PROCESS OF

REDEVELOPMENT
 DEFINATION OF REDEVELOPMENT

 Redevelopment means demolishing

the Old Structure and replacing the
same with New Structure with new
Dimensions and Space
ADVANTAGES OF REDEVELOPMENT
 Better standard of living
 Modern facilities / gadgets like lifts, intercom system,
smoke detectors, firefighting alarm system, concealed
plumbing, concealed wiring for electricity, telephone,
cable TV, etc
 Earthquake Structure
 More FSI
 Bedrooms with attached bathrooms
 Corpus Funds
 Stilt and underground parking
 Modern Amenities - Clubhouse, Swimming Pool,
Gymnasium, Community Hall etc.
DISADVANTAGES OF
REDELOPMENT
 Any gap or missing of redevelopment deed result in loss for
the project.
 Residential converted to commercial
 New members not gelling with original members
 Additional members requires extra consumption of water
scarcity.
 Need additional parking space.
 Cost of maintenance increases
 Tax burden is high
 Increase in property tax
 Additional area will have stamp duty as per today’s market
price.
 Halfway halt in project.
WHEN IS REDEVELOPMENT
CONSIDERED?
 Structural Audit
 Conveyance Deed
 The building should be more than 30 years
REQUISITION FOR CONVENING
SGM FOR REDEVELOPMENT 
 An application of requisition to hold a SGM of the
members of the society to consider and discuss
the Redevelopment Project and suggestions on
the same, the requisition application will be signed
by 1/5th of the total members of the society.
 After receiving the requisite letter , within a period
of 2 months the Hon.secretory should call SGM
give the agenda of the meeting , this has to be
circulated before within 14 days prior the meeting.
LIST OF DOCUMENTS REQUIRE
FROM THE SOCIETY
 Society Registration Certificate.
 7/12 Extract.
 Form no. 6 from Revenue Office.
 Conveyance Deed / Lease Deed / Sale Deed.
 Search Report and Title Certificate.
 Index II
 N. A. Order.
 Development Agreement.
 City Survey Plan.
 Approved Building Plan.
 Commencement Certificate.
 Occupation Certificate.
 Completion Certificate.
 Agreement for Sale.
 Stamp Duty paid proof.
 Registration Charges paid proof.
 Appointment Letter.
 CALL A SPECIAL GENERAL BODY
MEETING (SGM)
 The managing committee should convene
a special meeting of the members to discuss the
redevelopment ,at least 2/3rd members should be
present in the meeting out of which 51% of the
total number of members should agree for
redevelopment.
 It is also recommended that a special
redevelopment committee be set up to supervise
the entire process.
 Before calling meeting the committee of society shall
obtain quotations from minimum three architects
registered or Project Management Consultants.
 After considering all the quotations received, the
SGB will select one of the Experts.
 Society should create a website on the internet and
upload all the details regarding redevelopment like
notices, minutes and report of Archiect. All the
information should be shared via email/ in person,
etc, also to registrar’s office within the 15days of the
said meeting & publish it on the society notice board
 TO ISSUE LETTER OF APPOINTMENT
TO THE ARCHITECT / CONSULTANT
 Letter of Appointment to the Architect /Consultant
selected by the SGM should be given within
30days.
 THE INITIAL WORK TO BE CARRIED
OUT BY THE ARCHITECT
 After appointing an Architect / Consultant, has to do
the survey of Plot Area, Use Area, FSI, TDR, Sell,
Profit and submit a feasibility report
 Prepare the draft of tender in which day ,time and
venue will be finalized for the next Management
meeting.
 The Architect will prepare the draft Tender
considering the suggestions, demand , requirements
of the members , and also mention one of the
primary requirements (Unchangeable) carpet area
or corpus fund will be decided and considering the
other technical aspects tenders will be invited
 TENDER FLOATING-

