In a positive shift toward community-led housing solutions, the residents of the mill workers’ colony in Gokuldham, Goregaon East, have expressed keen interest in self-redevelopment of their aging residential buildings. During a recently held awareness session, renowned architect and urban planner Chandrashekhar Prabhu provided detailed guidance on the benefits and process of self-redevelopment.

The session drew participation from a large number of residents living in the Gokuldham mill workers’ housing, many of whom have grown frustrated with delays and uncertainty in builder-led redevelopment models. Residents were educated about how self-redevelopment can give them greater control over the project, from planning and budgeting to execution and quality assurance.

“Self-redevelopment offers residents the power to decide the future of their homes. It ensures transparency, safeguards their rights, and helps them get maximum benefits without depending on builders,” said Chandrashekhar Prabhu, addressing the crowd.

He further explained that various government schemes and financial institutions now support self-redevelopment, offering funding and technical guidance. With the right planning and cooperative effort, societies can bypass the traditional builder-driven route and redevelop their buildings efficiently and profitably.

The colony currently has around 122 buildings, and a majority of the residents have started discussions around initiating the self-redevelopment process.

Experts believe this growing interest marks a transformative step for housing societies across Mumbai, especially in older colonies where redevelopment has been delayed or derailed due to lack of trust in private developers.

This session was one of several initiatives aimed at promoting awareness about self-redevelopment as a viable, empowered solution for urban renewal in the city’s aging residential pockets.

Also Read: Housing Society tired of no work by builder, opts for self redevelopment

You May Also Like

Office Demand Surges with 47 Million Square Feet Leased in First Nine Months of 2024

In Q3 2024, India’s office space demand soared to 17.3 million sq ft, marking a 31% increase year-on-year, bringing total leasing in the first nine months to 47 million sq ft. Bengaluru and Hyderabad drove this growth, with technology and BFSI sectors leading the charge. New supply also surged, reflecting strong developer confidence in the market.

Should you invest in under-construction properties to get high ROI in 2022-23?

By Suren Goyal There is no denying the fact that a couple…

Lodha clocks over Rs 550 crore sale in July 2020

Lodha Group clocks over Rs 550 crore sales in the month of…

India’s Office Leasing Hits Record High in 2024 with 66.4 Million Sq Ft Activity

India’s office leasing market reached a historic high in 2024 with 66.4 million sq ft of activity, a 14% year-on-year growth. Bengaluru led the demand surge, recording 21.7 million sq ft of leasing. Flex spaces saw unprecedented growth, contributing 12.5 million sq ft, while Hyderabad and Mumbai crossed 10 million sq ft each for the first time.