A Feasibility analysis is very important as it evaluates the society development or self-redevelopment potential for success; therefore, perceived objectivity is an essential factor in the credibility of the study for potential developers and lending institutions.
SCOPE OF WORK includes:
- Preparation of Consolidated Project report and explain the feasibility report with limitation of the area.
- To determine the maximum permissible carpet area available, in the project, based on different applicable regulations, say as provided in DCPR-2034 for Mumbai.
- Additional Area members can expect in lieu of Redevelopment of the society.
- To Determine the Total Project Cost.
- Approximate Expenditure on the project taking into consideration the total construction cost for the project, T.D.R., Premiums, Fungible Premiums, deposits, Corpus fund to Society or its individual members, the shifting / transit charges, the licensing, professional and approval charges for the project, interest on blocked capital etc.
- Details for the evacuation process and shifting charges with rental charges
- To Determine how much carpet area is required to sell in the open Market to recover the Project Cost.
- Minimum carpet area required to be sold in the open market to recover the entire project cost
- To Calculate the Balance Carpet area for existing Members.
- Approximate Profit in the Project
- Know the % of Balance carpet area with respect to existing carpet area thereby knowing the percentage of returns in the project.
- Total funds required for the project from the banks & Society for self-redevelopment.
- Comparative statement of redevelopment done by Developer as compared to Self-Redevelopment
Documents required from the Society
- Conveyance deed and its Index II
- Society Registration Certificate
- List of member with their respective carpet areas
- C.T.S. plan & property card for the plot
- D.P. remarks, If the property is under TPS scheme then T.P. remarks(optional)
- Copy of municipal approved plans
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