Monday, November 28, 2011

IOD And Maning

Incase you need consulting/assistance in your society redevelopment procedure do email us on landguruz@gmail.com or contact us on 9820202142
To avoid disaster in the process of redevelopment of hosing society in Mumbai interpretation of law is important
Today society are opting for redevelopment in which the builder provides them extra carpet and larger rooms by taking the benefits of FSI using TDR and construct additional residential and commercial and earn monetarily
Most important aspect arises at the time when existing building of the society is demolished on the basis of IOD (Intimation of Disapproval)
An IOD is issued based to developer after the redevelopment plans are submitted to the Building Proposal Department of BMC , The developer needs to comply with many requirements obtain various clearances from Environment Authorities, Tree Authorities, Fire Officer etc. Only after the clearances are obtained, the developer gets a commencement certificate (CC)
All these clearances are necessary before getting the cc and after getting the IOD
If the developer fails to get all these clearances the construction cannot commence
However it is seen that the buildings are demolished on the basis of IOD even when major clearances are not obtained.

Redevelopment in depth

Redevelopment Rules

An increase in Floor Space Index (FSI) and the ratio of permissible built up are to plot area and the ever increasing property prices are making developers approach residents asking for permission to demolish their old structure and put up a new building with more apartments for a big house and more money
There are some facts you definitely need to check before you put your society for Redevelopment with a developer
 Documents Required by the society : 
- Conveyance deed
- Society Registration Certificate
- General Body Resolution to go for redevelopment
- List of member with their respective carpet areas
- C.T.S. plan & property card for the plot.
- D.P. remarks, If the property is under TPS scheme then T.P. remarks
- Copy of municipal approval plans
Appointing a Redevelopment Project Management Consultant (PMC)
It’s very important for co-op housing society in Mumbai to appoint a redevelopment project management consultant (PMC) who will first prepare a feasibility report
Consultant is basically a team of Architects, Civil Engineers and Legal Advisors.
An Architect is required to prepare financial feasibility of project, Technical Analysis of offers of developers, verifications of building plans prepared by the developers, preparation of schedule of municipal process with developer
Choosing a developer / builder
The developer / builder should have strong cash surplus, otherwise the development of the new building could land up in a stop gap
STAGES OF REDEVELOPMENT in Mumbai
1. Offer letter to the society
2. Terms and conditions with the society
3. Agreement with the society
4. Sanction from MCGM in favor of the society
5. Loading of TDR in the society’s name
6. Obtaining the IOD
7. Shifting of the members
8. Demolition of the building
9. Obtaining the CC
10. Construction of the new building
11. Obtaining the OC
12. Shifting the old members

Thursday, November 3, 2011

Occupation Certificate

OCCUPATION CERTIFICATE




Construction of the building: The building construction work will began in full earnest as per the approved plans by the MCGM taking into consideration the various safety factors to be considered during the construction work. The quality and the amenities will be provided as per agreed terms and conditions and duty of Project management consultant to ensure the same.

Obtaining the OC: The last step before the construction work is termed as complete is obtaining the Occupation Certificate enabling the Developer to allot the occupation to the old as well as the new member.

Shifting the old members: On receipt of the Occupancy Certificate the Developer can lawfully allow the possession of the flats to be taken over by their owners.