'Weigh in pros and cons if builder revises redvpt proposal'

Q. Our society recently finalised a developer for redevelopment of our standalone building.

- 

The proposal was approved by the general body, however, the developer later expressed the intent to undertake cluster development. Our managing committee has sent us a consent form to be submitted in a week, accepting the new proposal. How will it impact our interests?

Gitesh Shah, Parel

A. A general body is the final authority to approve any proposal. As the developer is making changes in the approved proposal, it is necessary that any amendments need to be brought before the general body. The managing committee is required to call a special general body meeting in which the revised terms and conditions should be placed for reconsideration.

The committee should inform the members the advantages and disadvantages, if any, in going ahead with the revised terms. Taking signatures of the members on the consent form without holding the general body meeting will not be sufficient. When the developer chooses cluster development, there are certain benefits that he gets in terms of the floor space index. You may consider asking the developer to share the additional benefits with the members.