About Ruchika Consultancy | Trusted Architectural & PMC Firm Since 2007

Redevelopment & Its Process

The REDEVELOPMENT usually starts with the FEASIBILITY STUDY, to ascertain the actual Redevelopment Potential of your Society, followed by the following

Annexure A:

The details of the “Steps in Tendering & Sec 79A for Redevelopment Process of Housing Societies in Maharashtra”.

Annexure B:

Steps for “PMC of Builder Lead Development”

Annexure C:

Steps for “DM of Self-Redevelopment” with Bank Funds or with Private Funds”.

We have proposed an option wherein Ruchika Consultant, would be associated as Development Management (DM) Model in Self-Redevelopment in Development Management Model. Annexure C, broadly talks about our scope as Project Development Managers in scenario of Self-Redevelopment.

Annexure A:

The complete deliverable from Ruchika Consultant Pvt, as a Project Management Company, would be in two phases which have been elaborated separately under Annexure A and Annexure B.

Annexure A, specifically talks about the activities related to 79A Process whereasAnnexure B the activities as Project Management Consultancy in Developer Lead Development.

STEPS OF 79 A PROCESS

Sr.No	Activity description
1	Advising and procuring the documents of the land and the building as required for the redevelopment over and above the available documents with society.
2	Advising for physical survey of land and types of residential flats.
3	Presenting and explaining the feasibility report prepared earlier to the members of the society and making them aware of their POTENTIAL and ENTITLEMENTS.
4	Conduct a joint meeting with Society members / Committee Members / Architect (If required) to ascertain the details of the tender document.
5	Publish the tender document
6	Preparation of tender document for invitation of offers from developers. Receiving the offers from the Developers and making comparative statement/analysis.
7	Conduct the Special Committee Meeting in which the representatives from the Bidders, Committee Members and PMC Team will be present. 5 bids will be selected or if bids are less than 5 then all these bids will be forwarded and placed in the SPECIAL GENERAL BODY MEETING.
8	To coordinate with the Registrar Office for appointment of an authorized officer to attend the Special General Meeting of the Society for selecting a Developer
9	To conduct technical and Financial Due Diligence of shortlisted developers and to call SGM to finalize the Tender. Finalize the developer for the project.
10	Helping society members in negotiations with developers and assisting in finalizing the developer.
11	Guiding society members on the legal matters in addition to the advice of legal expert, helping to appoint the legal advisers and providing inputs to avoid possible legal complications in future while appointing the Developer.

Note:

Process of 79(A) is mandatory as per Govt of Maharashtra as it avoids and safeguards any dissent during the advancing stages of Redevelopment.

ANNEXURE B

STEPS FOR PMC OF DEVELOPER LEAD DEVELOPMENT

Sr.No	Activity description
1	Scrutinizing the plans prepared by the developer for approval, cross checking the plans so as to check the correctness of design as per requirement of the society members and pre conditions of tender and further negotiations, suggesting the alternatives to the plans submitted by the developer so as to have suitable plan from society’s point of view, guiding on the external view and elevation part, Checking the relevant NOCs, approvals, its conditions and safeguarding the legal interest of the society.
2	Advising society members in finalizing various amenities and internal finishing material, advising them on the interior layout to design the electrical point wise layout and wiring.
3	Preparing/Vetting the Draft Development Agreement to be executed with the developer
4	Liaison between the society members and the developer for finalization of plans and elevation and design scheme. Helping/advising society members in allotment of flats. Guiding members in utilizing the additional area as offered by developer. Also advising on the matter of purchase of additional area and its formalities about the planning to safeguard the technical and legal interest of all the society members.
5	Execution Project Management Consultancy
5a	Periodic fortnightly supervision on the progress of the construction and keep a watch on the quality of the construction works along with the full-time site supervisor appointed by the developer. Advising on the quality tests and billing certification (if required), required to be done during the progress of construction work. Helping society and developer to complete the redevelopment process smoothly and successfully in all respect.
Or
5b	Ruchika Consultant can take up full-fledged Project Management Consultancy as society’s PMC by Deploying Full Time Engineers & Supervisors Team on Site to supervise day-to-day activities of construction.

ANNEXURE C

STEPS FOR PMC OF DEVELOPER LEAD DEVELOPMENT

As seen from our Company Profile, we have full-fledged team of domain experts for taking your society through the complete process of Self-Redevelopment. All the below mentioned activities will be taken up by our team. The following will be the steps of Self Redevelopment:

Sr.No	Activity description
1	Feasibility Report To prepare the Feasibility Report and arrive at the optimum additional areas, rent and expected Surplus/Contingency amount.
2	Generating Funds for the Project To present the Feasibility Report to the Funders and get their approval by keeping collateral. Also get the Loan Pre approval done from them.
3	Planning and Designing of the Project and getting IOD Liaison Design and preparation of Plans for submission and approval of MCGM and to obtain IOD. Similarly Architectural Drawings to be prepared, which will represent the new flats of member and for sale, along with the exterior looks of the new building. RCC Design too will have to be finalized.
4	Vacating the Old flats and Demolition of building On receiving IOD, the bank funding disbursement will start and Members should start vacating the flats. Once all the members are ready to vacate the flats, rent, shifting and brokerage will be given to all the members. We can start demolition of the building.
5	Receiving Commencement Certificate (CC) After demolition, we will be eligible to receive the CC. RERA registration will have to be done at this stage. We can also start phase wise sales. Further approvals will have to be obtained from BMC / MAHADA / CIDCO-NMMC on payment of Premiums.
6	Preparation of Tenders and Finalization of Contractors The Actual start of work and execution of the new building project based on the finalized designs.
7	Project Execution All the aspects of Project execution will be completed in this phase along with timely payments of BMC / MAHADA / CIDCO-NMMC Premiums and completion of Project i.e. New Building will be ready.
8	Sale of Additional Flats Simultaneously the sale of additional flats will continue as per the Sales Planning and Marketing will also have to be done to boost up the sales. This can well continue even beyond full completion.
9	Obtaining Occupation Certificate (OC) Once the building is fully complete, OC can be applied after getting the NOCs from various departments. Members will get their newly constructed flats and can start shifting to their NEW MODERN HOMES.
10	Completion of Sales All the efforts will be to complete the balance sale of flats. All the new members too will be given possession of their new flats.
11	Repayment of Loans and Financial Closure Loans will be repaid and EMIs will be stopped immediately. All the balance funds will be with the existing (old) Members and they will take an AGM to decide on its distribution, before starting a new beginning with the new Members.
12	DM Partner Fees We will take our fees as per the agreed payment schedule from time to time.