1. Demolition and reconstruction: In this scenario, the current structure is demolished to make way for a new, contemporary building through one of two potential processes:

Evacuation-construction (Pinui-Binui) -Demolition and reconstruction of the existing building: This comprehensive neighborhood revitalization plan encompasses multiple buildings, public spaces, commercial premises, green areas, and transportation infrastructure. It necessitates a two-thirds majority agreement from all tenants and typically spans 8 to 15 years for planning and execution.
Construction-evacuation-construction (Binui-Pinui- Binui) - Like evacuation-construction, this approach involves constructing new buildings on available land for existing tenants before progressing to the demolition and construction of new structures for new occupants.

2. Building reinforcement against earthquakes and expansions: This strategy enables various engineering interventions to fortify the structure, add new floors atop existing buildings, and extend current apartments, all at zero expense to tenants.

Two primary pathways are available:

NOP 38/1: This plan, aimed at thickening and strengthening buildings, falls under the jurisdiction of the local planning and construction committee. It bypasses the need for an IBA (Israel Building Act) approval, often resulting in quicker implementation. The project requires approval from 66% of property owners and typically leads to a substantial increase in apartment values.

NOP 38/2 - Demolition and reconstruction: In this scenario, the local committee holds the authority to approve the plan. However, as it involves a more intricate process of demolishing and rebuilding, the requisite majority is 80% of property owners. Anticipated completion time spans 3-5 years. Property owners in this case receive a new apartment with MMD (Maximum Maintenance Defect), inclusive of environmental enhancements to communal areas, thereby experiencing a substantial rise in apartment value.

The Urban Renewal Guide