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Redevelopment scheme in Mumbai is essential as it provides the improvised residential to the inhabitants of the housing society. At global level, wherever city is crowded with huge population then it creates burden of land on economy as it is not possible to equip such population in scarce land. Countries like Japan and some European countries faced this problem. As India rank 2nd in the world for the huge population but the land for survival is very small. Density of population per sq.ft. is very high in Mumbai, this high pressure is on the residential land of Mumbai city and suburban. Old aged buildings, dilapidated condition and trespassers who have acquired land illegally in the city are the disadvantages to the residents of housingsociety in Mumbai suburban. The researcher has made it possible to find solution which will be of help not only to Developers, Inhabitants, Legal agencies, Government for making rules and regulations.
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Dr. Vaibhav R. Ashar is Head of the Department of Finance at KES Shroff College of Arts and Commerce Kandivali west Mumbai has experience of more than 15 years and been a flag bearer of financial literacy and making students learn on the avenues of finance through proper and correct financial planning.
