Start the re-development process
UPGRADING LIFESTYLE
With Redevelopment Buildings in Kolhapur
In this fast paced city environment, one often finds peace and leisure in the comfort of one’s home. We recognise this sentiment and therefore strive to redefine living and lifestyle through our premium and luxury projects. To achieve this goal, we focus on redevelopment projects to help you upgrade to a premium lifestyle with modern amenities, better security features, parking facilities, top-notch construction quality, and more while ensuring you continue to live in the neighbourhood that you have always called home.
We are recognised in the industry as a leading redevelopment builder in Kolhapur & Kagal. Our specialised teams work extensively on every residential project with thoughtful planning, legal adherence, and efficient processes. This has helped us to carve a distinct identity for every project in our portfolio and strengthen customer satisfaction with continued innovation in business practices. Our focus is to make your home a successful creation with timely delivery and high-quality construction grade.
OUR GOLDEN PROMISE
Our only motivation is the happiness you experience with the first step you take in your dream home built by Ghatge Developments. We ensure that this trust and satisfaction is unwavering & consistent through our long-term vision and values firmly delivered through the ‘ Promises’.
We are recognised in the industry as a leading redevelopment builder in Kolhapur & Kagal. Our specialised teams work extensively on every residential project with thoughtful planning, legal adherence, and efficient processes. This has helped us to carve a distinct identity for every project in our portfolio and strengthen customer satisfaction with continued innovation in business practices. Our focus is to make your home a successful creation with timely delivery and high-quality construction grade.
Always Deliver On Time
One of the pillars of our values is On-Time Delivery. We, as a responsible redevelopment builder in Kolhapur, understand the importance of time for a homeowner, their commitment and planning towards their future. Hence, since our inception, we strive to deliver all the projects on time, some are even delivered before time. We achieve this consistency through a well-planned construction process, meticulous time management and efficient planning for our on-time delivery promise.
No Compromise To Achieve The Highest Construction Quality
At Ghatge Developments, every brick is more than just a material, it is the foundation of your dream home and each of our projects is carefully designed and constructed to fulfil this promise. Our choice of materials using higher than standard concrete mix design and damp-proof external coating are but a few testaments of our no-compromise on quality principle. We partner with the best construction experts in the industry to build homes that are of the utmost quality and comfort for you & your family.
Strict Compliance To Approval Processes, Laws & Regulations
Constructing homes with diligent compliance is part of our core philosophy. We ensure clear titles, transparency and adherence to legal processes for each of our projects to make your journey to a beautiful home absolutely seamless.
STAGES OF REDEVELOPMENT
The Redevelopment process normally falls into twelve basic phases; it begins with conceptualizing the housing development and moves through to occupancy in the new building. Like any planning process, the steps have to be carried out in the exact sequence provided below and all of the steps are necessary for the successful development of the housing.
Step 1- Offer letter to the Society:
The Housing Society is
preferably required to advertise in 2 leading newspapers inviting the sealed tenders from the Developers and a Redevelopment Committee is formed to shortlist at least 3 Developers on merits and the comparative data is placed before the SPGM for final selection. The selected A developer is informed accordingly and his terms are invited in writing as an Offer letter to the Society.
Step 2- Terms and conditions with the Society:
The first step towards the re-development is agreeing on the basic terms and conditions between the members and the Developer. The broad terms and conditions will include extra area, corpus money, shifting charges, alternate accommodation, time of re-development, amenities in the new building, etc.
Step 3- Finalizing the plans with members:
After due consultation with all the members, the plan will be made to suit the requirements of the existing members and will be approved by them before applying for sanction from MCGM.
Step 4- Agreement with the Society:
The execution of the development agreement will be done once both parties have cleared the above two points and after the solicitors have approved the draft copy of the agreement of both parties. It is possible to appoint a common solicitor to reduce the time in execution of the document.
Step 5- Sanction from MCGM in favour of the Society:
After the execution of the development agreement, plans are put up for sanction from MCGM about the entire layout as well as the concession plans in favour of TWO FSI (i.e. plot area + TDR purchased from open market). This step makes the Society feel safe and confident towards the development.
