Redevelopment offers multiple benefits:

• A brand-new, structurally sound building
• Increased carpet area for members
• Upgraded amenities (e.g., elevators, CCTV, parking)
• Better resale value of flats
• Corpus fund or monetary compensation
  Compliance with new safety and environmental standards

To begin the redevelopment process, the society must have:

• Conveyance Deed in favor of the society
• Property Card 7/12 Extract
  Additional documents required later include:
• Building plans
• Sanction letters
• Completion certificate (from original structure)

Redevelopment generally follows these stages:

1. Feasibility Study
2. Appointment of Architect/Legal Advisor
3. Tendering and Developer Selection (79A process)
4. Agreement Drafting and Approvals
5. Member Relocation and Demolition
6. Construction and Monitoring
7. Possession and Handover
8. Final conveyance and registration of new building

A PMC acts as a trusted advisor, helping the society through:

• Feasibility reports
• Developer shortlisting
• Legal and technical due diligence
• Agreement vetting
• Construction monitoring
• Ensuring compliance and smooth execution
• They ensure transparency and protect the society’s interests.

Yes. While 30 years is a common benchmark, redevelopment is possible earlier based on:

• Structural audit results
• Potential FSI gains
• Member consensus
• Municipal permissions

Under Maharashtra Co-operative Societies Act, 79(A) mandates:

• Public tendering of redevelopment offers
• Fair and transparent selection of developer
• Majority consent (typically 51% of members)
• Supervision by the Registrar for transparency

In the DM Model:

• The society acts as the developer
• All approvals and ownership remain with the society
• A Development Manager (like SCSPL) manages the entire project
• Societies retain full control while accessing professional expertise and execution

GST applicability is complex. As of now:

• 18% GST is applicable on the construction cost, but not on land value
• In many cases, members receiving flats free of cost may be exempt
  We recommend expert legal/financial consultation before finalizing agreements.

While it offers greater benefits, risks include:

• Fund mismanagement
• Delays due to lack of coordination
• Legal or regulatory non-compliance
  Hiring experienced consultants and PMC can mitigate these risks significantly.

• Mumbai District Central Co-operative Bank offers limited loans
• Members may contribute initially
• Pre-sales of surplus flats may fund part of the project
• Financial planning with PMC ensures smoother execution

• Conduct thorough legal and financial due diligence
• Verify past projects of the developer
• Ensure clarity on area, timelines, rent, corpus, and specifications
• Include penalty clauses for delay
• Get the agreement vetted by legal experts

No. Once 51% or more members give written consent and the due process is followed, minority opposition cannot halt the process. Transparency and proper documentation are key.