In a groundbreaking move, Redevelopment Bazaar is set to revolutionize the way housing societies harness energy. In response to the growing demand from housing societies to launch the Solar Rooftop Housing Scheme before the Maharashtra Development Abhiyaan, we are launching our Solar Energy Division this Wednesday, 6 August 2025. This initiative was announced by Ravi Alat, CEO of Redevelopment Bazaar, as part of the company’s commitment to promoting sustainable and efficient energy solutions. Notably, Redevelopment Bazaar is the only company offering free solar installation for housing societies.
According to Ravi Alat, many small housing societies struggle to bear the costs of installing solar panels, which can range from ₹40-50 lakhs. “This scheme will be very useful for such societies, as they won’t have to bear any upfront costs,” he said. “We have developed a Power Purchase Agreement (PPA) model specifically for housing societies, which will enable them to adopt solar energy without any financial burden. Moreover, Redevelopment Bazaar will cover the installation panel charges, making it a hassle-free experience for our clients.”
Key Highlights:
– Solar Housing Scheme: The scheme will operate on a Power Purchase Agreement (PPA) model, ensuring no upfront costs for housing societies. Under the PPA model, Redevelopment Bazaar will own and maintain the solar panel system, and housing societies will purchase the electricity generated at a predetermined rate.
– Free Solar Installation: Redevelopment Bazaar will cover the costs of installing solar panels, estimated to be around ₹40-50 lakhs per society for a 50-100 kW system.
– First Come, First Served Basis: The first 200 housing societies from Mumbai, Pune, Thane, and Navi Mumbai will be eligible to participate in this initiative.
– Sustainable Energy Solution: The solar energy division aims to reduce the carbon footprint of housing societies while providing a reliable and efficient energy solution.
Benefits for Housing Societies:
– No upfront costs: No initial investment required for housing societies.
– Reduced energy bills: Housing societies can enjoy lower energy bills thanks to the solar energy system. They will pay a predetermined rate for the electricity generated, which will be lesser than their current electricity bills for the next 10 years.
– Sustainable energy solution: A reliable and efficient energy solution that reduces carbon footprint.
– Zero-cost ownership: After 10 years, the solar panel system will be transferred to the housing societies at zero cost, making it a free asset for them.
Get in Touch:
Don’t wait! Register now on the Redevelopment Bazaar portal at Rooftop Solar Housing Scheme and take the first step towards a greener tomorrow. Email us at enquiry@redevelopmentbazaar.com for more information. www.redevelopmentbazaar.com
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