MAHARASHTRA SOCIETIES WELFARE ASSOCIATION
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2. DOCUMENTS FOR REDEVELOPEMENT2. DOCUMENTS FOR REDEVELOPEMENT
• TENDER
• LETTER OF INTEREST
• APPOINTMENT LETTER
• MEMORANDUM OF UNDERSTANDING (MOU)
• TENDER
• LETTER OF INTEREST
• APPOINTMENT LETTER
• MEMORANDUM OF UNDERSTANDING (MOU)
2. DOCUMENTS FOR REDEVELOPEMENT2. DOCUMENTS FOR REDEVELOPEMENT
• AGREEMENT (DEVELOPMENT)
• POWER OF ATTORNEY
• CONSENT LETTER
• PERMANENT ALTERNATIVE ACCOMODATION AGREEMENT
• AGREEMENT (DEVELOPMENT)
• POWER OF ATTORNEY
• CONSENT LETTER
• PERMANENT ALTERNATIVE ACCOMODATION AGREEMENT
3. DOCUMENT FOR REDEVELOPMENT
• Agreement for temporary Accommodation(LL)
• Bank Guarantee
• Agreement for Permanent Alternative Accommodation (APAA)
• Possession Letter in favour of Society and Developers
• Agreement for temporary Accommodation(LL)
• Bank Guarantee
• Agreement for Permanent Alternative Accommodation (APAA)
• Possession Letter in favour of Society and Developers
3. DOCUMENT FOR REDEVELOPMENT
• Construction Completion Certificate for Members/society Building (O.C)
• Revocation of Bank Guarantee
• Termination of Development Rights,
• Re- conveyance in favour of Owner Society.
• Construction Completion Certificate for Members/society Building (O.C)
• Revocation of Bank Guarantee
• Termination of Development Rights,
• Re- conveyance in favour of Owner Society.
4. TENDER• Architect/PMC has to prepare
the Draft TENDER Document
• Obtain the General Body Approval
• Passed the appropriate Resolution
• Fixed the date, time, tender money, Security
• Must carry the IMP details of Feasibility Report
• Architect/PMC has to prepare the Draft TENDER Document
• Obtain the General Body Approval
• Passed the appropriate Resolution
• Fixed the date, time, tender money, Security
• Must carry the IMP details of Feasibility Report
4. TENDER
• Fixed –benefit in terms of Aare and/or Corpus Fund
• Bank Guarantee as per Expected project cost
• Benefit/s, Mention the out put of the Property of society Land
• Fixed –benefit in terms of Aare and/or Corpus Fund
• Bank Guarantee as per Expected project cost
• Benefit/s, Mention the out put of the Property of society Land
• The Individual and Business details of the interested Builder/Developer
• The financial Credibility
• The Last TEN/Fifteen year performance in the construction Business
• Redevelop project completed, New Building Construction Completed
• The Individual and Business details of the interested Builder/Developer
• The financial Credibility
• The Last TEN/Fifteen year performance in the construction Business
• Redevelop project completed, New Building Construction Completed
5. LETTER OF INTEND5. LETTER OF INTEND
• Number of Professional, employees associated with him in the RD
• Details of cases pending in court’s
• Number of Cheque/s Dishonored during the process of RD
• Certificate form Society on completion of RD
• Contact Number, Name, Address of References
• Number of Professional, employees associated with him in the RD
• Details of cases pending in court’s
• Number of Cheque/s Dishonored during the process of RD
• Certificate form Society on completion of RD
• Contact Number, Name, Address of References
5. LETTER OF INTEND5. LETTER OF INTEND
• Compare the offer/s received from various interested Builder/Developers
• Comparative Chart from received offer/s of at list five Builder /Developers
• SGM with Video Recording to finalize Best Offer
• Appointment of Builder/Developer
• Compare the offer/s received from various interested Builder/Developers
• Comparative Chart from received offer/s of at list five Builder /Developers
• SGM with Video Recording to finalize Best Offer
• Appointment of Builder/Developer
6. APPOINTMENT LETTER
• Invite Officer of Deputy Registrar, officer of Interested Builder/Developers.
• Letter to Builder on confirmation
• Appointment Letter
• Invite Officer of Deputy Registrar, officer of Interested Builder/Developers.
• Letter to Builder on confirmation
• Appointment Letter
6. APPOINTMENT LETTER
• Two / Tri-party Agreement with Society, Members and Developer.
• Execute on Stamp paper of Rs. 100/-
• Registered under the IRAct,1908
• The Terms and condition with prior approval of GB
• Tenor of MOU,
7. MEMORANDUM OF UNDERSTANDING
• Fixed and Cash Benefit as per tender document
• Proposed Building Plan• Bank Guarantee Not less
than 5 BG• BG without NOC of
Society can not be Invoke• Duration for Execution of
Development Agreement
7. MEMORANDUM OF UNDERSTANDING
• Period to obtain the statutory permission, IOD, other permission
• Plan to be put up with the approval of GB
• Verify the Submitted plain from PMC/Architect
• No change, amendment in approved plan without prior consent of society GB
7. MEMORANDUM OF UNDERSTANDING
Restrict from transfer of redevelopment project
• Dispute, difference to be settled by Arbitrator clause
• Jurisdiction-Mumbai,
7. MEMORANDUM OF UNDERSTANDING
• Two / Tri-party Agreement with Society, Members and Developer.
