Current Redevelopment Projects

» Panchshil Punit Apartment OPP. Goodluck Society, Daxini Society, Maninagar, Ahmedabad
» Panchshil Nihir Apartment Near Satva Flat & Dhanvantri Garden, Paldi, Ahmedabad
» Panchshil Sundaram Flat: Residential Opp. Seventh-Day High School, Maniyasa Road, Maninagar, Ahmedabad

Completed Redevelopment Projects

» Masuri Park: Residential (2012) Shanti nagar,usmanpura, Ahmedabad
[First redevelopment project of ahmedabad,Gujarat successfully completed]
» Dev Appartment: Residential (2016) Commerce Six Roads, Ahmedabad
» Shivalaya Residency (2017) Bhulabhai Cross Road, Ahmedabad
» Panchshil Aagam (2020) Deepkunj Society, Bhagavan Nagar no Tekaro, Paldi, Ahmedabad
» Mohan Morari Flat: Residential (2021) Opp. Dharmarashik Vatika Derasar, Nr. Ekta Tower, Vasna, Ahmedabad

Upcoming Redeveloment Projects

» Panchshil Pooja Flat Gulbai Tekra, Ambawadi, Ahmedabad
» Panchshil Kiran Flat Near Shahibaug Under Bridge, Shahibaug, Ahmedabad
» Amarakunj: Residential Near Sterling Hospital ,Gurukul, Ahmedabad

Benefits of Redevelopment, to Developers and Tenants

Builders / developers, who opt to purchase land and develop the same, incur huge stamp duty cost, vis-à-vis transfer of the land. However, when it comes to redevelopment of old buildings. the stamp duty is reduced by a significant extent and this acts as a major benefit for developers.

Tenants too get several benefits like hassle-free execution, extra carpet area, corpus fund, upmarket amenities and hi-tech gadgets such as cctv’s, intercom / video door phone systems, smoke detectors, fire fighting alarm systems, borewell with rain water harvesting system, high end elevators, society office if permissible, earthquake resistant and well planned apartments and alternate accommodation or rent compensation. for the period during which the building is under construction.

Most importantly, there is a substantial increase in the flat’s value and low maintenance costs post redevelopment. If any of the family,members require additional area in the same redeveloped building, it can be achieved by purchasing it from the developer and hence would enable the family to live in together.

Redeveloped building can with stand with the new climatic and geographic conditions and is constructed with latest safety measures.

The Need for Redevelopment, In Ahmedabad

There is huge potential for redevelopment, in Ahmedabad, due to the constraints on land availability with the mismatch between demand and supply of housing stock. On the other hand, there are thousands of ageing buildings where it may not be viable to carry out structural repairs The only solution is to pull them down and reconstruct them. The problem of dilapidated buildings in the city of Ahmedabad is becoming more acute, with each passing year. Consequently, for a majority of the cities in India,redevelopment of old buildings becomes crucial.

With the mid-income segment today becoming a huge purchasing market, developers are moving towards redeveloping older structures into modern luxurious buildings with facilities like sufficient parking, opon areas. In the ultimate analysis, complete and timely delivery seems to be the most crucial factor, when it comes to redevelopment.

What is Redevelopment?

Redevelopment 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 as per approval from concerned authority.

We consider HUMAN has life of 100 years, the same way building has life of 50 years, and after 25 years building needs more and more repairing as new plaster, new pipelines for water, waste & drainage systems, water proofing in terrace etc.

In some countries, builder gives demolition date in advance at the time of possession of new building. So in this time you have to think over this concept.

Points Old Flat Redevelopment Offer Remarks
Structure Very Old Safe & sound quality controlled R.C.C. frame structure with best material components. Earthquke resistant design as per IS 1893 & IS 4326 criteria Safe structure for next generation also
Elevation Old Contemporany artistic design Premium Lifestyle home
Security No Intercom Facility Safer life
Water Supply Not Sufficient New tube well for 24hours water supply Hassle free life
Flooring Old 2×2 vitrified title flooring having grater strength in almost entire area, designer tile concept up to lintel level in bathroom & kitchen Easily maintainable & dust free environment
Plumbing Old Good quality designer sanitaryware for spotless and sparking toilets, corrosion free and leak proof CVPC/UPVC pipe fitting Maintainable Free
Parking Not Sufficient Ample Parking Space A unique feature in your life
Lift No Safe and smooth modern lifts having sifficient capacity Most necessary for every one, specially aged & ladies
Entrance Foyer No Artistic entrance foyer with post box and name plates Creative classic home, which you deserve
AMC/AEC & Legal Charges Not applicable but if you purchase new flat, it will be applicable ranging from 3 lacs to 7 lacs & more Not a single rupee new flat without any extra cost
Anti termite treatment No Professionally done anti termite treatment Longer life of your precious furniture & fixtures