Redevelopment with Bhoomi Realty

At Bhoomi Realty, we see redevelopment as a partnership for a better tomorrow. It’s more than just building structures—it’s about transforming spaces and enhancing lifestyles. With decades of experience, a foundation of trust, and a commitment to quality, we ensure that communities not only retain their character but also enjoy modern, sustainable, and thoughtfully designed spaces.

| Key Benefits

Why Redevelop
with Us?

We transform communities with modern, future-ready spaces while preserving trust, comfort, and the essence of where you belong.

Know More

A LEGACY OF TRUST

With over 45 years in real estate, we understand the unique needs and nuances of urban communities.

THOUGHTFULLY DESIGNED SPACES

Our redevelopment projects bring modern layouts and smarter use of space, while respecting the spirit of the original community.

TRANSPARENCY

Through open communication, fair agreements, and on-time delivery, we make the process smooth and stress-free for everyone involved.

FUTURE-READY SPACES

Every project incorporates safety, quality craftsmanship, and sustainable solutions, creating spaces designed for lasting value.

Ready to Redevelop Your Building?

Call us today at 📞 +91 80 8658 9595 and let’s get started.

| Our Approach

A Partnership for Progress

We work hand-in-hand with residents and owners to create redevelopment plans that balance tradition with innovation. From the first conversation to the final handover, Bhoomi Realty ensures every redevelopment adds real value for consumers—not just in structures, but in everyday living and community life.

Ready to transform your space? Please fill out the form below, and our redevelopment team will guide you through every step of the process.

| Contact Us

Redevelop Your Building

Please complete the form below to begin your redevelopment journey.

| FAQ

GOT QUESTIONS?
WE'VE GOT ANSWERS

GENERAL

1. What is building redevelopment?

It's the process of demolishing an old or dilapidated building and constructing a new, modern one in its place on the same plot. It's a popular option in Mumbai for aging buildings.

2. Why should our building consider redevelopment?

It offers a solution to several issues, including structural risks, outdated infrastructure, and the need for more living space. It provides residents with a new, safe, and modern home without them having to purchase a new property.

FINANCIAL BENEFITS

1. Are buyers protected, and if so, how?

Yes, buyers are protected by the Real Estate Regulation and Development Act (RERA) of 2016. Buyers' grievances can be directed to MAHARERA for a quick resolution. The act covers the entire process of purchasing a home, as well as redevelopment.

2. What are the benefits for a homeowner?

A homeowner can receive several benefits, including: Additional area over and above their existing carpet area, hardship compensation and reimbursement of rent, and reimbursement of brokerage and relocation charges.

3. Do we have to pay for the new home?

No, existing residents do not have to pay for their new homes. The developer bears all the costs of construction, temporary housing (rent), and professional fees.

4. What is a "corpus fund"?

A corpus fund is a one-time lump sum of money paid by the developer to the building society. It's meant to be used for the new building's maintenance and management.

LEGAL & PROCEDURAL

1. What are the necessary approvals, and how are they obtained?

A Cooperative Housing Society may provide a limited Power Of Attorney to a developer to obtain the necessary approvals. These include a NOC (No Objection Certificate) from the Chief Fire Officer, Traffic NOC, Storm Water NOC, and approvals from bodies like the BMC.

2. What are the stages of redevelopment?

The process begins with a Special General Body Meeting to approve the project. Then, a legal and project management consultant is appointed, bids are obtained from developers, and the best one is selected. Following regulatory approvals and the signing of legal documents, the building is vacated, construction begins, and finally, the new homes are handed over with an Occupancy Certificate.

3. Who can go into redevelopment?

Any building that has not utilized the full potential of its plot can opt for redevelopment. This is subject to the housing society and owner having a clear, marketable title.

CHOOSING A DEVELOPER & PRECAUTIONS

1. How do we choose the right developer?

You should consider the developer's financial stability, past performance, and whether there are any legal cases against the company. It's also important to ensure they adhere to all statutory payments and compliance.

2. What precautions must a housing society take?

Transparency is vital. All necessary terms and conditions must be listed and documented beforehand, and no oral agreements should be accepted. It's also crucial to ensure that no illegal activities are permitted during the process.

3. Can I purchase an additional area?

Yes, existing housing society members can purchase additional areas from the developer. As existing members, they may be able to enjoy preferential rates.

| Projects

Innovative designs,
enduring quality

At Bhoomi Realty, every project is an opportunity to redefine urban living. From thoughtfully planned residences to modern commercial spaces, we create an environment that seamlessly blends aesthetics, functionality, and community.

Explore All Listings