Step 6- Loading of TDR in favour of the Society:
On receipt of the plans from MCGM approving the loading of TDR, The developer will purchase the TDR from the open market in the name of the Society and get the same deducted and loaded from MCGM. This step is taken to make the Society feel secure about the entire development process.
Step 7- Obtaining the IOD:
After the TDR is loaded, the IOD is obtained from the MCGM & the Developer then starts fulfilling all the conditions as mentioned in the IOD before obtaining the Commence Certificate.
Step 8- Shifting of the members:
The members will feel a lot more confident after the IOD is been obtained from the MCGM towards the entire development of TWO FSI. The members will now shift to their alternate accommodation as a pre-requisite before the demolition of the building which is a must before obtaining the CC from MCGM.
Step 9- Demolition of the building:
Once the members have shifted into their alternate accommodation. The demolition of the building will take place either all the wings simultaneously or phase-wise depending upon the scheme of re-development. Usually, about three months are given to the members from the date of execution of the development agreement before asking them to shift to the alternate accommodation.
Step 10- Obtaining the CC:
The IOD approval and demolition of the building will be followed by the issue of the CC (plinth level) by the MCGM which shall enable the developer to start the construction work and after the plinth lines are verified by the MCGM officers, the further CC is granted for the complete building.
Step 11- Construction of the building:
The building construction work will begin in full earnest as per the approved plans by the MCGM taking into consideration the various safety factors to be considered during the construction work. The quality and the amenities will be provided as per agreed terms and conditions.
Step 12- Obtaining the OC:
The last step before the construction work is termed as complete is obtaining the Occupation Certificate enabling the Developer to allot the occupation to the old as well as the new member.
Step 13- Shifting the old members:
On receipt of the OccupancyCertificate the Developer can lawfully allow the possession of the flats to be taken over by their owners.
FAQ'S
Here are some details related to re-development projects.
The following documents are required for the vetting process for the redevelopment Conveyance of Property:
- Property Card in the name of the society
- Old Occupation Certificate along with plans
- CTS Plan
- List of allotment members along with the carpet area
- Development Plan remark
The Central Government of India drafted and approved the Real Estate Regulation and Development Act of 2016 to protect house buyers while simultaneously encouraging investment in the real estate business. Buyer complaints can be sent to MAHARERA for a prompt response. The law addresses the entire process of buying a house as well as redevelopment.
The following are the steps of redevelopment:
- A general body meeting with a majority in favor of the redevelopment
- A legal representative to appropriately guide the members
- Obtaining and scrutinizing bids from builders and selecting the appropriate builder meeting the financing requirements.
- Approval from necessary legal authorities and allotment of builder Signature on various necessary documents to begin the process
- Completing all financial and other obligations, and then ensuring that the building is evacuated and ownership of the current premises is transferred to the designated developer/builder
- Post redevelopment, issuing Occupancy Certificate and handing over ownership back to the owners.
A building that has not used the full potential of the site under the current DC standards may be redeveloped. This is conditional on both the housing society and the owner possessing a clear, marketable title.
When a redevelopment project is in the process the statutory payments are paid by the developer. Additional payments or any outstanding payment with extra land purchase shall be paid by the members.
Government Schemes
Several schemes and benefits for property buyers.
Pradhan Mantri Awas Yojana
Ministry of Housing & Urban Affairs has initiated Affordable Rental Housing Complexes (ARHCs), a sub-scheme under Pradhan Mantri Awas Yojana – Urban (PMAY-U). This will provide ease of living to urban migrants/ poor in Industrial Sector as well as in non-formal urban economy to get access to dignified affordable rental housing close to their workplace.
MAHA RERA Registration
Initiated by the Indian Government, RERA supervises the regulations in the real estate industry and quick settlement of disputes. According to the Act ” Ghatge Developments ” has registered for its own RERA number to protect the consumers’ interests and enhance transparency in the sector.
It is mandatory for every promoter and builder to get their projects registered under URA of their respective state. Consumers must also ensure to purchase only RERA registered properties because of significant reasons. • Non-registered real estate projects are considered illegal, and buyers may face difficulties in the future. • On approaching the regulatory body for redressal, such buyers may be questioned on purchasing an unregistered Property.
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Address : Nagala Park, Paga Building,Kolhapur, Maharashtra, India.
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