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ü Collect the details and required documents from the society - define details and list down required documents for each categories ü Make a feasibility report. ü LOI (letter of Interest) is given to society. Make format of the same with various options ü Further details are asked like Legal etc. - specifics ü Once Developer is satisfied an offer is given to the society & Negotiation take place. ü Architectural presentations are given and sites visit arranged.
Further procedure is as follows: Ø Society resolution deciding redevelopment of the Society and further accepting the developer or its subsidiary Company to be the Developer. - draft resolution if available Ø The signing of the Development agreement, the Power Of Attorney and the letter of Consent by each of the member in favour of the Developer / subsidiary company. - draft format Ø Plans will be submitted by the developer to the members and signatures obtained on them after members ascertaining their carpet areas. Both signatories' developer and members to sign and freezing of plans. Ø 1st installment of Corpus/Hardship Compensation (termed 'hardship' to avoid capital gain tax) to be released as per offer, normally on the execution of the registered documents. Ø Passing of plans from MCGM, paying of relevant premiums and requisite fees to obtain IOD. Ø 1st installment for alternate accommodation and notice to vacate, where required. Ø Signing of tri partite ownership flat agreement between. Members/society/developers and payment of Stamp Duty/Registration for additional area. Ø Handing over of members flats to the developer for demolishing, where required. Ø 2nd installment of Corpus / hardship compensation to be released on members vacating and handing over the possession of the flats for further demolition. Ø Demolition of the building where required. - for all above points upto this point make efficient timelines without budgeting inefficiency Ø Obtaining Commencement Certificate after the demolition is completed. Ø Beginning of construction. Ø Payment of 2nd installment for Alternate Accommodation(as per offer) Ø Completion of construction and handing over the ownership flat to members with all the amenities. Ø Balance compensation. Ø Admitting new members to the society. Ø Balance compensation to the society to bring them in par with the existing members.
What else can I help you with?
How far can religion control society?
Religion is a very important and integral part of Society. Without religion there is no Society
What is the primary goal of sociology?
The primary goal of a society, of any individual society, is to sustain that society. No society exists in order that it may eradicate itself or purposefully allow itself to be destroyed. If the society does not try to perpetuate itself and continue to exist, nothing else that makes the society important to its citizens - its members - can be accomplished.
What is the other name of sociology?
a human society may be distinguished from animal society by its
What somthing that every society has?
Every society has social norms and customs, a system of governance, and a form of communication. These elements are the foundation of the functioning of a society.
What is the opposite of contemporary society?
The opposite of contemporary society would be a traditional or ancient society that does not embrace modern advancements, technologies, or cultural norms.
When was Boston Redevelopment Authority created?
Boston Redevelopment Authority was created in 1957.
When was Urban Redevelopment Authority created?
Urban Redevelopment Authority was created in 1974.
When was Niagara Falls Redevelopment created?
Niagara Falls Redevelopment was created in 1997.
How can urban redevelopment projects improve socio-economic conditions?
It can improve housing and the unemployment rate can fall. also the society would be much happier
When was Las Vegas Redevelopment Agency created?
Las Vegas Redevelopment Agency was created in 1986.
A Kennedy program aimed at helping the poor was?
The Area Redevelopment Act was aimed at helping the poor.
What is the full term of IOD in redevelopment of old building?
The full term of IOD in the context of the redevelopment of old buildings is "Intimation of Disapproval." It is a crucial document issued by municipal authorities in India, indicating that a proposed redevelopment plan does not comply with existing regulations or zoning laws. Obtaining an IOD is an essential step for developers before proceeding with the redevelopment process.
What are the advantages of comprehensive redevelopment?
Ask your mother
Where is the Gateway Redevelopment Group in Davenport Iowa located?
The address of the Gateway Redevelopment Group is: 519 W 8Th St, Davenport, IA 52803-5005
Why pyrmont has been chosen for redevelopment?
because because because
What is inner city redevelopment?
i thihnk that this is a rather perculiar question
What alternative word to use for restructuring of urban space?
Redevelopment