• Pay 5% Stamp duty as per Adjudication by Coll. Of Stamp under the Bombay Stamp Act 1958.
• Registered u/s. 17 of the IRAct,1908
• Recital must carry the complete information of the owner and the land descriptions.
• Two / Tri-party Agreement with Society, Members and Developer.
• Pay 5% Stamp duty as per Adjudication by Coll. Of Stamp under the Bombay Stamp Act 1958.
• Registered u/s. 17 of the IRAct,1908
• Recital must carry the complete information of the owner and the land descriptions.
8. DEVELOPMENT AGREEMENT
• Details of the property conveyance in favour of society,
• Govt. Records in favour of society
• The details of basic work done prior to finalizing the developer,
• Details of Resolution/s Passed in the AGM,SGM , in which various RD is taken as one of the Agenda.
• Details of the property conveyance in favour of society,
• Govt. Records in favour of society
• The details of basic work done prior to finalizing the developer,
• Details of Resolution/s Passed in the AGM,SGM , in which various RD is taken as one of the Agenda.
8. DEVELOPMENT AGREEMENT
• The Terms and condition with prior approval of GB
• Details of executed MOU., • Time to time Letter,
Document Submitted at Dy. Registrar office
• The Terms and condition with prior approval of GB
• Details of executed MOU., • Time to time Letter,
Document Submitted at Dy. Registrar office
8. DEVELOPMENT AGREEMENT
• Fixed and Cash Benefit as per tendor Document and MOU
• Proposed Building Plan• Bank Guarantee• Income Tax and other tax
on corpus/ other benefit.• Duration to obtain the
statutory permission, IOD, other permission
• Fixed and Cash Benefit as per tendor Document and MOU
• Proposed Building Plan• Bank Guarantee• Income Tax and other tax
on corpus/ other benefit.• Duration to obtain the
statutory permission, IOD, other permission
9. DEVELOPMENT AGREEMENT
• Restrict from transfer of redevelopment project
• Dispute, difference to be settled by Arbitrator clause
• Jurisdiction-Mumbai, • Plan to be put up with the
approval of GB• Verify the Submitted plain
from PMC/Architect• Restrictions clause
amendment in approved plan
• Restrict from transfer of redevelopment project
• Dispute, difference to be settled by Arbitrator clause
• Jurisdiction-Mumbai, • Plan to be put up with the
approval of GB• Verify the Submitted plain
from PMC/Architect• Restrictions clause
amendment in approved plan
9. DEVELOPMENT AGREEMENT
without prior consent of society GB.
• Jurisdiction, Dispute, Possession from member
• Begin the Redevelopment on Last person vacating the premises
• Rent for delay period,
without prior consent of society GB.
• Jurisdiction, Dispute, Possession from member
• Begin the Redevelopment on Last person vacating the premises
• Rent for delay period,
9. DEVELOPMENT AGREEMENT
• Penalty Clauses for any violation of terms and conditions of RD agreement Reduction in area, quality of construction, and amenities etc.,
• Penalty Clauses for any violation of terms and conditions of RD agreement Reduction in area, quality of construction, and amenities etc.,
9. DEVELOPMENT AGREEMENT
• Any dispute between the society and member should be protected
• 100% vacant possession to be handed over on obtaining IOD
• TDR,FSI benefit and future FSI,TDR shall be restricted
• Any dispute between the society and member should be protected
• 100% vacant possession to be handed over on obtaining IOD
• TDR,FSI benefit and future FSI,TDR shall be restricted
10. DEVELOPMENT AGREEMENT
• Date of Completion of project i.e 24 month, maximum 36 month
• Penalty clause due to Delay in RD project other than natural Calamities
• Penalty must be on per day delay other than Bank Guarantee
• DA must mentioned the professionals viz.
• Date of Completion of project i.e 24 month, maximum 36 month
• Penalty clause due to Delay in RD project other than natural Calamities
• Penalty must be on per day delay other than Bank Guarantee
• DA must mentioned the professionals viz.
10. DEVELOPMENT AGREEMENT
• Advocate/ Solicitor, Architect, PMC information and their fees payable by.
• Retain Bank Guarantee till the O.C
• Retain BG first monsoon of society building
• Termination of DA• Conveyance in favour of
RD
• Advocate/ Solicitor, Architect, PMC information and their fees payable by.
• Retain Bank Guarantee till the O.C
• Retain BG first monsoon of society building
• Termination of DA• Conveyance in favour of
RD
10. DEVELOPMENT AGREEMENT
• Nationalized Bank• Not Less then 20% of
Cost of Construction• Not Less than Five BG• Any defect in
constructed Bldg • Fixed Time Limit to
Complete Construction/RD
• Invoke as per stage • Retain last BG upto OC
and 1st Monsoon
11. BANK Guarantee11. BANK Guarantee
Stamp duty payable on documents of Redevelopment
Development Agreement @ 5%
Power of Attorney Rs.100/-
M.O.U Rs.100/-
Consent Rs.100/-
Withdrawal of ConsentRs. 100/-
Alternative Accommodation@5% for additional and extra area and const cost for old area.
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