{"id":1755,"date":"2019-10-14T13:23:15","date_gmt":"2019-10-14T13:23:15","guid":{"rendered":"https:\/\/www.pranavconstructions.com\/blog\/?p=1755"},"modified":"2021-10-14T11:50:14","modified_gmt":"2021-10-14T11:50:14","slug":"how-to-choose-redeveloper","status":"publish","type":"post","link":"https:\/\/www.pranavconstructions.com\/blog\/2019\/10\/14\/how-to-choose-redeveloper\/","title":{"rendered":"How to Choose Redeveloper?"},"content":{"rendered":"\n

Redevelopment<\/strong> is an attractive option for the housing societies in many of the dilapidated buildings and complexes that dot Mumbai. But once you\u2019ve decided to redevelop your property<\/a><\/strong>, how do you go about finding and picking a builder?<\/p>\n\n\n\n

Expert help<\/strong><\/p>\n\n\n\n

The society should appoint an expert to\nassist with the entire redevelopment process. Project management\nconsultants offer services that can be invaluable, starting with a\nfeasibility report and a tender document.<\/p>\n\n\n\n

The first step is to prepare a tender\ndocument, which lays out the details and the terms and conditions of\nthe project to be undertaken. This tender document then must be\npublished and circulated to prospective redevelopers.<\/p>\n\n\n\n

Assessing offers<\/strong><\/p>\n\n\n\n

Now comes the hard part. Once\ninterested builders have submitted a proposal for redevelopment, the\nhousing society needs to assess their offers and pick one. Two things\nneed to be taken into consideration: the benefits (financial or\notherwise) of the offer and the quality of the builder.<\/p>\n\n\n\n

An easy mistake to make is giving\nweight only to the financial aspects of the proposal\u2014e.g., the\nadded floor area on offer. However, the quality and reliability of\nthe redeveloper is far more important.<\/p>\n\n\n\n

Look for builders with a proven track record and a good brand. Start by visiting other housing societies that the builder has already worked on or redeveloped. Enquire about the quality of the work, whether the builder adhered to a schedule, and whether there were any legal issues or disputes. <\/p>\n\n\n\n

Legal agreements<\/strong><\/p>\n\n\n\n

Once you have identified a redeveloper,\nthe next step is drafting a development agreement. This document\nshould set down all the terms of the project: the carpet area that\nwill be delivered to residents, the timeline (usually two years, with\na grace period of six months), the compensation for rent\/temporary\naccommodation.<\/p>\n\n\n\n

Again, the aid of\na legal adviser or consultant can be invaluable in the vetting of all\nthe legal documents. In the end, being thorough and careful\nthroughout the process is the key to success.<\/p>\n","protected":false},"excerpt":{"rendered":"

Redevelopment is an attractive option for the housing societies in many of the dilapidated buildings and complexes that dot Mumbai. But once you\u2019ve decided to redevelop your property, how do you go about finding and picking a builder?<\/p>\n

Expert help<\/p>\n

The society should appoint an expert to
\nassist with the entire redevelopment process. Project management
\nconsultants offer services that can be invaluable, starting with a
\nfeasibility report and a tender document.<\/p>\n

The first step is to prepare a tender
\ndocument, which lays out the details and the terms and conditions of
\nthe project to be undertaken. This tender document then must be
\npublished and circulated to prospective redevelopers.<\/p>\n

Assessing offers<\/p>\n

Now comes the hard part. Once
\ninterested builders have submitted a proposal for redevelopment, the
\nhousing society needs to assess their offers and pick one. Two things
\nneed to be taken into consideration: the benefits (financial or
\notherwise) of the offer and the quality of the builder.<\/p>\n

An easy mistake to make is giving
\nweight only to the financial aspects of the proposal\u2014e.g., the
\nadded floor area on offer. However, the quality and reliability of
\nthe redeveloper is far more important.<\/p>\n

Look for builders with a proven track record and a good brand. Start by visiting other housing societies that the builder has already worked on or redeveloped. Enquire about the quality of the work, whether the builder adhered to a schedule, and whether there were any legal issues or disputes. <\/p>\n

Legal agreements<\/p>\n

Once you have identified a redeveloper,
\nthe next step is drafting a development agreement. This document
\nshould set down all the terms of the project: the carpet area that
\nwill be delivered to residents, the timeline (usually two years, with
\na grace period of six months), the compensation for rent\/temporary
\naccommodation.<\/p>\n

Again, the aid of
\na legal adviser or consultant can be invaluable in the vetting of all
\nthe legal documents. In the end, being thorough and careful
\nthroughout the process is the key to success.<\/p>\n","protected":false},"author":1,"featured_media":1756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[31],"tags":[39,37,38,35],"yoast_head":"\nHow to Choose Redeveloper? - PCPL Blog<\/title>\n<meta name=\"description\" content=\"There're so many redevelopment companies in the market but how to choose among them for your redevelopment project is depend on several points which you need to understand.\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pranavconstructions.com\/blog\/2019\/10\/14\/how-to-choose-redeveloper\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Choose Redeveloper? - PCPL Blog\" \/>\n<meta property=\"og:description\" content=\"There're so many redevelopment companies in the market but how to choose among them for your redevelopment project is depend on several points which you need to understand.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pranavconstructions.com\/blog\/2019\/10\/14\/how-to-choose-redeveloper\/\" \/>\n<meta property=\"og:site_name\" content=\"PCPL Blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-14T13:23:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-14T11:50:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pranavconstructions.com\/blog\/wp-content\/uploads\/2019\/10\/Redevelopers-In-Mumbai.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1816\" \/>\n\t<meta property=\"og:image:height\" content=\"974\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/posts\/1755"}],"collection":[{"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/comments?post=1755"}],"version-history":[{"count":1,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/posts\/1755\/revisions"}],"predecessor-version":[{"id":1757,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/posts\/1755\/revisions\/1757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/media\/1756"}],"wp:attachment":[{"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/media?parent=1755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/categories?post=1755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pranavconstructions.com\/blog\/wp-json\/wp\/v2\/tags?post=1755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}