The clinical model being followed over decades in Mumbai whereby developer leads the entire process that starts with obtaining the approvals, constructing the new building, sales of additional flats and rehabilitating existing members into new flats having additional area.
Becoming popular in a short span of time, a lot of society members are getting attracted towards self-redevelopment as it provides more benefits than conventional redevelopment to existing occupants. However self-redevelopment comes with certain degree of risk.
List of incentives being offered by government to promote Self-Redevelopment, through GR dated 13th September 2019. This incentives are for more than 30 year old society opting the path of self-redevelopment.
However, detail procedural guidelines are yet to be issued by each of the department based upon the above stated GR. You can download the copy of GR by clicking here
An emerging approach, neo-redevelopment offers more power to society members as it negates risk factors associated with conventional and self-redevelopment models.