" Redevelopment In Mumbai is one of the Biggest Brownfield
Projects of Our Country"
REDEVELOPMENT
Redevelopment projects constitute a major share in the real estate construction market of the most prosperous city of India, Mumbai. Unlike the regular construction, where it all starts with the acquisition of plot, permissions and then construction, Redevelopment in its self brings extensive challenges as a major portion of the process is people management. Dealing with the existing tenants and catering to their needs is a major milestone in this endeavor. TNPL was formed to create superlative and enduring value by creating a benchmark in redevelopment through unsurpassed excellence and expertise in project acquisition, project execution, planning and design.
A REDEVELOPMENT PROJECT HAS TWO MAJOR PHASES
REDEVELOPMENT ENTAILS CONSTRUCTION VENTURE ON THE PLOTS OF
HOUSING SOCIETIES
TENANTED PROPERTIES
CESS PROPERTIES
PRE CONSTRUCTION COORDINATION AND MANAGEMENT
When a society decides to go for a redevelopment proposal, it is not just one person who takes the decision, but one has to deal with all the existing members. In order to successfully complete a project, we need to cater to every individual queries and requirements. People management is the most crucial chapter of this process. Also it is very essential to act as per the guidelines of Maharashtra Co-operative Societies’ Act of 79(A) as on 3 rd January 2009 and strictly follow the procedure laid down therein. This phase of the project involves largely the following stages;
To decide to go for redevelopment by 51% of members consent in SGM.
Appointment of experienced and competent Project Management consultant to provide complete professional guidance in the process of redevelopment.
Inviting proposals from Developer by way of tendering.
Submission of a bid by Developers by way of the tender document issued by the society.
Conducting Site visit of previously constructed projects of Developers.
Presentations by Developers before the society members.
Submission of a final offer.
Selection of Developer at the society Special General body meeting
Screening of society property-related documents.
Negotiations at the time of execution of the Development Agreement.
Individual consent from members.
Co-ordinate all design development including master planning, detailed architectural, engineering drawings, etc. of the new society-building after catering to every individual's demand.
Submission of plans with the concerned authorities.
Acquiring all the required permissions at various stages of the process.
Registration of agreements of the new flats allotted to existing members.
Handing over vacant possession
CONSTRUCTION, SUPERVISION & REPOSSESSION
Once the building has been vacated by the members the second phase of the redevelopment process starts It includes the following:
Demolition of the existing building.
Obtaining the work commencement certificate.
The inception of the construction of the new proposed building.
Supervision & Reporting to the Society Members.
Confirmation on Internal amenities with sample flat demo.
Once the construction is complete, obtaining the Occupation Certificate of the completed building.
Rehabilitating the existing members of the society.
Taking handover of documents/permissions/approvals/ plans/blueprints, user manuals, warranties, guarantees for amenities, etc. related to the newly redeveloped building.
Addition of new members and hand over of society operations.