We are a dynamic real estate enterprise committed to timely and quality transformation of existing housing societies to modern integrated complexes. Our redevelopment reflects the traditional charm of Indian culture whilst combining contemporary elements to suit the modern Indian family.
With a combined time, span of almost three decades of rich and varied experience in the real estate industry, the founders have been involved in the execution of over 7 million plus square feet of development of residential projects across Mumbai and Goa. PRO-DEV is currently working on various projects, which are under various stages of redevelopment.
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Projects
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+ Million sq ft transformed
Multiple specialists serve different responsibilities at appropriate stages in every development programme. Experts with specific expertise such as Design Architects, Structural Consultants, MEPF Consultants, Contractors, Legal, CAs, etc. are brought to the table. The project's success depends on understanding the proficiency and correctly matching it to the project's requirements. These professionals have already been appointed to the board for the society's convenience and quick access.
| Project Name | Location | Area (Sqft) |
|---|---|---|
| THE ADDRESS | GHATKOPAR WEST | 28,00,000 sq.ft. |
| PALM BEACH RESIDENCY | PALM BEACH ROAD, NAVI MUMBAI | 24,00,000 sq.ft. |
| ANANTAM PHASE 1 | DONA PAULA, GOA | 5,00,000 sq.ft. |
| PLATINA | THANE | 2,00,000 sq.ft. |
| SOLITAIRE | THANE | 2,00,000 sq.ft. |
| CREST | VILE PARLE EAST | 1,00,000 sq.ft. |
| OCEAN CREST | BAMBOLIM, GOA | 84,000 sq.ft. |
Multiple specialists serve different responsibilities at appropriate stages in every development programme. Experts with specific expertise such as Design Architects, Structural Consultants, MEPF Consultants, Contractors, Legal, CAs, etc. are brought to the table. The project's success depends on understanding the proficiency and correctly matching it to the project's requirements. These professionals have already been appointed to the board for the society's convenience and quick access.
Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh tempor cum soluta nobis consectetuer adipiscing eleifend option congue nihil imperdiet doming…
Multiple specialists serve different responsibilities at appropriate stages in every development programme. Experts with specific expertise such as Design Architects, Structural Consultants, MEPF Consultants, Contractors, Legal, CAs, etc. are brought to the table. The project's success depends on understanding the proficiency and correctly matching it to the project's requirements. These professionals have already been appointed to the board for the society's convenience and quick access.
Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh tempor cum soluta nobis consectetuer adipiscing eleifend option congue nihil imperdiet doming…
Multiple specialists serve different responsibilities at appropriate stages in every development programme. Experts with specific expertise such as Design Architects, Structural Consultants, MEPF Consultants, Contractors, Legal, CAs, etc. are brought to the table. The project's success depends on understanding the proficiency and correctly matching it to the project's requirements. These professionals have already been appointed to the board for the society's convenience and quick access.
Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh tempor cum soluta nobis consectetuer adipiscing eleifend option congue nihil imperdiet doming…
Since redevelopment is of common interest to all members, major decisions have to be taken by the Society with the consent of General Body.
Necessary Resolutions should be approved in the General Body Meetings.
The redevelopment process takes time which includes the following Stages.
The Government of Maharashtra has issued specific guidelines to streamline the process of redevelopment to eliminate any discrepancies and
to avoid any delay by reducing the time required for the redevelopment process
The Real Estate regulation and development act of 2016 was introduced and passed by the central government of India in order to safeguard home buyers and to also encourage investment in the real estate industry. Buyers’ grievances can be directed to MAHARERA for a quick resolution. The act covers the end to end process of purchasing a home, as well a redevelopment.
A Cooperative Housing Society may provide a limited power of attorney to a developer in order to obtain the necessary approvals. Some of the essential approvals needed (but not limited to) are: NOC from the chief fire officer, Traffic NOC, storm water NOC, NOC from BMC for water, NOC for a borewell, building proposal department’s approval, among others.
Transparency is one of the most important factors to be considered during redevelopment. All the necessary terms and conditions must be listed and documented beforehand. No conditions should be accepted orally. Illegal activities are absolutely not permitted during the process of redevelopment
There are several factors that go into determining the value of the offer. Each project’s feasibility varies on several things, some of which are the existing utilization of the building, the plot, and how it is connected to the road, and sometimes even if road widening is needed
Existing housing society members can purchase additional area from the developer. As existing members, they may be able to enjoy preferential rates. The payment terms will be worked out as per the progress of work. Member’s heirs may also purchase area and can become co-owners by availing housing loans if needed
In a redevelopment project the stamp duty registration and statutory payments on the area are borne and paid for by the developer. Any pending payment of the existing members shall be borne by themselves. If a housing society member purchases additional area, all payments such as Stamp Duty, Registration, GST etc. will have to be borne and paid by them
A cooperative housing society works on a majority and is not run by an individual. A majority of 75% votes is required to carry out a redevelopment project. No individual member for his personal gains can stall the redevelopment of a project
Once a developer is selected, and the development agreement is registered, it takes about six months to get the necessary permissions from the Municipal Corporation following which the construction can commence.
+91-77384 00859
301, Zee square, Above Manyavar store, M G Road, Opp Bank of Baroda, Vile Parle East,
Mumbai - 400057
