Speaking about the initiative, Vishal Gokhale, Chairman and Managing Director of Gokhale Constructions said, “Experience gained from the successful redevelopment of over 175 societies has gone into creating the service model of ‘RISE’. This long experience has helped us to understand the requirements of the self-development process accurately. ‘RISE’ is the first initiative by any leading real estate developer, which enables the society members to earn the profits generated from the sale of additional flats which get created as a result of re-development of old buildings.“

“RISE will not only give bigger homes, and ultramodern facilities but will also allow earning profits. Gokhale Constructions will charge a fixed fee to the society, apartment, or bungalow and will provide the required services under the ‘RISE’ initiative including checking the technical and financial feasibility of re-development, obtaining the necessary permissions, and completing the top-quality construction in the set timeline”, he added.

Gokhale Constructions will be the guarantor while helping the societies raise the funds required for self-development. The required funds will be borrowed from the banks or authorized financial institutions. This is one of the most important highlights of the RISE initiative.

A special committee of experts has been formed to facilitate these services being provided under RISE. The committee includes Architect Manoj Tatuskar and Architect Vikas Achalkar of A&T Consultants, Abhijit Kenjale, Adv Udaykumar Kulkarni, Adv. Shripad Khurjekar, Parag Chopra- Pune District Co-operative Housing Society, and Suhas Patwardhan-President of Apartment Federation.

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