1. REDEVELOPMENT

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3. 2. DOCUMENTS FOR REDEVELOPEMENT
TENDER
LETTER OF INTEREST
APPOINTMENT LETTER
MEMORANDUM OF
UNDERSTANDING (MOU)

4. 2. DOCUMENTS FOR REDEVELOPEMENT
AGREEMENT (DEVELOPMENT)
POWER OF ATTORNEY
CONSENT LETTER
PERMANENT ALTERNATIVE ACCOMODATION AGREEMENT

5. 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

6. 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.

7. 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

8. 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

9. 5. LETTER OF INTEND
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

10. 5. 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

11. 6. APPOINTMENT LETTER
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

12. 6. APPOINTMENT LETTER
Invite Officer of Deputy Registrar, officer of Interested Builder/Developers.
Letter to Builder on confirmation
Appointment Letter

13. 7. MEMORANDUM OF UNDERSTANDING
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,

14. 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

15. 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

16. 7. MEMORANDUM OF UNDERSTANDING
Restrict from transfer of redevelopment project
Dispute, difference to be settled by Arbitrator clause
Jurisdiction-Mumbai,

17. 8. DEVELOPMENT AGREEMENT
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.

18. 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.

19. 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

20. 9. 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

21. 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

22. 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,

23. 9. DEVELOPMENT AGREEMENT
Penalty Clauses for any violation of terms and conditions of RD agreement Reduction in area, quality of construction, and amenities etc.,

24. 10. 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

25. 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.

26. 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

27. 11. BANK Guarantee 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

28. Stamp duty payable on documents of Redevelopment
Development 5%
Power of Attorney Rs.100/-
M.O.U Rs.100/-
Consent Rs.100/-
Withdrawal of Consent Rs. 100/-
Alternative for additional and extra area and const cost for old area.

29. PRAMOD KUMAR & ASSOCIATION A/28, 2ND FLOOR, DATTANI CENTRE, ABOVE SANDEEP HOTEL OPP. KANDIVALI RLY STAN. (EAST), Mumbai – Presented By : PRAMOD KUMAR VACHHETA Advocate High Court, Mumbai Mobile No Tel Nos : /99