From Daulat Baugh To Satguru Shlok

16 new builders had walked into our society with proposals of which 5 builders were narrowed down by committee members after going through their portfolios. The builders that have been narrowed down are Satgurus, Nagpal Developers, Parthesh builders, Man Global and Midcity group. There is a notice board in the society which is open everyday in the evening and society members are asked to study the proposals and the record of their performance about each of these builders before voting for the builder. There will be a presentation by the builders at a fixed venue to be decided upon and all the members will be asked to attend that meeting. After the presentation, the voting will take place which will be video-recorded and the final decision will be taken for the next action.

"Old housing societies hope to cash in on realty boom "More than 15 housing society redevelopment proposals, mainly in the suburbs, have come up in the past 3 weeks, and the sudden flurry, said a market source , is because residents want to take advantage of the current high property prices. " They do not want to miss the boat once again like they did before the crash in 2008. Housing societies feel this is the right time to redevelop their properties. Certainly, they are in a position in which they can dictate terms to the builders," said a source, who tracks redevelopment propasals in the city." The article mentions societies in Mulund(E), Jogeshwari(W), Kurla(E),Malad(W),Andheri(W),Ghatkopar(E),Borivali(W), Santa Cruz(W), Khar and Bandra who have recently invited proposals and our very own Doulat Baugh has been mentioned!! The term 'redevelopment race' has been rightly used and I ,for one, hope that our society wins this race.... with the bes

As of now, the process that we had gone through earlier to reach and select Satguru builders has been nullified. The society decided to go the legal way since some of the members were being irrational in their demands and society did not want any obstructions. So the process of planning for redevelopment had to start all over. Society now had its own advocate Mr Shetty, who will advice at every step and also has its own project manager Mr.Shinde, the architect. That done, society then inserted an ad in two local papers, (according to the law) in Hindusthan times and Free Press, inviting the developers to obtain a bid for redevelopment. They are expected to present their project and the feasibility report of the PMC, with a non refundable fee of Rs10,000 by cash or DD favoring the society. There was a good response and there were 16 developers who submitted their proposal in sealed envelops which will be opened in the presence of all society member during the next meeting. F

Following the legal way, according to 79(A) of the MCS Act 1960  clause 8 was followed. This scope of work initially for the architect/PMC shall be (a) to survey the land and building of the society (b) to get the details of the conveyance(c) to record the FSI of the plot available for the development and TDR/FSI that can be loaded taking into consideration the DC Regulations and other applicable law (d) to prepare workable/practical project report taking into consideration the recommendations/suggestions of the members, the areas of the new flats to be made available to the members, commercial area, vacant area, space for garden, parking, building specifications, etc. Within two months of date of appointment of the architect/PMC, his project report should be submitted to the committee. and the clause 15 The architect/PC should invite competitive bidding from reputed expert and experienced developers and at the time of floating members, either the carpet area or the corpus fund will

During the meeting this evening, this cutting from the paper was discussed in the meeting Cessed bldgs in island city to get 2.5 FSI Yogesh Naik TNN Mumbai: Cessed buildings in the island city falling under Class C (constructed after 1960) will get the benefit of 2.5 floor space index (FSI). There are 1,270 such buildings. The decision was taken at a meeting held by chief minister Ashok Chavan in Vidhan Bhavan on Thursday. The government will have to make amendments to the development control rules and the Mhada Act as well. There are 16,104 cessed buildings in Mumbai. Of these, 13,307 are in A category, 1,474 are in B category and 1,270 are in C category. At present, the old cessed buildings in category A get 2.5 FSI or they have to accommodate the old residents which form rehabilitation component and get incentives FSI ranging from 50% to 70% of the area rehabilitated, whichever is higher. In case of B Class buildings, the developer does not get much. He has to rehabili

Every society member has received the ‘Feasibility report of Redevelopment Work’ which is based on information stipulated in development control regulations of 1991. It contains the existing facts of the location of the building, area survey summary, and the development potential giving the all the details of each apartment. The development report of the redevelopment work has been prepared by ‘Cove” architect, Soumitra Shende, for various builders who would be interested in undertaking the proposed re-development project, jotting down the points to be considered while submitting their tenders. More details will be discussed during the meeting.

For those of you who are still wondering why the process is so slow, this is the gentle reminder that society want to proceed as per law “MCS ACT 1960” Today the point 4 was completed that required Five architects/PMCs that are either on the “Government Panel” or “Panel of the local authority” should be short-listed for preparing project report. The architect/PMCs should give quotations of their charges. Members can also suggest, at least eight days prior to the meeting, names) along with quotations of the architects/PMCs, as also suggestions, recommendations for the redevelopment. Society selected Mr. Sumitra Shinde (approved by BMC) whose quotation was approved being the lowest, to be paid in two installments, who will prepare the project report of the building plan. Next step is to put advertisement in the paper TIO for city builders to submit their tenders for re-development plan. Once more, the members of the society were reminded that only authorized members or associated