The following options are available to the society for arranging the required funds:
1. Capitalize its own fund from the members of the housing society and finance the self-redevelopment project
2. Avail loan from financial institution for funding the project
Business CHECKLIST OF DOCUMENTS FOR SUBMISSION FOR SELF REDEVELOPMENT LOAN:
Along with all the documents related to the society mentioned above, the following additional documents and details need to be furbished if the housing society plans to take funding from the Bank for the self-redevelopment project. Some of these documents become available as a part of the self-redevelopment process.
- Copy of Acknowledgement of the Special General Management Resolution
- Copy of the registration certificate and updated byelaws of the society. Audited financial statements for last 3 financial years
- List of committee members
- Details of all society members
- Copy of the proposed Self Redevelopment project report which should include details on the budget and cost break-up for the project
- Copies of IOD and other NOCs from concerned authorities etc
- Existing Members Old and New Allotment with Existing Area, Free offer Area and Total Area Statement
- Amenities List proposed in the new self-redevelopment project
- Copies of agreements entered into with the legal advisers, architects, chartered accountants etc. (the society has to shortlist and select them first)
- Cashflows of the project along with a loan repayment plan
THE LIST OF SERVICES THAT THE SOCIETY WOULD REQUIRE FOR SELF-REDEVELOPMENT / REDEVELOPMENT WILL BE PROVIDED BY REDEVELOPZOID PMC INCLUDE:
Services of a number of professionals and specialist are required at various stages which the society needs to appoint. To make the process streamlined and to handle the overall project professionally, the society can appoint Redevelopzoid PMC who can help the society through the entire self-redevelopment process.
| Accountants |
BMS specialists |
Landscape Gardeners |
| Advocate |
Brokering Agency |
Civil Contractor |
| Designers |
Concrete Specialists |
Main Contractor/Builders |
| Fabricators |
Elevation Experts |
Fire and Security Engineers |
| RMC |
Lift Consultants |
Ground workers |
| HVAC Experts |
Interior Designers |
Investors/Financial Institutes |
| Architects |
Liaoning Architect |
Geotechnical `Engineers |
| Fabricators |
Elevation Experts |
Fire and Security Engineers |
| Electricians |
MEPF Consultant |
Painting Contractor |
| Surveyors |
Structural Engineer |
Planning Consultants |
| Plumbers |
Project Managers |
Quantity Surveyors |
| Pest Control |
Fire Safety Experts |
Sales /Marketing Consultants |
| Soil Testing |
Signage Consultant |
Site Supervisor |
| RCC Consultants |
Parking Consultants |
Water Proofing specialist |
|
Civil Aviation Consultant |
Services Engineers |
NOCs / DOCUMENTATION SUBMISSION
There is a long list of documents that needs to be prepared for submission to various authorities as mentioned below:
| 7/12 extract |
PR cards with area in words |
| CTS plans |
Latest survey remarks |
| DP remarks |
Latest RL remarks |
| Latest RL remarks |
Status of existing road |
| Search and title report from solicitor |
Inspection extract of property tax |
| Photographs of existing building |
Consent of Existing Tenants |
| Structural Audit report |
Application to EEBP along with required scrutiny fees |
| Appointment Letter for Architect |
Parking NOC with scrutiny fees |
| Survey remarks |
CFO NOC with capitation fees |
| Municipal drawings |
Report to commissioner for concession |
| Application to MCGM |
Issue of IOD and approved plans |
| Approval of plans |
|
| List of existing members along with existing carpet on the letterhead of society |
| Physical survey plan with width of existing road for plot |
| Copy of Physical survey plan of existing building to ascertain existing carpet and FSI |
| Notice u/s 337, CC application u/s 44/ 69, Identification Performa, Area affidavit, Indemnity Bond etc from Society |
| Approval of report for required concession from commissioner |
| Report for approval of plans claiming plot FSI + Govt. TDR FSI + fungible |
PAYMENT REQUIRED TO BE PAID
| Additional scrutiny fees |
Debris deposit |
| IOD deposit |
Govt. TDR |
| Fungible premium |
Staircase, Lift premium |
| Development charges |
Deficiency open space premium |
| Labor welfare premium |
NOC from assessment department |
| Registered undertaking |
Reliance / TATA (Lic. Electrician). |
| Payment for development charges |
Excavation permission |
| Excavation permission |
Permission to demolish existing structure |
| Appointment of Pesticide Control Agency |
Licensed Plumber |
| HE NOC |
Drainage approval |
| After Approval and Before CC up to Plinth |
Consent License Site Supervisor |
| Janata Insurance policy for workers (Contractor) |
| Indemnity bond in view of damage etc. and for NA permission |
| Agreement with existing tenant along with plans |
| NOC from A.E Environment for debris management (contractor) |
| Bore well permission and certificate from Ground Water Survey Department Authority |
| Proportionate sewerage line charges remarks and its payment receipt |
| No dues certificate P form / Water tanker permission |
| PCO NOC and Payment receipt of advance paid for to prevent epidemics like Dengue, Malaria etc |
FROM RCC CONSULTANT
| Soil investigation report |
RCC design and calculation |
| Certificate for provision of building floors |
Demarcation of road from MCGM |
| Storm water drainage remarks |
Street lights remarks |
| Application for NA permission |
NOC from MTNL |
| Display of board with details |
Title certificate from Solicitor |
| Before further CC |
Material testing report |
| Monthly progress report |
Challan of debris |
| Water connection for construction |
Obtaining P form through Plumber |
| Any other balance condition to IOD |
To Load TDR |
| Approval of deduction of TDR |
To obtain CC for entire work |
| Compliance of revised IOD |
Before obtaining OC |
| All completion certificate |
From Lic. Structural Engineer |
| From Lic. Site Supervisor |
From Rain Water Harvesting Consultant |
| For Parking |
For CFO For Drainage |
| For Road |
For SWD |
| For Garden |
NOC from Assessment Department |
| Any other required conditions |
Approval of report to grant OC |
| Payment as per above before approval. |
Issue of IOD and approved plan for entire FSI |
| Certificate for considering IS codes while designing |
| Certificate for cantilevers (projections) and the proportion to load |
| NOC from SG Tree Authority / Tree cutting permission |
| Appointment of consultant for rain water harvesting and design for water harvesting |
| NOC from society along with certified extract of General Body Resolution for Development |
| Report to commissioner for deduction of TDR |
| Report for entire approval with TDR + Fungible |
