Take Control with a Structured Approach!
With so much complexities, challenges and risks, how would you ensure success for your Redevelopment (RD) Project?
Well, follow a Structured Roadmap, adopt Proven Standards, create Transparent Records, Track Milestones and take due Precautions!
We have distilled two decades of our experience as PMC to bring you these insights and guidelines. Whether you are at an initial or advanced stage of your project, you can use this Website as a Self-help Guide to navigate through and track your Project!
How to use this Website?
We have divided a RD Project into 5 Phases: Feasibility Study, Tendering & Developer Selection, Pre-Construction, Construction and Repossession.
1. For each Phase, you will find its Roadmap or a step-by-step procedure.
2. Each step is well articulated with its Action Point, the Agency to take that action (MC/ PMC/ Dev) and supporting Notes. If any action ...
Initiating Project:
A Redevelopment Project is the Project of “One Large Family” of the members of a Co-op Housing Society who are the collective owners of the Society’s plot. Therefore, it should be undertaken with consensus of majority of members and executed in a transparent manner. Throughout the Project, Society is represented by its Managing Committee (MC), who share a huge functional and moral responsibility.
The main steps f ...
Feasibility Study & Report:
The main steps for this Stage are as follows:
1. Compiling Title Docs, Old Approved Plans etc
2. Obtaining Technical Docs, Remarks, NOCs etc
3. Conducting Plot Survey
4. Deciding Members’ Base Carpet Areas
5. Preparation of Feasibility Report
6. Approval of Feasibility Report in SGBM
The Report must be based on reference data/ documents and may present different scenarios depending on different Development Regulations or different modes of utilization of the FSI. Constraints or Chall ...
Contents of Feasibility Report:
1. Reference Documents/ Data
2. Plot Description & FSI Potential
3. Assumptions/ Parameters used
4. Detailed Feasibility Calculations
5. Statements of Cost, Revenue & Returns
6. Key Financial Yardsticks Used
7. Probable Members Benefits & Terms
8. FSI Distribution Statement
9. Constraints & Challenges, if any
10. Advantages & Caution Points
Feasibility Report may generally consist of computations based on total FSI Potential of the plot and without the need for preparation of plans. However, if there are critical restrictions on permissible height of buildings, it may become necessary to prepare tentative plans at the stage of feasibil ...