Introduction
Introduction

A constructive step ahead

SWOJAS GROUP
REDEVELOPMENT DIVISION

The Swojas Group's Redevelopment Division is at the forefront of transforming Pune's living standards by focusing on superior construction and comprehensive lifestyles at premium locations. This venture extends the Group's legacy of luxury, affordability, and trust into the realm of redevelopment, aiming to cater to a broad spectrum of community needs with its sophisticated and contemporary living spaces. Their mission is not just to construct buildings but to craft environments that reflect a seamless blend of elegance and modernity, ensuring that every project aligns with the aspirations and diversity of its residents.

Central to this mission is Swojas's unwavering dedication to quality, transparency, and innovation throughout the redevelopment process. From evaluating societal needs to delivering the finished projects, the Group operates with an open and participatory approach, involving meticulous planning in architectural design, financial strategy, and legal frameworks. This commitment ensures a smooth transition to enhanced living spaces, boasting superior amenities and design specifications. By adhering to its core values of integrity and excellence, Swojas is not just responding to the changing dynamics of urban living but is also setting new standards of quality and client satisfaction in the redevelopment sector.

REDEVELOPMENT TIMELINE

Society Evaluation

Convening a general body meeting is the initial step where our redevelopment team seeks consent from existing society members. A committee of society representatives engages with us to evaluate the redevelopment project’s feasibility and ensure a collaborative and participatory approach from the outset.

Feasibility Report

Before an offer for redevelopment is made, we meticulously study the documentation and compile a comprehensive Feasibility Report. This report serves as a critical tool to assess the orderliness of submitted documents, identify discrepancies, and propose effective methods to overcome any challenges. It also scrutinises the society's title, ownership, and legal status to ensure a smooth redevelopment process.

Terms & Conditions

We propose a conclusive offer, marking a commitment to transparency and fairness in the redevelopment journey. The process advances with the finalisation of terms and conditions through collaborative discussions between us and the society committee. This sets the groundwork for mutual agreement and outlines the expected terms for the entire redevelopment process.

Project Design

Upon receiving verbal confirmation or a Letter of Intent from the society, we initiate the architectural planning phase for the proposed new apartments/ flats. This involves collaborating with the society as well as incorporating their expectations and suggestions into the design. We ensure a dynamic and inclusive design process, setting the stage for a redevelopment project that aligns with the community's vision.

Presentation & Selection

Taking the preferences and suggestions of existing members into account, we present the society with different plan options. Through a collaborative process, the building layout and apartment/flat allocations are finalised. We then present the society with a draft copy of the Agreement of Redevelopment.

Agreement & Sanction

The finalised agreement is signed and registered by us & the society members at the relevant sub-registrar's office in Pune. Simultaneously, we procure the sanctions from the Municipal Corporation. This stage highlights the importance of legal compliance and regulatory approvals, ensuring a smooth transition from agreement to project initiation.

Vacation of premises and physical possession of the property

The society is given a period of approximately 1 to 2 months to vacate the premises. This period allows us to commence with the demolition of the old structure, followed by the traditional Bhoomi Pujan, organised on an auspicious day, that signifies the commencement of the redevelopment work.

REDEVELOPMENT FAQ'S

A copy of the old sanctioned plan, the property card, the area statement of existing members, and the conveyance deed are required for the preliminary analysis and study.
A copy can be obtained from the Municipal Corporation, from their archives.
In this scenario, the court case can proceed independently, as long as the defaulting member is willing to be a part of the redevelopment process willing to sign the redevelopment agreement as well as any other relevant documents.
We prioritise transparency and reliability to ensure timely possession of our apartments or flats. Prospective buyers can gain insights into our commitment to timely delivery through individual market reviews and testimonials from previous customers. Operating in compliance with Real Estate Regulatory Authority (RERA) guidelines, we ensure transparency, accountability, and adherence to timelines throughout the project lifecycle. We encourage and can also organise visits to our existing projects, where you can witness firsthand the quality of construction and adherence to timelines.
You should choose us as your redeveloper for guaranteed on-time delivery, ensuring your peace of mind. Our customer-centric approach fosters one-on-one relationships, prioritising your needs and preferences throughout the redevelopment process. With third-party quality audits and our commitment to delivering customised homes tailored to your unique requirements, we stand out as the ideal choice for a seamless and satisfying redevelopment experience.
The member has to repay the existing loan and take a fresh housing loan from any Bank. Alternatively, they can apply for a No Objection Certificate (NOC) from the existing Bank before the execution of the Development Agreement.
We will carry out an inspection of the same to deduce if any financial compensation can be paid out; this is not a guarantee and is at our sole discretion.
A copy of the old flat or apartment agreement can be obtained from the concerned sub- registrar's office.
As per Order No. Co-operative Housing Scheme 2018/Case No. 85/14-S dated 04/07/2019, approval from 51% of society members is required for the redevelopment. Unwilling members cannot stop the process as long as the mentioned majority has been met.
For a flat, after consulting the society’s legal advisor, the required legal procedure is followed and the share certificates are issued in the name of the nominee or legal heir. Thereafter, the necessary changes can be made to the Development Agreement to accommodate the name of the nominee or legal heir, if required. In the case of an Apartment, the ownership of the apartment has to be obtained in the name of the nominee or legal heir by executing documents specified by the legal advisor.
We prioritise superior construction quality through rigorous measures. The raw materials are purchased through our in-house purchasing department, which allows a stringent check on the quality. Additionally, we engage third-party audits to evaluate the construction process objectively. These external audits provide an independent assessment of our construction, ensuring adherence to industry standards. Moreover, all the finishing materials are selected and inspected by our top management. With our comprehensive quality assurance process, you can trust in the durability, safety, and excellence of our construction.

Want to learn more?

Get in touch by calling +91 853 012 3013 / 14 or email us at sales@swojas.com