A redevelopment project is a complex, multi-stage process that requires active collaboration, timely decision-making, and seamless coordination between the Housing Society and the Developer. Each party has distinct but complementary roles that contribute to the success of the project.
Role of the Society:
The Society, being the owner of the land and the representative of all its members, plays a central role in decision-making and supervision. It is primarily represented by its Managing Committee (MC), which works in close coordination with various professionals such as:
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Project Management Consultant (PMC): Advises on technical aspects, feasibility, developer selection, and overall project execution.
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Legal Advisor: Ensures all agreements, documents, and statutory processes are legally compliant and protect members’ interests.
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Other Consultants: May include auditors, quantity surveyors, and financial experts, depending on the project scale and complexity.
Role of the Developer:
The Developer is responsible for the planning, execution, financing, and delivery of the new building. They deploy their internal teams and external consultants, including:
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In-House Departments:
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Technical Team (engineering, planning)
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Legal and Finance Teams
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Liaisoning Officers for dealing with BMC, MHADA, SRA, and other authorities
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Marketing and Sales Teams for selling additional units
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External Consultants:
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Architects and Structural Engineers
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MEP Consultants (Mechanical, Electrical, Plumbing)
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Geotechnical Experts
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Environmental Consultants
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Construction Contractors and vendors
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Key Success Factors:
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Timely Decision-Making: Delays in approvals, consents, or meetings can cause project stagnation.
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Transparent Communication: Both Society and Developer must maintain open, honest communication with all stakeholders.
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Proper Documentation: Every decision, agreement, and report must be properly recorded and stored.
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Trust and Accountability: Mutual trust and a professional approach are necessary to manage challenges effectively.
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Compliance with Government Guidelines: Particularly the directions issued under Section 79(A) of the Maharashtra Co-operative Societies Act, 1960, which provide structured procedures for the Society to follow, especially in the initial phases like appointment of PMC, SGBMs, tendering, and developer selection.
Additional Considerations:
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The Society should regularly update its members through meetings, newsletters, and circulars.
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The Developer should provide timely progress reports, architectural plans, and construction timelines.
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A tripartite agreement among Society, Developer, and PMC can enhance accountability and streamline communication.