{
  "id": 1432863,
  "title": "ET Wealth | How to protect your home, money",
  "url": "https://urgent.news/2026/08/17/et-wealth-how-to-protect-your-home-money",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-17T01:00:00.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/wealth/plan/ageing-housing-societies-how-homeowners-can-avoid-losing-their-homes-and-money-to-redevelopment-delays/articleshow/133249837.cms"
  },
  "original_language": "en",
  "account": "In 2010, two Mumbai housing societies initiated redevelopment projects simultaneously. Jeevan Nagar Cooperative Housing Society in Mulund, a community of 27 tenements housing over 270 families, underwent a transformation. Promised brand new towers with 50% higher carpet area and a clubhouse within four years, the project faced mismanagement and delays. For three years, approvals stalled, work began in 2013 but halted due to a cash crunch, and residents vacated the unsafe premises. Despite a RERA complaint, the site remains unfinished, leaving a third of the work completed. Former resident Sai Prakash, who inherited his ancestral home, now rents it out.\n\nJuhu Anamika Housing Society in Juhu also faced a similar situation. The 2010 demolition of their building, with promises of homes in a 16-storey tower within 37 months, led to stalling work and rent stoppage after the builder sought termination. The Covid pandemic and installation of a new radar station further complicated matters. Despite the builder offering a higher carpet area, residents remained uncertain about their future.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}