DEPONABILITY REPORT: After the appointment of the Project Management Advisor (PMC), the company orders him to prepare a feasibility report and hand it over to the Board of Directors. The feasibility report is a document developed by PMC after an analysis of the existing plot and existing structure. The feasibility study is an assessment and evaluation of the potential of a rehabilitation project, based on in-depth studies and research to support the decision-making process to determine whether the project will be successful or not. The feasibility report helps the company study the financial feasibility of a developer; financial and technical feasibility of the project, etc. Members held several meetings with the developer, but only to get false assurances that work will resume soon. After a while, the members inquired that the owner had not obtained the necessary approvals for the construction and had not paid certain costs. The members claim that the owner even sold the apartments, which were under wagering to several buyers. They also learned that many other housing companies were facing similar problems with the same contractor. Please click on the link below to understand the importance of verifying and reviewing various legal documents related to the reclamation. Look at the owner`s ability to carry out renovations. “A developer should be able to obtain regulatory approvals, properly execute legal documents, have financial, development and marketing capabilities to sell its share of the property,” said Gulam Zia, Executive Director, Knight Frank India. Check to see if previous projects have been completed and handed over to owners.
Visit some of the completed projects and interact with residents to learn about their experience with the owner; Ask them about the end of the project, the quality of the construction, the legal documents and other aspects. Ideally, you will only give the renovation work to a contractor who has a considerable number of successful projects. Co-operative Marketing – Textile Division, Govt of Maharashtra has adopted a directive no SAGRUYO 2007/Case No. 554/14 (S) of 03.01.2009 concerning the renovation of the building of the cooperative housing company. This directive provided the guidelines for rehabilitation. (See s.3 to 18) Desk Officer, Co-operative Marketing – Textile Division in his corrigendum of 19.10.2011 to Directive No SAGRUYO 2007/Case No.554/14 (S) of 03.01.2009 has established that the local authority must insist that the co-operative housing company must obtain prior approval from the cooperative housing company. The member states of the USSR have also been engaged in renovation projects. TENDER DOCUMENT: A document is called a tender document, which notifies different conditions of rehabilitation of the housing company and calls for offers from developers. It has been specially designed to assess the capacity, capacity and experience of developers. The development of a pardon document is a very important part of legal practice and the representation of interests; It must be understood that perfection is not achieved in the development, unless one understands the relevant provisions of laws, laws and rules, as well as the facts, figures and language of its terms and conditions.