Redevelopment builders are ASSET STRIPPERS. To grab your land, they destroy your Housing Society

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The innocent flat-owners of cooperative housing societies where redevelopment is proposed, believe that the builder is their friend, well-wisher and messiah. They believe that he is there to save them from their aged or dilapidated building. They also believe that the builder is giving them adequate security by loading TDR (Transfer of Development Rights) in the name of their society. They fail to understand the true intentions of the builder, to capture their society and grab the land, while giving them minimum or no security, performance guarantees, etc. The builder actively threatens their financial well-being, with the cooperation of their elected managing committee.

#Redevelopment #cooperativesociety #realestate #legalliteracy #financialliteracy #advice #construction

Safeguarding Your Society: Insights into Asset Strippers and Real Estate Developers 🏡💼

1/10 📉 What Are Asset Strippers? Asset strippers are entities that take over companies to dismantle and sell their assets for profit. They focus on liquidating assets rather than running the company. #AssetStrippers #CorporateTakeover

2/10 🔄 How They Operate: They often use hostile takeovers to acquire companies and then sell off buildings, machinery, and intellectual property to maximize profit. Their goal is profit, not the company’s longevity. #BusinessStrategy

3/10 🏢 Modern Developers: Today's real estate developers might seem like saviors, promising upgrades and new amenities. However, their real aim can be to exploit communities for land deals. #RealEstate #DeveloperTactics

4/10 🏘️ Creating Pressures: Developers might engineer situations to make it difficult for societies to resist redevelopment. They exploit residents’ lack of financial and legal knowledge to push through deals. #CommunityImpact

5/10 🔍 Assessing Your Land’s Value: Always hire a professional surveyor or project management consultant to get an accurate valuation of your property. Know how location, market conditions, and development potential affect value. #LandValuation

6/10 💼 Evaluate Proposals Carefully: Avoid barter deals and ensure all agreements are clear and financially sound. Insist on fair pricing and transparent terms if approached by developers. #RealEstateDeals

7/10 🚚 Prepare for Relocation: Redevelopment might require relocating. Plan for this possibility by exploring housing options and preparing for the transition. #RelocationPlanning

8/10 🤝 Engage Politically: Form alliances with community members and local political figures to strengthen your negotiating position. Keep open lines of communication with everyone involved. #CommunityAction #LocalPolitics

9/10 💔 Be Objective: Avoid emotional attachments to property that might cloud your judgment. Make decisions based on practical considerations and long-term benefits for the community. #PropertyDecisions

10/10 📢 Stay Informed & United: A well-informed and united community is best equipped to handle aggressive development practices. Ensure any changes benefit everyone involved. #CommunityStrength #SmartDevelopment