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Tag: Cooperatives

Redevelopment Greed is making societies neglect maintenance & repair

Unpainted and unplastered buildings -- on the rise

Since redevelopment started in 1991 about two decades ago, and builders could augment the FSI (Floor Space Index) of the land by purchasing TDR (Transfer of Development Rights), cooperative housing societies started neglecting their structures. Seduced by builders who promise larger houses and new buildings, building societies have been keen to steamroll opposition to their …