Oswal Realty
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Home > Why Re-Development > Benefits
Any redevelopment project taken by Oswal group, there are innumerous benefits andlist of amenities to the member
/ flat / society going under redevelopment.
Please find some of the benefits given below :-
We provide extra additional area over and above the existing carpet area to all the members free of cost in the newly constructed building and the additional free of F.S.I. area (eg.) flower bed, niche, dry areas etc. balcony area as permitted by The Municipal Corporation of Greater Mumbai.
We shall pay the society/individual member, a corpus fund towards granting of development rights. The above amount is helpful in paying all outgoings of the existing members in the newly constructed flats. The corpus amount is worked out on the basis of the existing carpet area.
We provide displacement compensation towards temporary alternate accommodation to the affected members during the construction work rent rate per sq.fts on the existing carpet area.
We pay compensation from the time the vacant possession is given by the members for demolition till the construction of the new building/s is/are complete and the peaceful possession of the new flats is given by us.
We provide a list of amenities in the redeveloped building of the members.
We pay all the Stamp duty and registration charges for the additional carpet area offered to the member / flat.
Transportation Charges – We provide to and fro a lumpsum compensation as transportation during transit and re-accomodation of the members.
Brokerage – One month rent as brokerage is paid to each flat member.
What is Re-Development
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