From Daulat Baugh To Satguru Shlok

Today when I see kids playing in the small compound, embraced on all sides with kitchen windows, I am reminded of all the good ole days.

I am kind of feeling sad that my building in which I have lived for last thirty years is breathing its last days. I came to this building when I was a teenager and I have some wonderful memories in this building.

It is important to be aware of what is happening around us. we must pay attention to every detail and every discussion that is to take place with the builder. Right now we are the owners of our house, but during redevelopment we have to safeguard our interest. Therefore it is imperative that society members should tread cautiously and firmly in matters of drafting part of the redevelopment agreement (RDA), especially since after signing such an agreement, residents have to vacate the premises and hardly have any control over the project.

The ball is rolling and there are serious discussions now. We voted and selected Satgurus. Yesterday seven members of our society went to talk to Satgurus builder to get the best proposal. The members who went were Mrs Arora, Mr Chainani, Mr Malhota, Mr. Balwani, Mr Punjabi, Mr Thakur, and Mr Amarnani. He has promised to give high class quality building and will send in the details of his proposal in writing within fifteen days. Some of their ongoing projects under Satgurus can be found HERE The letter of consent has already been given to him. Society has enough money to hire their own professional helpers that will include accountants, advocates, and other guidance for checking the materials that will be used by them during construction. It will take around six months to prepare the paper work and all other formalities before we move out. Now we wait in anticipation.

Democratic Voting for the builder Today, the meeting was held in Daulat Baugh office. We had lots of discussions on four builders who had approached us, Kamala, Wadwa, Satgurus, and Supreme. Kamaka’s proposal is very lucrative money wise and is very much tempting with all the amenities that they are offering: park, swimming pool, jogging area, gym etc Satguru’s construction is very classic and he has quality, It is believed that they make very good buildings with best materials that they use, although their monetary offer was the lowest. Wadwa proposal is good too and their financial status in the market is quite stable Supreme construction is good too and we have a ready example building opposite our building. To maintain the transparency, at 12noon we had democratic voting, where each one was given a slip of paper and they had to vote for one builder only. And it was decided that the final decision would be taken on the voting of all those who were present at the meeting.

called Om Sadan, is the beautiful looking building by Supreme builders. I spoke to one of the members who said that an apartment in the building costed her around four crores. Initially there was three story building which now has nine floors. There is one appartment per floor. After giving apartments to the present owners per floor, the rest of the apartments were sold off at market price. Anyways, what that person told me is that she bought the house in four crores and after one year of its occupancy, she has an offer of seven crores. She is planning to sell off and go look for another house and invest the money for comfort. whoop! three crores profit in just one year!!! something to think about.... good enought reason to go for redevelopment. even if you decide to stay in the new apartment for a year and then decide to sell, you still make a good profit Now tell me, in which bank will you make a profit of three crores in just one year??? shouldn't we go for redeve

I know its summer holidays when I hear the children playing down in the compound. Daulat Baugh had always been a playground for all the kids of the 36th Lane. I have beautiful memories of my childhood in this building and I would never want to go and live elsewhere But now it is 50 years old and it is in a very bad shape. My heart bleeds. We need to decide fast, want renovation or go for redevelopment. Renovation will cost lotsa money, and I am not willing to invest in the building where the renovation might last only for next 5 years and the we will be to back to square one. I am all for redevelopment, for a very special reason that I am not getting younger and find it difficult to climb two stories. Redevelopment means a shiny building with 2 lifts, a modular kitchen and bathroom with touch of class plus extra space of 33 percent. I think it is a good bargain for everybody in the building. A new building will also upgrade the value of the house, since it is in a prime location.