TO ANALYSE THE ELEMENTS HAVING AN “EFFECT ON REDEVELOPMENT OF BUILDING”
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The document discusses elements that affect the redevelopment of buildings, specifically analyzing redevelopment projects in Ahmedabad, India. It outlines the redevelopment process and rules/regulations, and examines redevelopment's benefits in addressing issues with old residential buildings like maintenance problems. The conclusion emphasizes that redevelopment helps select profitable projects through reusing land with low investment and risk but high returns.
TO ANALYSE THE ELEMENTS HAVING AN “EFFECT ON REDEVELOPMENT OF BUILDING”
- 1. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 09 Issue: 05 | May 2022 www.irjet.net p-ISSN: 2395-0072 © 2022, IRJET | Impact Factor value: 7.529 | ISO 9001:2008 Certified Journal | Page 477 TO ANALYSE THE ELEMENTS HAVING AN “EFFECT ON REDEVELOPMENT OF BUILDING” Darshan Shah1, Krupa Dave2 1PG Student, M.E. (Civil) Infrastructure Engineering, L.D.R.P. Institute of Technology & Research, Gandhinagar 2 Asst. Professor, Dept. of Civil Engineering, L.D.R.P. Institute of Technology & Research, Gandhinagar ---------------------------------------------------------------------***--------------------------------------------------------------------- Abstract - Redevelopment is the best option real estate. It gives maximum output by reusing used land and solves the problems of decentralization and population density. Redevelopment is the best solution to fulfil decentralization problem in big cities like Mumbai, Kolkata, Ahmedabad etc. where enough land is not available. Government, neighbourhood and developer also get benefitted by redevelopment along with user. Basic needs of users like parking area, society security, garden area, lift etc. are fulfilled by redevelopment and standards of life also get improved. All these benefits necessitate the study of redevelopment. Keywords: Redevelopment, Decentralization problems. 1. INTRODUCTION Redevelopment is the best option for rise to real estate industry and agriculture industry, specifically in big cities. Redevelopment istheprocessofdevelopingsomethingagain or differently. It is the process of demolishing existing old society building and reconstructing it by appointing a good developer who can construct and handover new flats to the society members free of cost with some additional benefits and make profit by utilizing balance plot potential by constructing additional flats and shops. Redevelopment makes remarkable place in real estate industry as reasonable solution is only made by redevelopment. 2. STUDY AREA Ahmedabad is the largest city inGujaratandSabarmatiRiver divides Ahmedabad in Eastern and Western regions. The eastern river bank comprises the old city including central town of Bhadra and pol system of closely clustered buildings and packed bazaars. The western part of city comprises shopping malls, movie theatres, educational institutions and modern infrastructures on roads such as C.G.Road , S.G.Highway, Ashram road. More than 120 projects are under construction in Ahmedabad city, which includes commercials, residential, industrial, institutes and other forms of construction projects. In consideration of physical urbangrowthwhichisoccurring around the city-Ahmedabad, city is rapidly growing. Residential and commercial projects are main constitutes of under construction project. Ahmedabad has become an important hub of industry and economy in India and has been selected as one of the Indian cities to be developed as a smart city under government of India flagship smart cities mission. Old Ahmedabad city named as India’s first UNESCO World Heritage City. In Ahmedabad city, more than 50 projects are under redevelopment and co-operative societies planning for redeveloping are more than 80. Residential buildings are more preferred for redevelopment than commercial buildings. MAP OF GUJARAT
- 2. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 09 Issue: 05 | May 2022 www.irjet.net p-ISSN: 2395-0072 © 2022, IRJET | Impact Factor value: 7.529 | ISO 9001:2008 Certified Journal | Page 478 MAP OF AHMEDABAD 3. REDEVELOPMENT RULES AND REGULATIONS To accept redevelopment, it is necessary to understand process, rule, regulation and issues. Rules are: Society is given offer letter Terms and conditions with the society Society Agreement In favors of the society, Sanction from Municipal Corporation Loading of Transfer of development rights in the society's name Obtaining the Intimation of disapproval Members’ shifting Demolition of the building Obtaining the Completion certificate New building construction Obtaining the Occupancy certificate Shifting the old members 4. REDEVELOPMENT PROCESS Redevelopment process is necessity to understand for stakeholders and developers. So that is making redevelop process easy and increase transparency. It includes, • Carrying out structural audit. • Preparation of financial feasibility report • Preparation of tender to invite offers from developers • Preparation of comparative chart of developers • Finalization of building plans • Vacating the building after the builder obtains the necessary permission • Demolition and occupation of building A civil engineer is required to cross check R.C.C. drawings of proposed building andcheck onsitequality. Table 1: Cost model of redevelopment Name of developer Samyaktva developer Site address Samyak arise apartment, opposite Bahma Kumaris,Navrangpura,Ahmedabad Present status Under Construction Year of building 1958 1 Area Details Before Redevelopment After Redevelopment Plot area 732 m2 732 m2 Construction Area 1251 m2 2751m2 Parking area 510 m2 1300 m2 Common Plot N/A N/A Market Value 5,31,00,000 17,50,00,000
- 3. International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 09 Issue: 05 | May 2022 www.irjet.net p-ISSN: 2395-0072 © 2022, IRJET | Impact Factor value: 7.529 | ISO 9001:2008 Certified Journal | Page 479 2 Unit Detail Total num of unit 6 nos 14 nos Room Detail 2 BHK 4 BHK Extra Amenities Nothing 2 lifts,Security cabin,terrace Market Value 88,50,000 1,28,00,000 5. ISSUES HAVING WITH OLD RESIDENTIAL BUILDINGS •Technical issues •Maintenance issues •Regulation issues •Social issues 6. CONCLUSION In this thesis, cost model data collection of redevelopments is done by help of data which is helpful for developers who are interested in redevelopment. Redevelopment helps in selection of project which gives more profit than other projects developed on virgin land. It makes easier to certify project having low investment, low risk with high return. ACKNOWLEDGEMENT I am expressing appreciation and deep gratitude to all the persons who supported and guided me during this project, most importantly to my guide Mrs. Krupa Dave for her throughout guidance, encouragement and fruitful advice. I am thankful to all the persons who contributed and supported during my entire thesis work. REFERENCES 1.Wikipedia article on “urbanisation of India” dated 27 september 2018. 2.Economic growth and pattern of urbanization in Gujarat, Author- Dr.Bhavini Pandya Madhu Kant Patel dated on April 2013. 3. Article in India Brand Equity Foundation dated on September 2018.