I have asked this question in other discussions but could not get satisfactory answer: What happens when a flat reaches end of life?

Each building has a life. Even best construction may not last beyond 50 years. A 10 acre plot might have 1000 flats. These flats are registered individually. Who owns the land?

After 50 years who will construct the building again? Is there anything mentioned in buyer-builder agreement?
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  • I think I read a discussion on it somewhere else in this forum only. after some time has passed after possession, RWA owns the building complex common facilities. if a building becomes old it will be redeveloped by some developer who will include some extra flats to cover his costs, but every resident of society will have to agree on this. this is what is currently happening in mumbai, old chals and societies are being redeveloped in high rise flats.
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  • Originally Posted by alokgarg
    I think I read a discussion on it somewhere else in this forum only. after some time has passed after possession, RWA owns the building complex common facilities. if a building becomes old it will be redeveloped by some developer who will include some extra flats to cover his costs, but every resident of society will have to agree on this. this is what is currently happening in mumbai, old chals and societies are being redeveloped in high rise flats.


    In 50 years the value of your land will be 20 times and FAR will be atleast 7-8 (from 2.75 now) and as mentioned by alok - it will be redeveloped by some developer and eveyone living will make a handsome profit.
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