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BUSINESS PROCESS Real Estate Projects
44

Business Process- Real Estate

Oct 17, 2014

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Page 1: Business Process- Real Estate

BUSINESS PROCESS

Real Estate Projects

Page 2: Business Process- Real Estate

Project feasibility

Page 3: Business Process- Real Estate

Type of Project- residential/commercial/township

Location Identification

Type of Land (Free hold-fee simple/Lease hold- Lessor's

permission/Trust land- Charity Commissioner permission

DEVELOPMENT PLAN/REGIONAL PLAN

Zonal Confirmation Certificate

DCR Applicable

FSI available/FSI-TDR loadable

Ground Coverage

Continued………

Continued………

Project feasibility

Page 4: Business Process- Real Estate

Road Lining/Highway/Railway setback/other reservation as given in DCR

Electricity Water Availability Sewage and Storm Water Drainage Transportation- Railway- Bus Schools & Hospitals Domestic gas supply/pipeline Land user under CDP Change of Land User Built-up Area Saleable Built-up Area

Project feasibility

Page 5: Business Process- Real Estate

NATURE OF Land

Page 6: Business Process- Real Estate

Topography

Accessibility

Sub Soil

Agricultural/Non- Agricultural

Freehold/Leasehold/Government land/Trust land

Nature of Land

Page 7: Business Process- Real Estate

Required Land Documents

Page 8: Business Process- Real Estate

Title Deeds/Grant Certificate

Encumbrances

7/12 Extracts

Mutation Records

VIII –A

Possession

Family Tree

Survey Records- Atlas-Phodi-Tippani-TILR map

Required Land Documents

Page 9: Business Process- Real Estate

LAND PROCUREMENT

Page 10: Business Process- Real Estate

OUT RIGHT SALE

AGREEMENT FOR SALE WITH POSSESSION

DEVELOPMENT AGREEMENT

GENERAL POWER OF ATTORNEY

JOINT DEVELOPMENT

LAND PROCUREMENT

Page 11: Business Process- Real Estate

Verification of land

documents

Page 12: Business Process- Real Estate

Title Deed/Sanad/Grant Certificate 7/12- Adhikar Abhilekh Patrak issued by Talathi/Property Card Mutation Register Extracts Occupier Akarband/Tippani/Podi Extracts Search Report for the last 30 years Title Clearance Certificate Nil Tenancy Certificate Patta pass book Caste Certificate in case of grant land

Sale permission Wakf/trust/Charity

commissioner/Collector/Govt

Collector's permission for Collector’s land/SC and ST

land/Navin Shart

Collector’s permission under BTAL 1948 (Section 43 and 63/63

1A)

Verification of land documents

Page 13: Business Process- Real Estate

7/12 EXTRACTS Analysis

Page 14: Business Process- Real Estate

7/12 EXTRACTS Analysis Survey No and Hissa No

Owner

Occupant Class/Class I/Class II/Government Lease/Navin Shart/Adivasi/Tenancy

Occupier/ VIII A

Area

Encumbrances

Mutation Entries No

Date

Other rights/tenancy/mortgage/dispute case/lis-

pendency

NA assessment

Type of Crop

Page 15: Business Process- Real Estate

land N. A. PERMISSION

Page 16: Business Process- Real Estate

land N. A. PERMISSION

NOC for N.A. from Town Planning Authority

N.A. Permission Application –Dist Collector

N.A. Permission

Sec 43 BTAL 1948 Permission

Sec 36A Permission

New Tenure Permission

S

Page 17: Business Process- Real Estate

plans and drawings

preparation

Page 18: Business Process- Real Estate

plans and drawings

Survey Report – Licensed Surveyor

Lay out/Master Plan

Cluster Plan

Individual Building Plan

Structural Designs, Drawings and Detailing

Page 19: Business Process- Real Estate

SANCTIONS & Approvals(Permissions Certificates)

Page 20: Business Process- Real Estate

District Magistrate/CP Permissions/Police

Illumination

Entertainment utility permission

Explosion permission

Page 21: Business Process- Real Estate

Town Planning

Page 22: Business Process- Real Estate

Town Planning ANALYSIS

Studying Development Plan

Studying Development Control Regulations

Land User Status

Zone Confirmation Certificate

Available FSI

Loading FSI/TDR

Reservations

Land Acquisitions

Setback Margins

Page 23: Business Process- Real Estate

Town Planning PERMISSION

Page 24: Business Process- Real Estate

Town Planning PERMISSION

CDP/Development Plan

DCR

PLAN SANCTION FROM MCGM /CIDCO/MMRDA/SRA/MHADA

Zone confirmation Certificate

Letter of intent / location clearance

Change of land use / change of zone use

Development Permission/ Layout Permission

Individual Building Sanction Plans

IOD

Continued…….

Page 25: Business Process- Real Estate

Town Planning PERMISSION

Commencement Certificate

High rise Building Permission

Plinth Completion Certificate

Structural Audit Report

Completion Certificate from the Architect

Building Completion Certificate

Occupation Certificate

Part/Full Occupation Certificate

de-notification of project land / surrendering land to

reservation

Demolition of Old Structure

Page 26: Business Process- Real Estate

Environmental Permission

Page 27: Business Process- Real Estate

Environmental Permission Permission from SEIA

Consent from MPCB

Consent from Water Pollution

Consent from Air Pollution

Noise pollution

Utilization of solar energy

Hazardous waste permission/dangerous/explosive substances

permission

Forest Area Permission

Buffer Zone CRZ Permission

National Parks Authority Permission

Page 28: Business Process- Real Estate

Labour Law Permissions

Page 29: Business Process- Real Estate

Labour Law Permissions

Building Contract Workers Permission

Factory's Act

Workmen's Compensation Act

Bombay Shops and Establishment Act

Maternity Benefit Act

Payment of Wages

Third Party Insurance

Vehicle and Equipment Insurance

Page 30: Business Process- Real Estate

PROJECT Launch

Page 31: Business Process- Real Estate

PROJECT Launch

Printing Brochure

Advertisement - Mass Media

Booking of Flat

Page 32: Business Process- Real Estate

stamp duty and registration

Page 33: Business Process- Real Estate

stamp duty and registration

Execution of Agreement for Sale

Registration of Agreement for Sale under MOFA ACT

Ready Recknor Values

Applicable Stamp Duty

Registration Charges

Additional Document Requirement

Page 34: Business Process- Real Estate

Construction

Page 35: Business Process- Real Estate

construction

Individual Building Construction

Plinth Completion Certificate

Milestone of the project

Completion of the Building for occupation

Building Completion Certificate

Occupation Certificate

Page 36: Business Process- Real Estate

POSSESSION

Page 37: Business Process- Real Estate

possession

Possession Notice

Acceptance of

Possession

Page 38: Business Process- Real Estate

Society Formation

Page 39: Business Process- Real Estate

Society formation Preparation of Memorandum of objects of the society

Preparation of bye laws of the society

onveyance to the Housing Society/Association

Page 40: Business Process- Real Estate

Final conveyance

Page 41: Business Process- Real Estate

FINAL conveyance

Final Conveyance to be made in the name of the Society or Federation of Housing Societies

Handover Management of the building to the society or Federation of Housing Societies

Page 42: Business Process- Real Estate

UTILITIES

Page 43: Business Process- Real Estate

UTILITIES Water

GAS

Electricity

Sewage

Transportation

Schools and Hospitals

Page 44: Business Process- Real Estate

Prepared by M.ARUNPRAKAASHLegal Department