- A new building will have a life minimum of 60 years
- You get an additional area at no extra cost and that means a bigger house for the family
- You get modern amenities and facilities such as a fitness centre, swimming pool, banquet halls, a library, etc. where ever possible
- In a few cases, people actually become the legal owner of the house as against being tenants etc.
- Value of the property increases exponentially
- Feasibility of the plot for the builder to redevelop
- Getting the consent of all the members/tenants, making sure they get their temporary rehabilitation and then bringing them back to their home – It is a serious process!
- Approvals and permissions from different government agencies