Self Redevelopment and Development Model
We at Urbano Acumen – Project Management Consultancy (UA-PMC)- provides vital support to housing societies during self-redevelopment, guiding them through the entire process from initial feasibility to project completion. Key support areas include conducting feasibility studies, managing finances, overseeing construction, and ensuring legal and regulatory compliance .
Here’s a detailed breakdown of the UA -PMC’s role:
1. Feasibility and Planning:
Feasibility Study:
We conduct thorough assessments to determine if the redevelopment is viable, considering factors like financial viability, structural condition of the existing building, and potential returns.
Project Planning:
We develop comprehensive project plans, including financial models, construction timelines, and resource allocation.
Expert Hiring:
We assist in selecting and appointing other necessary experts like architects, legal advisors, and contractors. We have team of experts inhouse performing same jobs for other clients.
2. Approvals and Legal Compliance:
Document Verification:
We help societies gather necessary property documents and ensure they have a conveyance deed.
Approvals:
We guide the society through the process of obtaining approvals from relevant authorities like the Municipal Corporation and MahaRERA.
Compliance:
We ensure all legal and regulatory requirements are met throughout the project lifecycle.
3. Financial Management:
Loan Applications: We assist in preparing loan applications for redevelopment, often from MHADA or co-operative banks.
Fund Management: We help manage the society’s funds, including contributions from members and loan disbursements.
Cost Control: We monitor project costs and ensure adherence to the approved budget.
4. Construction Management:
Tendering and Contractor Selection:
We manage the tendering process, invite bids, and help the society select the most qualified and cost-effective contractor.
Construction Supervision:
We monitor / supervise the construction process, ensuring quality, adherence to timelines, and safety standards.
Quality Control:
We implement quality control measures throughout the construction phase.
Communication:
We maintain clear and transparent communication with the society members throughout the project.
5. Post-Construction:
Final Handover:
We assist with the final handover of the newly constructed building to the society.
Sale of Extra Flats:
We manage the sale of any additional flats generated during redevelopment to help repay the loan.