Self-Redevelopment (Society as Developer)

High opportunity, high complexity—managed with expert end-to-end control. In this model, your Society takes the driver's seat. We act as your Project Manager plus Quasi-Developer to navigate the complexities and ensure the project doesn’t just start, but successfully finishes.

9 Simple Steps to Process

1. Complete Feasibility and Financial Structuring

Establishing a rock-solid financial foundation before the first brick is laid.

• Project Cost Estimation:

Detailed budgeting of construction, premiums, and soft costs.

• Revenue Projection:

Realistic forecasting of the sale component to ensure project viability and cost to society.

• Profitability Analysis:

Transparent working on the surplus benefits for the Society.

• Cash Flow Planning:

Ensuring liquidity is maintained at every stage of the project lifecycle.

2. Funding Arrangement

Securing the capital needed to fuel the development.

• Bank Loan Coordination:

Expert liaison with cooperative and nationalised banks for project finance.

• NBFC Funding:

Exploring flexible credit lines from Non-Banking Financial Companies.

• Government Schemes:

Tapping into applicable incentives or concessions for self-redeveloping societies.

• Escrow Structuring:

Setting up secure accounts to manage funds with total transparency.

3. Developer-Level Planning

Professional technical setup to mirror a top-tier developer’s efficiency.

• Expert Team Setup:

Coordinating the Architect, Structural, and MEP (Mechanical, Electrical, Plumbing) teams.

• Value Engineering:

Optimizing designs to reduce costs without compromising on quality.

• Saleable Area Maximization:

Ensuring the architectural plans unlock every inch of permissible space.

4. Sales and Marketing (Critical)

Building the brand that sells. Without this, self-redevelopment collapses.

• Project Branding:

Creating a premium identity for your new building to attract buyers.

• Sales Strategy:

Designing pricing models and inventory release plans.

• Channel Partner Network:

Engaging with top brokers and agencies to drive sales.

• Sample Flat Planning:

Showcasing the future lifestyle to secure early commitments.

5. Contractor Selection and Management

Hiring the right hands for the heavy lifting.

• Tender for Contractors:

Inviting and vetting experienced civil contractors.

• Rate Negotiation:

Leveraging market expertise to get the best value for every contract.

• Work Order Structuring:

Drafting precise contracts that protect the Society from cost overruns.

6. Execution Control

On-site discipline to keep the project on track.

• Daily Site Monitoring:

Constant supervision to ensure construction meets design specs.

• Cost Control:

Strict adherence to the budget to prevent financial leakages.

• Billing Verification:

In depth checking of contractor bills against actual work done.

7. Compliance and Risk

Keeping the project legally and regulatorily bulletproof.

• RERA Registration:

Managing the registration process with the Society as Promoter.

• Legal Compliance:

Ensuring all statutory dues and local body rules are met.

• Insurance:

Securing the project against unforeseen construction or liability risks.

8. Revenue Management

Managing the intake to ensure financial health.

• Sales Collection Tracking:

Monitoring payments from new buyers to keep the cash flowing.

• Loan Repayment Structuring:

Managing the debt schedule to reduce interest burdens.

• Profit Distribution:

Ensuring the final surplus is distributed or utilized as per Society resolution.

9. Exit Strategy

Closing the project with a clean finish.

• Unsold Inventory Plan:

Strategies to liquidate any remaining units post-construction.

• Society Financial Closure:

Final auditing and closing of project accounts for a fresh start.