component of the to-be-constructed structure as security to the rehab component instead of giving bank guarantee or surety bond. Shockingly Mumbai High Court has not questioned the adequacy of the above type of security policy offered by the redeveloper in place of bank guarantee or surety bond.

  • @rakeshmodi6061
    @rakeshmodi6061 2 ปีที่แล้ว +4

    Aapne to Puri meri building ki hi reality bataa Dee hai Sir...

    • @rakeshmodi6061
      @rakeshmodi6061 2 ปีที่แล้ว

      @@consultpunit which bldg. Where?

  • @KINGMJ1990
    @KINGMJ1990 2 ปีที่แล้ว +1

    Same thing happened in Ghatkopar lower class chawl redevelopment project Miniplot

  • @jagruknagrik1690
    @jagruknagrik1690 2 ปีที่แล้ว +1

    Most Important Topic.

  • @kkrishna4768
    @kkrishna4768 2 ปีที่แล้ว +1

    We would be sealing in same boat which is above drown... Hope we win... We toh dont have conveyance also.

  • @mona8564
    @mona8564 2 ปีที่แล้ว +3

    Sir aap se baat karni thi, kaise ho sakti hai please batayiye 🙏🙏

  • @kailatvaidyanathan1288
    @kailatvaidyanathan1288 2 ปีที่แล้ว

    Suggest explain what is the value of the flat goes for redevelopment and what one gets.

  • @Mumbranews
    @Mumbranews 2 ปีที่แล้ว

    Es jaankaari ko sab log viral karo.jis sey koi bhi builders public public ko fansa nahi sakta.sab ki sab society waley advocate rakho.bigair advocate key koi bhi society waley kisi bhi builders ko apney advocate ki salah key devlopment ko mat do.

  • @QUINSYlarynx
    @QUINSYlarynx 2 ปีที่แล้ว +1

    If redevelopment is fraught with difficulties and broken dreams, what would you recommend to a flat owner in a 35-year old apartment building?

    • @KINGMJ1990
      @KINGMJ1990 2 ปีที่แล้ว +2

      Sell and buy another flat in a 5 year old bldg. Make money to pay the difference , or move out of the city.

    • @QUINSYlarynx
      @QUINSYlarynx 2 ปีที่แล้ว

      @@KINGMJ1990 moving to a different city makes more sense, especially with remote working and rising cost of living in Mumbai.

  • @saeedbashir4171
    @saeedbashir4171 2 ปีที่แล้ว

    IN LETEST NEW LAW IS BEING IMPLICATIONS SHORTLY IN MAHARASHTRA ALL SOCIETY MEMBERS FLAT OWNERS WILL GET PROPERTY CARD ALONG 7 /12 EXTRACT. ABP NEWS .

  • @khwajamdasim7630
    @khwajamdasim7630 3 หลายเดือนก่อน

    You mean to say that... Builder ke Piston me Lubricant Flat owners aur society khud lgaate hai,,😊

  • @girishjoshi3102
    @girishjoshi3102 2 ปีที่แล้ว

    A member with law is majority.

  • @manojgurav8185
    @manojgurav8185 2 ปีที่แล้ว

    Pls make video on SRA development

  • @goldagraceline6633
    @goldagraceline6633 2 ปีที่แล้ว

    Kindly translate to English for greater reach.

  • @mm9112001
    @mm9112001 2 ปีที่แล้ว

    Rent cheque will be paid by the builder in advance

  • @RajeshThakur-ul4vi
    @RajeshThakur-ul4vi 2 ปีที่แล้ว

    Sir are u estate lawyer or legal consultant ??

    • @KrishnarajRaoUrbanNaxal
      @KrishnarajRaoUrbanNaxal  2 ปีที่แล้ว +3

      I am an activist and journalist, not a lawyer. But people get a lot of legal and practical advice from me.

    • @iqbalsayed2532
      @iqbalsayed2532 2 ปีที่แล้ว

      @@KrishnarajRaoUrbanNaxal sir how to avoid all such problems.
      Is appointing a good Legal Consultant a Solution??
      So as to get good terms in agreement from builder ??
      #solution

  • @dspblacker
    @dspblacker 2 ปีที่แล้ว

    What should people living in old buildings do, no one wants to buy their old flats, as the building look they may collapse anytime
    Any suggestions?

    • @KrishnarajRaoUrbanNaxal
      @KrishnarajRaoUrbanNaxal  2 ปีที่แล้ว +2

      Yes. Sell the land plot to the highest bidder and distribute the proceeds between the society members in the ratio of their carpet area.

    • @discomallu9769
      @discomallu9769 2 ปีที่แล้ว +1

      @@KrishnarajRaoUrbanNaxal and move to juggi jhopdi in Delhi for free water , WiFi and electricity ?

    • @utubefreak7167
      @utubefreak7167 2 ปีที่แล้ว +3

      @@discomallu9769 I don’t know about you but I bought a whole 4 Storey building with 3.5Cr in West Delhi prime Location, as compared to a matchbox in Mumbai.
      And yes, Free Water and Electricity are just perks on top.

    • @discomallu9769
      @discomallu9769 2 ปีที่แล้ว

      @@utubefreak7167 good for you, we all should move to Delhi as it sounds like a paradise.

    • @dspblacker
      @dspblacker 2 ปีที่แล้ว +1

      @@KrishnarajRaoUrbanNaxal will selling the plot secure an amount close to value of flat?

  • @Earthen-u2f
    @Earthen-u2f 11 หลายเดือนก่อน

    society managing committee पैसे खाके डकार लेती हैं, तब तक builder सोसायटी का काम चौपट करके रफु चक्कर हो जाता हैं

  • @shringaresharad
    @shringaresharad 10 หลายเดือนก่อน

    आयओडी के बाद सीसी मिलने के लिए बिल्डिंग डिमॉलीश करके बाऊंडरीके बाहर चारो ओरसे पत्रा मारना जरुरी होता है।

  • @vijaygosavi9527
    @vijaygosavi9527 ปีที่แล้ว

    बहोत डरा दे रहे हो.