 After the Technical problems are sorted out, the

Society should call for a SGM, the Managing
Committee to proceed ahead and float Tenders by
inviting different Agencies / Builders / Developers
to give their offers through News paper Notice etc.
 OPENING OF TENDERS-

 Within 7days from the last date for receipt of

Tenders, the Society should call for a SGM and
open the tenders in front of the Members of the
Society present in the meeting along with the
Architect. The detailed offers received should be
read out in the meeting and a provisional merit list
should be made in the meeting itself.
 The Architect will conduct scrutiny of all the
Tenders and prepare a comparative chart. The
expertise, status, experience and competitive rates
offered etc.
  Minimum 5 Tenders
 SELECTION OF A DEVELOPER:
 With the help of the appointed Architect selection
of the developer to be carried out from those
selected tenders.
 The selection of one developer is on the basis of
experience, caliber, financial status, technical
expertise and competitive rates.
 Once the developer is selected the Hon. secretary
will inform all authorized members and society
member with in 1 month and also upload it on the
website and put a notice on the notice board.
 The Arrangement for Video Shooting of the SGM, at
the expenses of the society, shall also be made.
 It is necessary to get written confirmation for
appointment of Developer, from the majority of the
present members which shall not be less than 51%
of total members of the society
 DOCUMENTS OF THE DEVELOPER
 Partnership Deed of the Developer duly registered
OR Memorandum of Association
 Copy of Registration Certificate.
 Name and address of the Partners / Directors
along with their PAN.
 Copy of PAN of the Firm.
 Income Tax Return filed for the last 3 years of the
Partners / Directors of the Company.
 Service Tax Registration no.
 Copy of Balance Sheet and P/L A/c to understand
the financial strength of the Firm /Company.
 Feasibility Report from the Developer as to how
they would develop the Property
 DEVELOPMENT AGREEMENT

 The Managing Committee as per the Terms &

Conditions will call for SGM shall make an
Agreement with the Developer within 3 months
 According to the size of the redevelopment project
from the date of the completion of plinth within 2
years of time project has to be completed or
special cases 3 years.
 The Developer will give Bank Guarantee of 20%
price of Redevelopment Project to society.
 The Developer will try to give alternate accommodation
to the members in the same area till the
Redevelopment Project is complete.  Otherwise he will
pay monthly rent and Deposit agreeable to members
 Each members rental agreement will be registered.
 The flat owners will vacate their flats only after receipt
of all the legal permissions for the Redevelopment
work and after registration of Permanent Alternative
Accommodation Agreement with the individual
members.  
 After receipt of the Occupation Certificate for the
Redeveloped building the distribution of the flats
should be preferably made in accordance to the
prevailing arrangement of present floors
 DOCUMENTS AND AGREEMENTS
INBETWEEN SOCIETY AND
DEVELOPER
 Redevelopment Agreement.
 Indemnity Bond by the Developer.
 Format of Bank Guarantee from the Builder.
 Power of Authority from the Society to the
Developer.
 Agreement for alternate accommodation.
 Consent Letters from the members to the Society.
 Consent Letters from the members of the Society
to Builder / Developer / PMC.
 Memorandum of Understanding (MOU) between the
Society and Builder / Developer.
 Appointment Letter from the Society to the Builder /
Developer.
 Possession Letter from the Builder to the Members.
 Application by new members to the Society for becoming
members in Form no. 3.
 Undertaking from the new members to the Society.
 Format of the Resolution to admit new members.
 List of Documents required to be collected from the
Builder.
 Revocation / Cancellation of Power of Attorney.
 ALLOTMENT OF NEW FLATS

 In case when the Allotment of flats is required to

be made by lots, only after completion of the
building the Developer should make available the
lottery system after completion of the
Redevelopment Project.  The developer should
arrange for draw of lots for the distribution of flats
in presence of representative of registrar. And
video shooting of the complete process will be
made
THANK YOU
WINDSOR SHELTERS