Summary:
A Bandra-based society has decided to redevelop their building by themselves rather than through the developer. The premium, according to Vaidya, comes to Rs 37 crore which has to be paid to MHADA, but will be paid by the society. According to Vaidya, the society, aims of constructing a building that will be able to compete with top developers in the nearby location. Initially, when the residents of Samadhan society got a developer, he said the nearly Rs 37 crore premium to be paid to MHADA was too large an amount for him. Bhalchandra Devadiga, secretary of the society said that a developer wouldn't have been able to offer..