New Delhi, Sept. 16 -- Redevelopment can offer residents of an ageing housing society an opportunity to move into a modern building without having to bear the full cost of constructing a new home themselves. A redevelopment project may promise larger homes, better lifts, parking facilities and improved amenities.

However, there is also a significant transition period. Residents generally have to vacate their existing flats before demolition and remain in temporary accommodation until the new building is ready. If the project is delayed, the inconvenience and financial burden can continue for months or even years beyond the original schedule.

This makes it important for residents to complete their due diligence and secure adequate safegu...