As the city of Mumbai embraces the future, its old creaky buildings are being replaced by new swanky towers. Redevelopment is a sort of a magic wand that is completely changing the cityscape. Redevelopment basically refers to the process of reconstruction of the residential/commercial premises by demolition of the existing structure and construction of a new structure. This process entails the use of the land by exploiting additional TDR, FSI as specified under the Development Control Regulations of Municipal Corporation of Greater Mumbai (MCGM). Redevelopment has been envisaged to rejuvenate Mumbai which is facing tremendous land shortage.

Over the past few years, as redevelopment gathers pace, PCPL is emerging on the horizon as a leading player in that space. In fact, PCPL is laboring towards becoming one of the pioneers in this space and has a rich experience in handling redevelopment projects of private societies. With scores of projects undertaken and many more in the pipeline, PCPL is an active participant in changing the skyline of the city, today and in the days to come.

Variations on redevelopment include:
Urban infill on vacant parcels that have no existing activity but were previously developed, such as the redevelopment of an industrial site into a mixed-use development.
Constructing with a denser land usage, such as the redevelopment of a block of townhouses into a large apartment building.
Adaptive reuse, where older structures which have outlive their uses are converted into new ones.

Advantages Of Redevelopment
The end product of Redevelopment is a new building with no maintenance for long term.
Redevelopment benefits members in terms of money, additional area and other related benefits.
The new construction norms make the building a better habitable space which can withstand present climatic and geographical conditions.