Residential redevelopment refers to the process of revitalizing or renovating existing residential properties
Commercial redevelopment refers to the process of revitalizing or renovating existing commercial properties
Industrial redevelopment refers to the process of repurposing or revitalizing industrial properties
Why Houzer-SP?
PMC must have in-depth knowledge of project cash flows. Only then it is possible to
monitor the project and the developer. Though RERA protects us from misuse of
funds, it is not completely water-tight.
PMC must ideally also have the added strength of getting funds from financial
institutions so that the project does not get stuck at any point.
Sale of flats
If the PMC has a research team that has an in-depth knowledge of market
competition, market absorption, and requirement of market configuration it will only
fortify the need for the timely adaptations that are required during the life cycle of the
project so that the sales flow is constant and in alignment with the cash flow
requirements.
Since the project is of a long duration, usually 3 to 5 years of average life cycle, it is also important that there is a
comfort, trust and smoothness in the relationship between between the Society committee members and the
PMC, as they have to move shoulder to shoulder through out the project
These are some very important points often missed while selecting of PMC often missed while selecting the
• Obtaining, scrutinizing relevant ownership documents, approved plans, etc.
• Assessment of the above and preparation of PROJECT FEASIBILITY REPORT (PFR), consisting of development area available, financial aspects for the benefit of the society.
• Preparing suitable “road map”/bid documents as per prevalent guidelines, specifications and tender documents for the bids to be called by the society.
Upon receipt of bids from the society, scrutinizing them on common platform, keeping the society’s interests
as primary issue.
Preparing “Comparison Statement”, mentioning each of the bids received, based on criteria like,
• Reputation of the bidder
• Past track record of similar works.
• Organizational set-up.
• Financial capabilities
• Bank references
• Overall rationality
After due deliberations with the Committee of the Society about the above, presenting the same in more
elaborate way to the “SPECIAL GENERAL BODY” for the final approval in selecting the Developer.
• Coordinating with the Architects and Team of the Developer in all aspects like, planning, designing,
specifications, list of amenities, value-added items, etc., to see that things work the best in favour of the
society.
• Coordinating in preparation of necessary legal documents between the Developer and the Society.
• As per scheme of supervision attached herewith, thorough watch on quality is kept, maintaining various check-lists, test reports, concrete pour slips, so on and so forth. Detailed Monthly Report is submitted to the society with all documents and records. At the time of final possession, each and every unit is inspected to see that work is completed to the satisfaction of the unit owner.
Stringent check will be kept on the following –
• Completion certificate
• Occupation Certificate.
• Drainage and waste water connections / levels
• Formation of society along with the new members, keeping interest of original members towards
Corpus Fund
Best Services And Optimum Results In Given Time Frame .