REDEVELOPMENT

MAHARASHTRA SOCIETIES WELFARE ASSOCIATIONWEL- COMES YOU

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2. DOCUMENTS FOR REDEVELOPEMENT TENDER

LETTER OF INTEREST

APPOINTMENT LETTER

MEMORANDUM OF UNDERSTANDING (MOU)

2. DOCUMENTS FOR REDEVELOPEMENTAGREEMENT (DEVELOPMENT)

POWER OF ATTORNEY

CONSENT LETTER

PERMANENT ALTERNATIVE ACCOMODATION AGREEMENT

Agreement for temporary Accommodation(LL)

Bank Guarantee

Agreement for Permanent Alternative Accommodation (APAA)

Possession Letter in favour of Society and Developers

Construction Completion Certificate for Members/society Building (O.C)

Revocation of Bank Guarantee

Termination of Development Rights,

Re- conveyance in favour of Owner Society.

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

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 Completed5. LETTER OF INTEND

Number of Professional, employees associated with him in the RD

Details of cases pending in courts

Number of Cheque/s Dishonored during the process of RD

Certificate form Society on completion of RDContact Number, Name, Address of References5. 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

Invite Officer of Deputy Registrar, officer of Interested Builder/Developers.

Letter to Builder on confirmation

Appointment Letter

Two / Tri-party Agreement with Society, Members and Developer.Execute on Stamp paper of Rs. 100/-Registered under the IRAct,1908The Terms and condition with prior approval of GBTenor of MOU,

Fixed and Cash Benefit as per tender documentProposed Building PlanBank Guarantee Not less than 5 BGBG without NOC of Society can not be Invoke Duration for Execution of Development Agreement

Period to obtain the statutory permission, IOD, other permissionPlan to be put up with the approval of GBVerify the Submitted plain from PMC/ArchitectNo change, amendment in approved plan without prior consent of society GB

Restrict from transfer of redevelopment project Dispute, difference to be settled by Arbitrator clauseJurisdiction-Mumbai,

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,1908Recital must carry the complete information of the owner and the land descriptions.

Details of the property conveyance in favour of society,Govt. Records in favour of societyThe 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.

The Terms and condition with prior approval of GBDetails of executed MOU., Time to time Letter, Document Submitted at Dy. Registrar office

Fixed and Cash Benefit as per tendor Document and MOUProposed Building PlanBank GuaranteeIncome Tax and other tax on corpus/ other benefit.Duration to obtain the statutory permission, IOD, other permission

Restrict from transfer of redevelopment project Dispute, difference to be settled by Arbitrator clauseJurisdiction-Mumbai, Plan to be put up with the approval of GBVerify the Submitted plain from PMC/ArchitectRestrictions clause amendment in approved plan

without prior consent of society GB.

Jurisdiction, Dispute, Possession from member

Begin the Redevelopment on Last person vacating the premisesRent for delay period,

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

Any dispute between the society and member should be protected 100% vacant possession to be handed over on obtaining IODTDR,FSI benefit and future FSI,TDR shall be restricted

Date of Completion of project i.e 24 month, maximum 36 monthPenalty clause due to Delay in RD project other than natural CalamitiesPenalty must be on per day delay other than Bank GuaranteeDA must mentioned the professionals viz.

Advocate/ Solicitor, Architect, PMC information and their fees payable by.Retain Bank Guarantee till the O.C Retain BG first monsoon of society buildingTermination of DAConveyance in favour of RD

Nationalized BankNot Less then 20% of Cost of ConstructionNot Less than Five BGAny 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 Guarantee

Stamp duty payable on documents of RedevelopmentDevelopment Agreement@ 5%

Power of AttorneyRs.100/-

M.O.URs.100/-

Consent Rs.100/-

Withdrawal of ConsentRs. 100/-

Alternative Accommodation@5% for additional and extra area and const cost for old area.

PRAMOD KUMAR & ASSOCIATIONA/28, 2ND FLOOR, DATTANI CENTRE, ABOVE SANDEEP HOTELOPP. KANDIVALI RLY STAN. (EAST), Mumbai 400 101

Presented By : PRAMOD KUMAR VACHHETA Advocate High Court, Mumbai Mobile No. 9224768008Tel Nos : 022-28861466/99

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