Self Redevelopment & Redevelopment

As a PMC (Project Management Consultant) specializing in redevelopment and self-redevelopment projects, Redevelopzoid plays a pivotal role in supporting housing societies throughout the entire process:

  • 1. Expert Guidance: We facilitate access to professional expertise with specialized knowledge, skills, and experience relevant to redevelopment.
  • 2. Comprehensive Planning and Execution: Our role includes overseeing the overall planning, execution, and management of the project. This encompasses critical aspects such as decision-making support, ensuring adherence to quality standards, compliance with government regulations, and meeting all legal requirements.
  • 3. Feasibility and Structural Reports: We provide essential feasibility reports prepared by our architects, assessing project viability and structural stability.
  • 4. Quality Control:Redevelopzoid ensures rigorous quality control throughout the project lifecycle.
  • 5. Legal and Technical Expertise: We handle all legal and technical aspects, including preparing Title Reports, managing structural assessments, and navigating Transfer of Development Rights (TDR) and Floor Space Index (FSI) regulations.
  • 6. Financial Management: Our team assists in fundraising, manages initial finances for critical approvals like IOD, and oversees project invoicing, taxation, and cost accounting.
  • 7. Coordination with Stakeholders: We act as a central point of contact, coordinating with multiple authorities and professionals to ensure seamless project progress.

By engaging Redevelopzoid PMC, housing societies can effectively navigate the complexities of redevelopment, ensuring efficient project delivery, compliance with regulations, and optimized financial outcomes.

If a society decides to undertake self-redevelopment without the support of a PMC (Project Management Consultant), they may encounter several challenges and disadvantages:

  • 1. Decision-Making Challenges: Differences in views among society members can hinder decision-making processes.
  • 2. Consensus Building: It can be difficult to achieve consensus among members at the beginning and throughout various stages of the project.
  • 3. Lack of Legal and Technical Knowledge: Society members may face challenges due to inadequate understanding of legal and technical aspects involved in redevelopment.
  • 4. Expertise and Procedural Know-How: There may be a lack of expertise or procedural know-how required for managing a redevelopment project effectively.
  • 5. Legal Documentation: Managing and understanding complex legal documentation required for approvals and compliance with regulations can be daunting.
  • 6. Government Authorities: Handling documentation and liaison with government authorities can be time-consuming and challenging.
  • 7. Understanding Norms and Regulations: Issues may arise in comprehending and adhering to norms like Transfer of Development Rights (TDR) and Floor Space Index (FSI).
  • 8. Fundraising Challenges: Society members may face difficulties in raising funds for initial approvals like Intimation of Disapproval (IOD) before bank financing kicks in.
  • 9. Sales and Marketing: Lack of expertise in selling extra flats to recover project costs can impact financial viability.
  • 10. Accounting and Project Management: Challenges in managing project finances, invoicing, taxation, and adhering to cost accounting standards.
  • 11. Compliance with Government Norms: Ensuring project development aligns with government norms and standards can be demanding.
  • 12. Coordination with Experts: Managing multiple experts and ensuring coordination among them throughout different project phases can be complex.
  • 13. Member Commitment and Skills: Adequate time, competence, and commitment from society members to oversee a large-scale redevelopment project may be lacking.
  • 14. Dealing with Authorities and Professionals: Challenges in navigating the liaisoning network and coordinating with various authorities and professionals.
  • 15. Leadership and Unity: Lack of strong leadership and unity among society members can lead to inefficiencies and delays in project execution.
  • Time, competence and inclination within the society members to manage a big self-redevelopment project.
  • Dealing with multiple authorities and professionals
  • Problems in understanding the Liaisoning network
  • Lack of Leadership and unity amongst society members

In conclusion, while self-redevelopment offers autonomy and control to society members, engaging a PMC can significantly mitigate these challenges by providing professional expertise, guidance, and streamlined project management.

the context of redevelopment or self-redevelopment for buildings aged 25 to 30 years, here's a simplified overview:

  • 1. Redevelopment vs. Self-Redevelopment: Buildings meeting age and condition criteria can undergo redevelopment under specific development control regulations (DCR). Self-redevelopment grants society members control over project decisions, including plans, designs, and construction quality. Changes to building plans require member consent.
  • 2. Loan and Legal Requirements: To secure bank loans for self-redevelopment, societies must be registered under the Maharashtra Cooperative Societies Act, 1960. All government dues and pending society maintenance fees must be settled beforehand.
  • 3. Financial Management: Bank disbursements for self-redevelopment projects are made to the society's escrow account, ensuring payments align with project milestones. Property rights and all project documentation remain with the society throughout the process.
  • 4. Occupancy and Risk Management: Obtaining an Occupancy Certificate is straightforward as buildings are developed strictly according to approved plans. Risks associated with improper sale of common areas are minimized, and internal resolution of parking space issues is possible.
  • 5. Advantages of Self-Redevelopment: Projects can be completed ahead of schedule, saving members rental costs. Self-redevelopment often provides more extra space and amenities compared to builder-led projects. Extra flats can be purchased by existing members or sold externally, with profits benefiting society members.

Self-redevelopment offers autonomy and financial benefits to housing societies, provided they navigate legal requirements and project management effectively.

Here's a simple breakdown of the documents required for redevelopment or self-redevelopment projects:

  • 1. Land Ownership Proof:
    o Conveyance Deed or Index II or Sale Deed in favor of the society
    o Land purchase agreement in the name of the society
  • 2. Building and Property Documentation:
    o Original Building Plan
    o 6/12 extract (extract from the Property Register showing property details)
    o 7/12 extract (extract from the Land Revenue Register)
    o Property Card (document containing property details like area, location, etc.)
  • 3. Legal and Administrative Documents:
    o Non-Agricultural (N. A.) Order (if applicable)
    o CTS Plan (City Survey Plan) with CTS number
  • 4. Society Registration and Byelaws:
    o Society Registration Certificate
    o Updated copy of society byelaws
  • 5. Financial Statements:
    o Audited financial statements for the last 3 financial years
  • 6. Members' Agreements and Certificates:
    o Members' share certificates and agreements
  • 7. Plot Details:
    o Setback area details
    o Physical plot area measurements
  • 8. Reports for Redevelopment Evaluation:
    o Structural Report:     Assessment of building stability by a structural architect.
    o Feasibility Report:     Prepared by an architect or PMC, evaluating project viability based on building plans, Floor Space Index (FSI), Transfer of Development Rights (TDR), market rates, and project costs.

These documents are essential for initiating and progressing through the redevelopment or self-redevelopment process, ensuring compliance with legal requirements, financial transparency, and project feasibility assessment.

About Us:Redevelopzoid PMC provides comprehensive Project Management Consultant services for housing societies aiming to undertake self-redevelopment or redevelopment with contractor appointment for construction. We specialize in guiding societies through the complexities of project planning, execution, and management to achieve successful outcomes