WENSBRIDGE Services
Society Redevelopment
Advisory and facilitation services for housing society redevelopment under Maharashtra's redevelopment frameworks
About This Service
Ageing housing societies in Mumbai's western suburbs and beyond are candidates for redevelopment under Maharashtra's SRA scheme, self-redevelopment model, or open market developer engagement. WENSBRIDGE provides advisory support to societies through the developer selection, negotiation, and documentation phases.
What You Receive
- Redevelopment feasibility report
- EOI document for developer selection
- Developer evaluation matrix
- Negotiation support and term sheet review
- Documentation review checklist
- Timeline and handover milestone framework
How the Process Works
- 1
Feasibility Assessment
Assessment of the society's plot area, FSI entitlement, current built-up area, and redevelopment potential.
- 2
Member Consensus Building
Support in facilitating member meetings, resolving queries, and building the required majority consent (typically 75%+ under MCS Act).
- 3
Developer Shortlisting
Preparation of Expression of Interest (EOI), evaluation of developer credentials, and shortlisting.
- 4
Negotiation Support
Support in negotiating corpus, rent during construction, area entitlement, and timeline commitments.
- 5
Documentation Advisory
Review of development agreement, GPA, and undertaking with society's empanelled advocate.
Frequently Asked Questions
Under the Maharashtra Co-operative Societies Act, redevelopment requires consent of at least 75% of society members for the process to proceed. Achieving and documenting this consent correctly is a critical early step.
Yes. The self-redevelopment model — where the society itself acts as the developer through a bank loan — has become increasingly viable after recent policy changes. We assist societies in structuring the financial model, obtaining RERA registration, and managing the process.
Interested in Society Redevelopment?
Reach out to discuss your requirements and how we can support you.