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Mumbai: Self-redevelopment 'only solution but 'not foolproof'
Updated On: 29 January, 2020 07:30 AM IST | Mumbai | Vinod Kumar Menon
The real estate slump, housing experts say, leaves societies with the only option of redeveloping their properties themselves, which too is still in an experimental stage
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Chief Minister Uddhav Thackeray with Subash Lalla and Ramesh Prabhu at the book launch held last week at Mantralaya, as Minister of Water Resources Jayant Patil (in white) looks on
With the real estate market facing a slowdown, housing experts believe that self-redevelopment could be the only way forward. Over 3,000 redevelopment projects have come to a halt in the city and MMR region in the past few years.
Chief Minister Uddhav Thackeray too had expressed his concern over these stalled projects while launching the book 'Compendium of Self Re-Development for Cooperative Housing Societies' authored by former bureaucrat Subhash Lalla and Ramesh Prabhu, founder of MahaSEWA.
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