Redevelopment projects are frequently intricate and call for careful preparation and implementation. The Project Management Consultant (PMC) is a key factor in guaranteeing the success of these redevelopment projects. Making wise judgments when navigating the redevelopment landscape requires knowing what a PMC is and what their job is.
PMC is professional team who guides society during whole process. PMC don’t have defined role, but it varies on expertise of the experts available with them. Few of expertise are as follows.
- Architects
- Structural engineer
- Civil engineer
- CA
- Advocate (Legal advisor)
We at MK Shelters have our own designated PMC team ready to help you at every step of your redevelopment journey. Redevelopment is the process of converting old buildings into
contemporary, environmentally friendly, and liveable areas for locals. It goes beyond simple reconstruction. Hence, expert assistance is needed to navigate the intricacies of stakeholder expectations, regulatory regulations, and technological design. At such point, a Redevelopment Project Management Consultant’s (PMC) job becomes extremely important.
Is hiring a project management consultant (PMC) required for the redevelopment of society?
One of the first legal criteria for a co-operative housing society or a society considering redevelopment of its property is the engagement of a project management consultant, according to
a circular issued by the Government of India through the Department of Cooperation. Since the successful completion of the redevelopment heavily depends on the skill, integrity, uprightness, and transparent and rational attitude of the PMC, the appointment of the PMC is more than just a formality; it establishes the framework for the whole rehabilitation.
Redevelopment documents should be drafted taking into account potential liabilities for income tax, GST, service tax, and other revenue laws, as well as applicable property laws and regulations, such as MOFA, 1963, MCS Act, 1960, and Transfer of Property Act, 1882. Before leaving his apartment, each member must sign a separate agreement to record and safeguard his unique title. It is important to review TDR documents from a legal and tax perspective. The main focus of PMC services needs to be advice and recommendations. The society should make the final decisions. While PMC should assist society in making decisions, it shouldn’t impose its will on it.
The society and its members should be informed that redevelopment is a win-win situation and that, in a market with intense competition, the society provides benefits to the developer. As a result, the society and its members should not compromise on important issues and should maintain their firm stance.
The Initial Work To Be Undertaken By Redevelopment PMC/Architect
- Survey of the society’s buildings and property.
- Find out about the transfer of land and buildings for the benefit of society.
- Provide information on the availability of FSI/TDR in accordance with the current government rules and regulations, as well as the type of land ownership and, if applicable, the rules and regulations of the local government.
- To create a realistic feasibility report that takes into account the opinions, suggestions, objections, and instructions of society members expressed during a special general meeting. This report should include information about the areas that are available for residential, commercial, open space, garden, parking, and building construction specifications.
- Within two months after their appointment, the architect or project management consultant (PMC) must deliver their report to the society’s committee.
This is your once-in-a-lifetime chance to improve your living space via redevelopment. However, the journey is also technically and legally challenging. You receive a roadmap, not just a rough sketch, when you work with a reliable PMC. In addition to offering you the greatest redevelopment alternatives and assisting you in safeguarding your interests, MK Shelters makes sure your future house is long-lasting, sustainable, and secure.
