✅ ADVANTAGES OF SELF-DEVELOPMENT
💰 1) Maximum Financial Benefit
Entire sale profit of free-sale area belongs to the society
No developer margin (usually 20–30%) is given away
Higher corpus, better amenities, and higher carpet gain

🏠 2) Better & Transparent Carpet Area
Members get exact DCPR-permissible carpet (no hidden deductions)
No manipulation of sale vs rehab area
Ideal for 33(7), 33(7A), 33(7B) & Cluster projects

🛠️ 3) Full Control on Quality
Society decides:
Construction quality
Brands (lifts, tiles, fittings)
Layout & amenities
No compromise to cut builder costs

📜 4) Complete Transparency
Open books system
All costs, sales, and decisions approved by members
Reduced disputes and litigation

⚖️ 5) Legal & Long-Term Safety
Land ownership & development rights stay with society
No risk of stalled project due to:
Builder insolvency
RERA defaults
Financial mismanagement

🏘️ 6) Higher Market Value
Self-developed buildings have:
Better specifications
Higher resale value
Better maintenance planning

🧭 PROCEDURE – STEP BY STEP
🟢 Stage 1: Feasibility & Consent
Structural audit / building condition report
Area statement & FSI feasibility (DCPR-2034)
Financial viability study
Member consent (51% / 75% as applicable)

🟢 Stage 2: Society Preparation
Formation/regularisation of society (if required)
Appointment of:
Architect
PMC
Structural Engineer
Legal consultant
Bank account & project governance setup

🟢 Stage 3: Approvals & Sanctions
Concept plan approval from members
LOI / IOD / Commencement Certificate
MHADA / BMC / Fire / Airport / Environment approvals (as applicable)

🟢 Stage 4: Finance & Construction
Construction finance via bank/NBFC
Tendering & appointment of contractor
Transit accommodation / rent to members
Construction monitoring & quality audits

🟢 Stage 5: Completion
Occupation Certificate
Permanent accommodation handover
Sale of balance flats
Loan closure & surplus distribution to society

🤝 HOW WE HELP (END-TO-END SUPPORT)
📊 1) Technical & Financial Feasibility
FSI calculation under:
33(7) – Cessed buildings
33(7A) – Dilapidated tenant buildings
33(7B) – Housing societies
33(9) – Cluster redevelopment

Sale vs rehab optimization
Cash flow & profitability model

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🧱 2) Consultant & Contractor Management
Selection of right architect & PMC
Transparent contractor tendering
Cost control & milestone tracking

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📜 3) Legal & Statutory Support
Development documentation
Tenant/member agreements
MHADA, BMC, DCPR compliance
RERA coordination (where applicable)

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🏦 4) Project Finance Assistance
Liaison with banks/NBFCs
Loan structuring
Escrow & disbursement planning

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🏗️ 5) Execution & Risk Control
Construction progress monitoring
Quality & safety audits
Timeline adherence
Dispute prevention

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🧾 6) Sales & Monetisation Strategy
Pricing of sale component
Phased sales planning
Revenue optimisation
Final surplus calculation & distribution

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📌 Where Self-Development Works BEST
✔ Cessed buildings (Reg. 33(7))
✔ Old housing societies (33(7B))
✔ Dilapidated tenant buildings (33(7A))
✔ Cluster redevelopment (33(9))
✔ Societies with unity and long-term vision