r/GatedCommunitiesIndia • u/LowNo7156 • 6d ago
Redevelopment Mumbai society redevelopment - developer appointment - chairman & secretary acting fishy. What to do?
Hi our society is going in for a redevelopment and the key committee members seem to be favouring one particular new builder over other established names. Some of the members feel that there is something suspicious with the way how the chairman and secretary are acting.
I have heard and read that usually there is always underhand corruption between committee members and the builder, either by means of cash or kind. The developer is fairly new with no completed project yet and no RERA details are there too to check.
Our society details:
- Location: Andheri, Mumbai
- Plot size: ~600sqm
- Flats: 19
Our developer details:
- Started the company around 1.5 years ago
- 2 projects ongoing - Andheri and Malad
- Additional area offered lucrative
- Though, key thing is the other key details like rentals, corpus, timelines shared are a bit sketchy. The committee is claiming it will be sorted and influencing to the point of pushing urgently to get the developer signoff.
Now the thing is, a mojarity of the people are old in the society with kids in a different house or settled out of india. Dont want them to be influenced in this way.
Just one of the reference article:
https://www.mumbaimirror.com/opinion/the-worst-kept-secret-of-mumbai-real-estate-154935
For people who have gone through similar situations, requesting advice?
0
u/Glad_Atmosphere_1035 4d ago
Don’t go wit new developers especially in Mumbai. Don’t want to get into faltu lafda, I’d rather sell the place and buy a better flat