From Daulat Baugh To Satguru Shlok

"Old housing societies hope to cash in on realty boom "More than 15 housing society redevelopment proposals, mainly in the suburbs, have come up in the past 3 weeks, and the sudden flurry, said a market source , is because residents want to take advantage of the current high property prices. " They do not want to miss the boat once again like they did before the crash in 2008. Housing societies feel this is the right time to redevelop their properties. Certainly, they are in a position in which they can dictate terms to the builders," said a source, who tracks redevelopment propasals in the city." The article mentions societies in Mulund(E), Jogeshwari(W), Kurla(E),Malad(W),Andheri(W),Ghatkopar(E),Borivali(W), Santa Cruz(W), Khar and Bandra who have recently invited proposals and our very own Doulat Baugh has been mentioned!! The term 'redevelopment race' has been rightly used and I ,for one, hope that our society wins this race.... with the bes...

As of now, the process that we had gone through earlier to reach and select Satguru builders has been nullified. The society decided to go the legal way since some of the members were being irrational in their demands and society did not want any obstructions. So the process of planning for redevelopment had to start all over. Society now had its own advocate Mr Shetty, who will advice at every step and also has its own project manager Mr.Shinde, the architect. That done, society then inserted an ad in two local papers, (according to the law) in Hindusthan times and Free Press, inviting the developers to obtain a bid for redevelopment. They are expected to present their project and the feasibility report of the PMC, with a non refundable fee of Rs10,000 by cash or DD favoring the society. There was a good response and there were 16 developers who submitted their proposal in sealed envelops which will be opened in the presence of all society member during the next meeting. F...