This is the Third Phase of a Redevelopment Project.

It starts when the Society issues a Letter of Intent to the Selected Developer and ends when a Commencement Certificate (Construction Permits) is obtained by the Developer (after the existing buildings are vacated and demolished). This Phase consists of four stages, many activities from which can be undertaken parallelly and simultaneously. This phase may take about 11 months.

Stage 1: Preparations:

Active Agencies: MC, Soc LA, Dev, PMC

Period: 1 month

SGBMs: None

Milestones: Issue LOI to Selected Dev

Project Records:

Letter of Intent

Letter of Acceptance of LOI

Lists of Internal, Common & Built Amenities

Some initial activities from Stage 2 and Stage 3 of this Phase can also be undertaken parallelly and simultaneously with this Stage.


Stage 2: Legal Documentation:

Active Agencies: MC, Soc LA, Dev LA, Dev, PMC

Period: 3 months

SGBMs: 1

Milestones: Execute and Register DA

Project Records:

Legal Title Certificate for Plot

Development Agreement (Registered)

Power of Attorney

Balance activities from Stage 1 and some initial activities from Stage 3 of this Phase can also be undertaken parallelly and simultaneously with this Stage.


Stage 3: Plans & Approvals, Permissions:

Active Agencies: MC, Dev, PMC

Period: 6 months

SGBMs: 1

Milestones:

Approval of Arch Plans by MC

Approval of Proposal Plans & Allotment

Submit Plans to Statutory Authorities

Obtain & Report Approvals/ Permissions of Plans

Project Records:

Approval of Floor Plans

Report on Review of Proposal Plans

Approval of Proposal Plans & Allotment

Approval of Proposal by Approving Authority


Stage 4: Vacating Buildings:

Active Agencies: MC, Dev, PMC

Period: 1 month

SGBMs: None

Milestones:

Execute and Register PAAA

Issue Letter to Enter to Dev

Project Records:

PAAA - Individual Agreement (Registered)

Notice to Vacate Units

Detailed Project Schedule & Project Insurance

Letter to Enter (LTE)

Letter of Acceptance of LTE

RERA Registration

Balance activities from Stage 1 and Stage 2 of this Phase can also be undertaken parallelly and simultaneously with this Stage. After the Commencement Certificate (Construction Permit) is received, the Project will enter to the next Phase of Construction.