{
  "id": 8020973,
  "title": "Residents fail to stop redevelopment over less area",
  "url": "https://urgent.news/2026/09/17/residents-fail-to-stop-redevelopment-over-less-area",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-17T11:49:20.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/wealth/legal/will/dissenting-housing-society-members-challenge-redevelopment-plan-citing-10-less-area-but-lose-the-case-in-maharashtra-co-operate-appellate-court-for-this-reason/articleshow/134309960.cms"
  },
  "original_language": "en",
  "account": "Two residents of a housing society in Chembur, Mumbai, Mrs Viswanath and Mr Kalpathi, attempted to stop their society's redevelopment plan over a concern regarding the less space and financial capacity of the appointed builder. They claimed that other builders were offering more square footage and better terms, with potential benefits of Rs 25 lakh to Rs 30 lakh for each member. Despite this, the society decided to proceed with the current plan, appointing a builder who offered 10% less area and failed to meet certain conditions such as signing a permanent alternate accommodation agreement, providing a 20% bank guarantee, or PMC approval. The housing society argued that the redevelopment plan was passed with a majority approval of 15 out of 17 members, and Viswanath and Kalpathi lost their case in the Maharashtra Co-operative Appellate Court on September 4, 2026. The court ruled that majority consent outweighed the dissent, as the majority had already approved the project. The court also noted that a 20% bank guarantee is merely a recommendation and not mandatory. The residents had lost the case, but they could still file additional evidence in the ongoing trial court case.",
  "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."
}