Is your housing society looking for redevelopment? We introduce you to trusted, financially sound builders from a network built over 25 years, help you compare their offers on equal terms, and stay with you until the redevelopment agreement is signed. There is no fee to the society.
Deciding to redevelop is usually the easy decision. The difficulty starts afterwards: a dozen developers approach the society, every offer is presented differently, and the committee has no reliable way to tell a serious builder from one who will stall the project halfway.
We have spent 25 years working inside Pune's development industry, hiring for these very companies. We know which builders finish on time, which are financially sound, and which have a delivery record worth trusting.
A typical society redevelopment in Pune runs through these stages. We are involved from step two onwards.
A Special General Body Meeting is convened and members resolve to explore redevelopment. A redevelopment committee is formed from among the members. This is the society's own decision, taken under the directives issued under Section 79A of the Maharashtra Co-operative Societies Act.
Property card, 7/12 extract, conveyance deed, approved building plans, society registration certificate and member list are collected. The plot is surveyed and permissible FSI, TDR potential and any premium FSI available under UDCPR 2020 are assessed so the society knows roughly what its land can support.
We put forward developers from our network who actually work in your area and at your project size, and who are financially capable of funding it. Each one is checked on RERA registration, completed projects, current commitments and reputation with previous societies.
Developers submit written proposals. We convert them into a single comparison sheet so the committee sees carpet area gain, corpus, rent, timeline and bank guarantee side by side rather than in five different formats.
Terms are negotiated with the shortlisted developer, and the final offer is placed before the general body for approval with the authorised officer present as required.
The society's advocate drafts and vets the development agreement and individual member agreements. Once signed and registered, vacating and demolition follow, and the developer's rent obligation begins.
Please note: this is a general outline, not legal advice. Statutory requirements, quorum and consent thresholds change from time to time. Your society should have its own advocate confirm the current position before passing resolutions or signing anything.
Most societies compare offers on carpet area alone. These are the terms that decide whether a project actually finishes well.
The additional carpet area each member receives, stated in RERA carpet terms and not in the older built-up or super built-up measure.
The lump sum paid to each member, when it is paid, and whether it is a single payment or spread across project milestones.
Monthly rent while members are out, the escalation each year, the shifting allowance, and critically how long it is guaranteed if the project runs late.
The guarantee furnished to the society against non completion. A weak or absent bank guarantee is the single biggest red flag in any offer.
Completion period from the date of vacating, plus the penalty payable per month of delay. A timeline without a penalty clause means very little.
The written schedule of fittings, flooring, lifts, plumbing and common amenities, annexed to the agreement rather than promised verbally.
RERA registration numbers, projects actually completed and handed over, current under construction load, and whether previous societies would recommend them.
Clear conveyance in the society's name, no encumbrance on the plot, and a development agreement vetted by the society's own advocate.
Both routes are legitimate. Which one suits your society depends mostly on how unified your members are and how much risk they can carry.
| Consideration | Builder Led Redevelopment | Self Redevelopment |
|---|---|---|
| Who funds it | The developer funds construction entirely and recovers from the sale component. | The society raises a loan, typically from a co-operative bank, against its own land. |
| Financial risk to members | Very low. Members do not put in money. | Real. Members carry the loan, cost escalation and any sales shortfall. |
| Surplus from the project | Shared. The developer keeps the sale flats as return. | Entirely the society's, which is why the area gain can be materially higher. |
| Effort required from the committee | Moderate. Mostly negotiation and oversight. | Very high. The society becomes the developer, handling approvals, contractors and sales. |
| Typical timeline | Faster to start, as the developer's team is already in place. | Slower to start. Loan sanction and consultant appointments take time. |
| Best suited to | Most societies, particularly larger ones or those with mixed member opinion. | Cohesive societies with capable office bearers and members willing to stay involved for years. |
| Where we help | Full support: shortlisting, comparison, negotiation and coordination. | We can introduce contractors, PMCs and consultants, though the society leads. |
Having these ready before you invite offers saves months. If some are missing we can point you to the right people to obtain them.
Older societies across central Pune and the suburbs are actively redeveloping. We work across Pune Municipal Corporation and Pimpri Chinchwad Municipal Corporation limits.
Whether you are a society exploring options or a developer looking for redevelopment projects in Pune, tell us a little and we will call you back.
For chairmen, secretaries and committee members. No obligation, and no fee to the society at any stage.
For developers seeking redevelopment projects in Pune and PCMC. We introduce only societies that are ready to move.
Begin with a Special General Body Meeting where members resolve in principle to explore redevelopment. Appoint a redevelopment committee, then have the plot surveyed and the title verified. Once you know your plot area and permissible FSI you can invite offers from developers. We help societies at every one of these stages and introduce builders from our network.
No. Our advisory, builder shortlisting and offer comparison work is free for the society. We are paid by the developer side once a project is concluded, exactly as in recruitment. The society is never asked for money.
Carpet area gain is only one part of an offer. Also compare the corpus fund per member, the monthly rent or hardship allowance and how long it is guaranteed, shifting charges, the bank guarantee amount, the completion timeline with penalty clauses, the developer's RERA registration and delivery record, and the quality specification annexed to the agreement.
A slightly smaller area offer from a builder who finishes on schedule is almost always better than a generous offer from one who does not.
In builder led redevelopment a developer funds and executes the project and takes the sale component as return, so the society carries almost no financial risk. In self redevelopment the society raises a loan and appoints contractors itself, keeping the entire surplus but also carrying the funding, approval and execution risk.
Self redevelopment can deliver a noticeably better outcome, but it needs a united membership and office bearers able to commit several years to running it.
Redevelopment of a co-operative housing society is governed by the directives issued under Section 79A of the Maharashtra Co-operative Societies Act. The process requires a properly convened Special General Body Meeting with the prescribed quorum and majority consent, with a Registrar appointed authorised officer present at key meetings.
These thresholds have been revised more than once, so confirm the current requirement with your society's advocate before passing any resolution.
From the first SGM to possession of the new flats, three to five years is realistic for a mid sized society. Roughly six to eighteen months of that goes on decision making, builder selection and agreement, and the balance on approvals and construction.
Societies that keep their documents in order and their members aligned move considerably faster than those that do not.
Yes, and this is often when we are most useful. We will review the offers you already hold, tell you honestly how they compare with what your plot should command, run background checks on the developers involved, and bring in additional bidders if the field is thin.
Our network is strongest in Pune and Pimpri Chinchwad, which is where we recommend societies engage us. We do have builder relationships in Mumbai, Thane, Navi Mumbai and Nashik and are happy to have a conversation, though for those cities we would tell you plainly where our reach is thinner.
One conversation costs nothing and will tell you far more than a dozen developer visits.
Speak to Leena Bhandari directly.