• Raj D. Vachheta
• Mehul J. Shah
• Jayeshkumar R. Pitroda

In most cities of developing countries, old buildings always tend to undergo redevelopment. Such as buildings which are in dilapidated condition or uneconomic to repair or tenants are in a need of more usable floor area. Because of various constraints and considerations, this process of projects of building redevelopment is quite complex. If a proper and time bound process is not followed, or if the risks, uncertainties and challenges are not handled properly, even a seemingly simple project can fail, thereby causing great anguish and hardship to the stakeholders. Sometimes this may lead to prolonged litigation. The risk associated with these type of projects have multi criteria so needs to identify by the Multi criteria Decision Making (MCDM) methods. The major risk concern in the redevelopment projects are Planning risk, Construction risk & legal risk etc. In this paper the identification of risks in the redevelopment project are stated and prioritizing of the risk based on it’s impact through a questionnaire survey is given. Total 49 nos. of Criterias were identified which are associated with the redevelopment projects on both stakeholder. The criteria divided into the 5 major groups. These criteria are analyzed by Analytic Hierarchy Process (AHP) & Technique for Order Preference by Similarity to Ideal Solution (TOPSIS).

Redevelopment projects, Risk in redevelopment projects, Analytic Hierarchy Process (AHP), Technique for Order Preference by Similarity to Ideal Solution (TOPSIS)

"Prioritizing the Risk based on its impact for Redevelopment projects using AHP & TOPSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 6, page no.1294-1302, June 2020, Available :http://www.jetir.org/papers/JETIR2006521.pdf

"Prioritizing the Risk based on its impact for Redevelopment projects using AHP & TOPSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 6, page no. pp1294-1302, June 2020, Available at : http://www.jetir.org/papers/JETIR2006521.pdf