Builders benefit from redevelopment as it significantly reduces stamp duty costs compared to purchasing land. Tenants enjoy hassle-free execution, extra carpet area, modern amenities like CCTV, video door phones, fire alarms, rainwater harvesting, and high-end elevators. They also receive alternate accommodation or rent compensation during construction. Post-redevelopment, property value increases, and maintenance costs reduce. Families can buy additional space in the same building, allowing them to stay together. New buildings are designed to withstand modern climatic and geographic conditions with the latest safety measures.