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PINUI BINUI
Pinui Binui projects are intended to upgrade old or neglected urban areas to modern, well-maintained and advanced residential areas, with the aim of improving the quality of housing and quality of life of the residents, along with optimal utilization of land while maintaining green space in the city centers. In the Pinui Binui project, the tenants of the selected area voluntarily vacate in favor of the temporary alternative housing, which the developers finance. The old buildings are demolished and in place modern buildings are built. Tenants receive newer and larger apartments with rich technical specifications, including elevators, security rooms, storage rooms, private parking spaces, service rooms and more.
In the areas declared as construction evacuation complexes, building rights and taxation benefits are provided to tenants which encourage the departure o the joint venture between the developer and tenants.
Pinui Binui: How to Get it Just Right
Renewal doesn’t always have to mean giving up the old, familiar, and comfortable… sometimes it can mean taking the old place you love and turning into something even better, more comfortable, more up to date, and worth a lot more. We are happy to partner with you to make your renewal project easy, pleasant, efficient, and altogether a quality experience, with one company that will take you from start to finish, all the way home.
Among Our Projects
What is our winning combination?
The power of our partnership comes from the experience and achievements that each company brings to the mix. And that’s what enables us to take you from start to finish, all the way home.
1. Meeting with the residents to determine the best plan for them and to present the whole process to them in detail, with full transparency
2. Signing an agreement with the developer, at no cost to the residents, and assigning a personal representative from the company to oversee the project from start to finish.
3. Advancing the urban building scheme and obtaining a building permit from the relevant authorities. Securing bank funding and issuing guarantees in compliance with the Chok Hamecher (Sale Law).
4. Implementation of the plan – demolition of the old building, and construction of a new, modern building in its place. A skilled, professional team will manage and supervise implementation, from the residents’ temporary housing up until the final stroke of paint on the walls.
5. Your new home – more spacious, newer and more beautiful, in a new building, just the way you wanted. Welcome home!
6. Inspection of your apartment under actual living conditions, during the first year after you take ownership, to ensure that everything meets proper legal standards.
2. Signing an agreement with the developer, at no cost to the residents, and assigning a personal representative from the company to oversee the project from start to finish.
4. Implementation of the plan – demolition of the old building, and construction of a new, modern building in its place. A skilled, professional team will manage and supervise implementation, from the residents’ temporary housing up until the final stroke of paint on the walls.
6. Inspection of your apartment under actual living conditions, during the first year after you take ownership, to ensure that everything meets proper legal standards.
TIMELINE FOR A STANDARD PROJECT
Total planning and paperwork stage, 3.5 to 5 years
Total time for the entire project, 6 to 8 years
signature by required majority of residents
on power of attorney
authorization of
building plan
public notice of committee’s decision
obtaining
building permit
actual
construction
So who exactly is the Rothstein Company?
Rotshtein is a publicly-traded company with many years of experience in real estate, infrastructure, and the building industry. It is outstanding in its advanced technological capabilities, its financial robustness, and its managerial vision. These qualities enable the company to execute the most complex projects in Israel with great success. Rotshtein has built, or is in various stages of building, thousands of housing units in residential real estate projects throughout Israel: Kiryat HaSharon in Netanya, Har Chomah in Jerusalem, Be’er Yaakov, Ramat Gan, Modiin, Ramat Beit Shemesh, Rishon LeTzion, Lod, Kadimah-Tzoren, Ohr Akiva, Kiryat Malachi, and more. In addition, the Rotshtein company is actively involved in urban renewal and is currently advancing a number of demolition and construction projects at various stages in Ramat Gan, Bat Yam, Ramat HaSharon, Tel Aviv, and more.
Profitability Calculator
an interactive tool for a quick profitability check for a proposed pinui binui plan
The Organizers’ Law
A law passed in 2017 for the purpose of regulating communication with residents with regard to demolition and construction projects
Amendment to Pinui Binui Law
amendment which reduced required consent of residents to 80% majority
The Pinui Binui Law
the original law for demolition and construction transactions
The Social Aspects of Pinui Binui
Most of us tend to think of a pinui binui project as just a business venture, a deal between a developer who is interested in making a profit and the residents of a building who are interested in expanding and upgrading their property and quality of life. But actually there is much more to it than that. Here at Hitchadshut, we see many important social aspects to the demolition and construction process, with ramifications far beyond profits. We work with the residents to ensure their well-being during the process and to customize the final results to the veteran residents’ way of life.
Trained counselors provide ongoing support to the residents throughout the planning stage of the building project.
The counselors assess the social and community needs of the residents, mapping the demographic sectors, and noting any special needs that might arise. The information they collect helps in the planning of new buildings to ensure that the residents’ needs are met.
The main tool is a social survey which assesses the existing population as well as the new residents who will be moving in. The survey results are mapped and integrated into the plan to ensure that both the new building and the waiting period will be optimally suited to the residents’ needs.
Funding to cover shared maintenance costs (vaad bayit) of the new building, for low-income residents.
Providing any necessary aid to elderly residents and finding appropriate housing solutions for them, such as assisted living residences, etc.
Creating the right mix of apartments for the people who will be living in the building.
