The Buildings that are Cultural, National or Religious Heritage, are always priceless, these should not be neglected and these must be taken care of very well, like a Treasure.
However, there are millions of ordinary Residential / Commercial Buildings exist in different countries that have become very old, these are in critical conditions and contain a lot of risk. Sometimes we hear some very sad news about the collapse of these poor buildings with a loss of precious assets, most particularly the Human Lives.
Resolution of the issue is very apparent that these old buildings should be demolished and new buildings should be constructed. This solution could be feasible for National Properties or Single Owner Properties or Small Group of Owners Properties but this remedy can never be applied with so many ownerships like Residential Flats and Commercial Buildings etc.
To resolve this issue, I have an Idea that is according to my knowledge, is very unique one and never implemented anywhere in the World.
Interested Governments OR Local / Foreign Investors / Builders / Contractors OR any other Authorized Bodies can invest into it and can earn Substantial Profits, in shape of Sale / Rent of newly constructed Flats / Commercial Offices after demolishing of the old constructions. Now the question is: Will the existing residents / owners, be agreed? And How?
All existing residents / owners must be treated very ethically and fairly, by providing them different beneficial offers according to their needs and wishes. For example, if ‘A’ type of owners want to sale their unit (flat / office) immediately, so they will. For example, if ‘B’ type of owners don’t want to sale their unit so a more lucrative offers will have to be given to them. For example, if ‘C’ type of owners want to upgrade their unit and want to buy a unit in newly constructed building, after committing / paying the additional cost, so they will. After completion / signing of Agreements, building will have to be evacuated for demolishing and constructions of new building. Two additional major expenses can be incurred like demolishing of old building and amounts paid, on the purchase of units from the existing residents. Further, sum of total amounts paid on the purchase of old units can also exceed the present market value of the whole plot but all these additional costs can very easily be covered through construction of additional units on additional floors. You can go for twice or more than that, for example if the old building was 5-storey so the new one can be 10-storey or higher; it totally depends upon the size of your projected investment and the permission, you would acquire from the Local Building Controlling Authority for the additional floors.
If the above idea is further analyzed by the concerned, all over the World and it is implemented, so it can very easily kill the Un-Employment and this idea can also bring a Revolution in the numerous industries like Construction, Property (Sale / Rent), Cement & Marbles, Iron & Steel, Electricity Cable and etc.
REBUILD TODAY TO BE PROSPEROUS TOMORROW………………..