Redevelopment of housing society involves the reconstruction of an old building through the demolition of the existing structure and the construction of a new, modern building.
Many housing societies constructed 25 to 40 years ago often face persistent issues such as leakages and frequent repairs. While external repairs may address superficial problems, internal strengthening is often inadequate. Additionally, older societies typically lack essential amenities like lifts and adequate parking facilities.
In such circumstances, Redevelopment is the optimal solution for old housing societies. It allows for the reconstruction of old properties, offering members additional free area and modern amenities such as proper parking spaces, lifts, solar systems, power backup, well-planned common areas, and earthquake-resistant structures. While the maintenance costs of new buildings may increase, these are offset by the additional corpus provided by the prospective developer and contributions from new incoming members.
A redevelopment project creates a win-win situation for both developers and society members. Members benefit from the appreciation of their property values and gain access to high-quality, comfortable homes under attractive terms. Developers, in turn, seize opportunities in prime locations for their valuable projects and can also offload excess units in the open market.
With the latest UDCPR regulations, ample FSI (Floor Space Index) is now available for redevelopment, leading to widespread development across the city. Previously, redevelopment was limited to premium locations, but now even areas with average selling rates are seeing significant redevelopment activity.
While redevelopment offers significant benefits, it also comes with challenges, such as the extended duration of the process and frequent coordination issues among society members. Bringing a redevelopment project to fruition requires considerable effort. Major obstacles include a lack of knowledge about redevelopment rules in Pune, inadequate awareness of the Procedure for Redevelopment of Housing Society, and challenges in coordinating among society members. Additionally, society members often rely too heavily on builders or developers without fully understanding the process as a business venture. This lack of understanding and failure to engage professional redevelopment consultants in Pune for proper guidance in redevelopment process.
When the process starts every member has lot of questions and they are not fully aware about the legal formalities in redevelopment and technical guidance in redevelopment. Hence society land up either delaying the projects or held in legal complications in redevelopment.
Government has laid down proper process for Redevelopment and it is mandatory to appoint project Management Consultant for a redevelopment of housing Society under Section 79 (A) of Maharashtra Co-operative Societies Act 1960. It is applicable to all the Co-operative Housing Societies in the State of Maharashtra. It was a response of from Govt. against increasing long pending Court Matters of Societies going for redevelopment without PMC.
After investing huge time in redevelopment we have initiated hassle-free redevelopment process. Sadhya Consultancy is an association of experienced Advocates, Architects, and Liaisoning professional’s structural consultant, Civil Engineers and Chartered Accountants. We are here to provide you end to end solutions in redevelopment of housing society.
Why Choose Sadhya Consultancy?
1) Commercial Legal, Technical and Liaisoning support under one roof. (Dy. Registrar Co – OP, Pune Corporation, revenue dept, City Survey liaison and Sourcing of documents).
2) Flexibility to Hire specialize Consultants as per requirements.
3) Appointing Project Management Consultancy is mandatory as per Sec 79 A for Redevelopment of Co-Op housing Society.
4) Wide span of consultancy, consisting from first meeting to Handover of new flats to the members.
5) Expert Advocate in Pune carrying 16 to 20 years of experience in co-operative and property legal consultation.
6) Expert Architect in Pune having 25 years of Experience specialist in liaisoing with PMC.
7) We have established a redevelopment process that adheres strictly to legal directives, designed to help members clearly understand the procedures for redeveloping a housing society. Our commitment to transparency ensures that all members are fully informed and confident throughout the process.
8) Effective coordination, tracking, and unified leadership are crucial to any project’s success. At Sadhya Consultancy, our CEO personally oversees the coordination between society members, architects, advocates, and prospective developers to ensure that all aspects of the project are aligned and efficiently managed.
9) CEO serves as the single point of contact for society members, leveraging his 14 years of redevelopment experience to provide seamless and effective communication throughout the project.
Important steps in Redevelopment of Housing Society :
- Conducting Redevelopment Process Orientation meeting and explain
- Documents required for redevelopment and compliance with Co-operative department for Redevelopment.
- Preparing Feasibility report for Redevelopment which reveals genuine potential of your Property.
- Preparing Tender for Redevelopment considering legal technical aspects for Redevelopment by synchronizing Members Expectations and feasibility. exploring required Bank guarantee in redevelopment , rent, Corpus, amenity and specifications.
- Inviting tenders for redevelopment from reputed and suitable developers
- Preparing Stringent Transparent comparative statement of Tender in redevelopment. Scrutiny of developer financial strength, reputation and past performance.
- Coordination and conducting in camera Special General Body Meeting for selection of developer in redevelopment in presence of deputed officer from Register Co–Op Dept.
- Scrutiny of Legal Documentation like MOU, Redevelopment Agreement and Power of Attorney , Bank Guarantee draft, Rent Agreement, Flat Allotment Agreements etc.
- Scrutiny of plans provided by Developers before PMC Sanction.
- Checking various compliance from Developer before Vacating in redevelopment.
- Redevelopment Execution Monitoring by arranging site visits of Architect/ Civil Engineer.
- Checking Completion and Handover by developer.
Essential criteria for Redevelopment of Housing Society.
1) Conveyance Deed in the name of Society.
2) Name of the Society added on Property Card.
3) Structural audit report
Documents for Feasibility for Redevelopment (Download Pdf)
- Latest Property card
- Latest Extract of 7/12
- Copy of old PMC approved plans
- List of members with their respective carpet areas.
Documents Form Society for Redevelopment Agreement (Download Pdf)
- List of Registered Owners Name Address, PAN card Copy, Latest
Photograph. - Conveyance Deed/Sale Deed/Deed of Declaration
- Society Registration Certificate.
- Building Completion Certificate
- Layout Copy
- Copy of Resolution by society members for redevelopment
- Copy of Resolution by society members for redevelopment Committee
- Copy of Resolution by society members Finalizing Developer
- Documents/Deeds/Agreements etc. whatsoever in nature related to the
society’s plot - Title Search Report of the Property and Title Certificate
- Index II
- N. A. Order
- Commencement Certificate
- Completion Certificate
- Demarcation Certificate
- Site Plan
- D.P remark
2.Individual Documents from Members before Development Agreement
- Purchase Agreement from Builder / previous Owner copy.
- Flat Mortgage details if any with Documents.
- Latest MSEB Bill Copy
- Latest Municipal Tax Receipt
- Share Certificate copy