Money spent on home renovation wasted if property is redeveloped

In many metro cities, buildings which are more than 50 years old are being redeveloped.
The process of redevelopment is time consuming, it will often take several months or years.
There is no certainty regarding when the builder will complete the construction
Since many people are looking at the condition of the house, some people spend a lot of money on home renovation
Some families spend more than Rs 15 lakh on home renovation.
These families are upset when redevelopment is announced, since they will have to vacate the house.

Author: admin