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Redevelopment Xp: A dedicated Project Management & Consulting team.
Our goal & responsibility is to guide you through all the nuances of redevelopment, getting you the best offers from the developers and assuring the quality of work stays intact during the entire phase of redevelopment project execution.
Scroll below to know everything about redevelopment process.
What Is Redevelopment?
Benefits
Process
Documentation
Redevelopment
What is Redevelopment?
Redevelopment of housing societies is a process to completely rebuild the residential society which has lived its life with modern infrastructure and new regulations laid down by the municipal corporation.
There are thousands of buildings in the PMC & PCMC limits which are now depreciated, lived their age and have faced tremendous atmospheric wear and tear. These buildings are now ready for redevelopment as they have been far beyond attempting any structural repairs or have become a serious safety hazard.
Benefits
Benefits of Redevelopment
There are a lot of benefits that come along with redevelopment of housing societies. Following are the important ones.
The members get a new flat
All the members of the society get a fresh new flat with a choice of completely customizing the interiors according to their needs.
Increased FSI
The new flats come with considerable increment in the carpet area & the super built up area.
Amenities Upgrade
The newly developed society gets extraordinary amenities like grand lobby entrance, modern elevators, ample parking etc* for all society members.
Facilities Upgrade
The newly developed society also gets a new set of modern facilities such as power backup, solar gen sets, rainwater harvesting area etc*
Structural Integrity
The newly developed buildings come with longer lives and enhanced structural integrity against atmospheric wear and tear.
Growth In Asset Cost
The cost of the flats increase due to increase in the carpet area and the additional amenities & facilities.
Process
The Process of Redevelopment
The process of redevelopment is tedious and time consuming. It involves gaining approvals & clearances from various government departments.
The developer & the society has to follow the rules and regulations laid down by the Govt. of Maharashtra to streamline and solve the problems associated with the initial stages of redevelopment so the entire process is completed peacefully leaving both parties satisfied.
Following is the sequential process for redevelopment of housing societies:
SGBM Resolution
The board needs to pass the resolution for the society redevelopment in its Society General Body Meeting.
Consent of The Society Members
Consent with atleast a quorum of the society members is required for moving ahead with the redevelopment project.
Furnishing Documents To The Developers
The society presents all the necessary documents required for redevelopment to the developers.
Understanding The Requirements of Society Members
In the first step we meet the society members to interact with them and understand their exact needs with redevelopment project.
Project Feasibility Check
Once we have understood your expectations, our team visits the site and performs a detailed feasibility analysis of the site and its surrounding neighbourhood.
Appointing Consultants
The society appoints a Project Management & Consulting agency for the said redevelopment project.
Tendering & Short Listings
The PMC then furnishes tender for redevelopment project / short lists the developers for the said redevelopment project.
Selecting Best Option
The society selects the best option for redevelopment from all the available choices of plans submitted by different developers.
Extending LOI (Letter Of Interest) To The Developer
Once the developer is finalised, the society then extends letter of interest to the finalized developer
Initial Blueprint
After understanding the requirements of the society members and the thorough feasibility study our team prepares.
Preparing Proposal As Per PMC Framework
Once the society members agree upon the proposed blue print and specifications we prepare a redevelopment proposal for the society as per the PMC guidelines.
Legal Contract & Processes
Once the proposal is approved by the society, our team crafts a legal contract which contains all the promised services and features during the proposal. Transparent work procedures and other processes are also mentioned.
Scrutiny of Approvals Obtained By The Developer From Pune Municipal Corporation
Once the developer obtains all the necessary approvals from the municipal corporation, our team scrutinies all the approvals & sanctioned documents.
Monitoring Rehabilitation of Residents Prior To Site Take Over
As your dedicated PMC we monitor the member rehabilitation process to ensure a smooth transition experience.
Commencing Redevelopment
Once the rehabilitation of the residents is done. The demolition of the site begins and the redevelopment project starts
Completion & Occupancy
Once the project is successfully completed the developer approaches the authorities for the completion and occupancy certificates.
Handover Of Flats
A grand ceremony is held at the newly constructed housing society for the handing over the possession of the flats to existing and new members.
Documentation
Documents Required For Redevelopment
There are a lot of documents needed for the approval of redevelopment plan of housing societies.
Copy of C. S. Plan
Copy of D. P remark
Copy of Inspection Extract
Copy of Road Line Remark (Rd. Widening documents)
Copy of Occupation Certificate Copy
Copy Of Sanctioned / Approved Plans
Copy Of Property Card
Copy Of Ownershp Proof (Copy of orogonal purchase document of land)
Registration Certificate of Society
Search Report & Title Clear Certificate of the Society
All the Legal Documents Pertaining to Land & Building
Individual Agreement of Members and Shops (If Any)
Copy Of Electricity Bill
Copy of Property Tax Bill
Copy Of Water Tax Bill
Copy Of Existing Area Documents
List Society Members and Their Flat No.
Flat / Shop Wise Carpet Area List
NOC of the Deputy Registrar of Societies
Take Your First Step To Rebuild Your Dream Home
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Redevelopment is tedious task. Let the experts handle your redevelopment project. Connect with us today.
Take Your First Step To Rebuild Your Dream Home
Sign-up through link below.
Redevelopment is tedious task. Let the experts handle your redevelopment project. Connect with us today.