A Mulund housing society member says redevelopment started in 2011-12 but remains incomplete, with residents paying rent from their pocket.
A homeowner has taken to social media seeking advice after his housing society in Mulund remained stuck in redevelopment for more than 15 years, highlighting the prolonged uncertainty faced by residents of stalled redevelopment projects across the Mumbai real estate market.
The homeowner said that his small cooperative housing society, comprising around 20 members, entered into redevelopment agreement around 2011-12. The project was initially expected to be completed in about two years. However, more than a decade later, the building remains incomplete, with construction having reached only around six of the planned nine floors.
The homeowner said the developer had cited various reasons for the delay over the years, including approvals, permissions and funding issues. According to the post, the developer initially paid rent to members for around two years, but those payments stopped a long time ago. Since then, residents have reportedly been paying for their accommodation from their own pockets while waiting for the redevelopment project to progress.
The situation has been particularly difficult for the society’s senior citizen members, the resident said. He noted that members had remained patient and trusted the developer for years, and consequently, the society did not take major legal action against the developer during the earlier stages of the delay.
“Everyone has been patient and trusting the builder for years, so no major legal action was taken till now. But now people are finally starting to realise that we can’t just keep waiting without knowing what is actually happening,” the social media post reads.
Several users replied to the social media post, sharing their experiences and advice on dealing with prolonged redevelopment delays. One user suggested checking the CC, unsold inventory, revised plans, FSI potential and the Development Agreement. The user also urged society members to seek legal advice, demand outstanding rent and insist on written timelines instead of verbal assurances.
Source: Hindustan Times
