- Kothrud, Pune
- meritredevelopmentconsultants@gmail.com
- Kothrud, Pune
Structural Damage: Over time, buildings develop cracks, rusted iron rods, and leakage which weaken the structure.
Lack of Amenities: No lifts, no parking, poor sanitation, and absence of fire-fighting systems.
High Maintenance: The cost of repairs increases every year, making it financially stressful for members.
No Resale Value: Older properties have little to no market demand and often get rejected by banks for loans.
Redevelopment is the process of reconstructing an old or dilapidated building into a brand-new, modern structure. It involves tearing down outdated buildings and replacing them with safer, well-equipped, and aesthetically pleasing developments—at no extra cost to the society members.
Buildings older than 30-40 years often become structurally unsafe, with problems like cracks, leakages, and lack of amenities. Redevelopment provides an opportunity to rebuild these properties to meet today’s safety standards and lifestyle needs.
Members receive a brand-new flat with additional space, better design, and superior quality construction without investing any money.
Depending on the project feasibility and FSI rules, members can receive more carpet area than their current flat.
New redeveloped buildings include facilities like lifts, intercom, CCTV, fire systems, garden, gym, solar systems, and rainwater harvesting.
During the construction period, members receive monthly rental compensation or temporary accommodation at the developer's cost.
All documentation including MOU, Development Agreement, POA, and RERA registration is done to ensure transparency and security for all stakeholders.
The new structure often comes with 5-10 years of maintenance-free warranty or a lifetime maintenance fund for the society.
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REPAIR
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REDEVELOPMENT
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The repair work can increase life of the building by 3 to 4 years and the problems can reoccur after few years
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The old buildings are designed with old construction norms and hence cannot withstand with new climatic and geographic conditions. New building is constructed with new construction norms and hence can withstand with new climatic and geographic conditions.
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New building is constructed with new construction norms and hence can withstand with new climatic and geographic conditions.
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For repairs members have to spend money In redevelopment, members get Benefits in terms of money as well as additional area.
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In redevelopment, members get Benefits in terms of money as well as additional area.
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In old building the steel inside concrete beams and column starts corroding after 20 years which cannot be treated in repair.
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As the building is new this issue of corrosion of steel does not arise.
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At Merit, we bring over 14+ years of experience and a proven record across 125+ societies. Our expert team of legal, technical, and financial advisors handles everything—from feasibility reports and legal checks to developer selection and project handover. With us, transparency and results are guaranteed.
5500+ families impacted
50+ lakh sq. ft. under redevelopment
Developer Tender Management
Legal drafting of 80% safeguard clauses
Feasibility Report & PMC Supervision
Post-handover support
Modern elevation with designer lobby
Earthquake-resistant RCC structure
High-speed lifts with power backup
Gym, clubhouse, garden, CCTV
Rainwater harvesting, solar panels
Reserved parking and recreational areas
This is how we guide your society from an old structure to a brand-new modern home—legally, technically, and financially sound.
Initiation by Members (Section 79A Rule)
Redevelopment begins when at least 1/5th of society members submit a requisition to the Secretary requesting a Special General Body Meeting (SGBM). This meeting discusses the need for redevelopment and outlines issues like structural damage, leakage, lack of amenities, etc.
Quorum: 2/3rd members must attend
If quorum fails, the meeting is postponed by 7 days
Resolution must be passed with minimum 51% approval
Once the resolution for redevelopment is passed, the society appoints a qualified Project Management Consultant (PMC) through majority voting. The PMC becomes the society’s expert advisor for:
Feasibility analysis
Developer shortlisting
Legal & financial review
Construction monitoring
End-to-end coordination
Merit Redevelopment Consultants is currently PMC for over 125 societies across Maharashtra.
The PMC conducts a detailed feasibility study, which acts as the backbone of the redevelopment decision.
Key tasks include:
Measurement & area verification using AutoCAD
FSI, TDR & zoning analysis as per latest UDCPR rules
Structural assessment & potential development scope
Developer profitability calculation
Carpet area & corpus estimation
This report helps the society take data-backed decisions and negotiate better offers with developers.
A transparent developer selection process begins:
A professional tender document is drafted and published in minimum 2 newspapers (including 1 Marathi)
Multiple reputed developers are invited to submit offers
Tenders include technical & financial qualifications, past projects, and redevelopment plans
A comparative chart is created showing offers, benefits, and timeline of each developer
Society, along with PMC, shortlists the most suitable developers based on value, experience, and financial strength.
From the shortlisted developers (usually 3-5), final selection is made via:
Site visits to ongoing or completed projects
Personal presentations by developers
Review of legal, technical, and financial capabilities
Developer interviews
The final decision is taken in an open voting system in presence of the Deputy Registrar or Grade-1 Officer and recorded via video.
Once the developer is finalized, a legally binding Development Agreement is signed.
Key documents and actions include:
MoU (Memorandum of Understanding)
Development Agreement with penalty clauses
Power of Attorney to developer
PAAA (Permanent Alternative Accommodation Agreement) with each member
RERA Registration
NOCs from Deputy Registrar and Municipal Authorities
The agreement includes detailed timelines, rent, corpus, area, penalty for delay, etc.
Before demolition begins, the developer provides rent compensation or temporary alternative accommodation to all members. The agreement must ensure:
Timely rental payment (no bank stop instructions)
Shifting expenses paid by developer
Advance rent for 6–12 months depending on project
Regular communication and relocation support from PMC
Once all permissions are received:
Demarcation, Commencement Certificate (CC) and zone certificates are obtained
Flats are vacated within 45 days
Site is secured and old structure is demolished
Bhoomi Pujan Ceremony marks the start of construction
A bar chart is shared showing construction milestones
During the construction phase, Merit PMC ensures quality, speed, and compliance:
Activities include:
RCC & Structural checks
Soil testing & seismic compliance
Slab level checks, DPC layer, wiring, plumbing monitoring
Regular site inspections, monthly reports
CCTV access for members
Amenities (lift, gym, terrace garden) are cross-checked as per tender
Use of standard material (TMT steel, OPC cement, river sand, etc.)
Goal: Delivery of a strong, legal, earthquake-resistant building.
After completion, the society receives:
Flats with Occupancy Certificate (OC)
All amenities as promised
Post-completion General Body Meeting
New committee formation via elections
Transfer of registers, documents, and PMC final report
Developers hand over corpus fund, betterment charges, and original documents to society. Society welcomes new members and begins a fresh chapter in a modern, secure environment.
At Merit Redevelopment Consultants Pvt. Ltd., we transform visions into reality. Established in 2023, we are a dynamic and innovative subsidiary of Merit Housing Solutions India Pvt. Ltd., a pioneering company in consultancy with a legacy dating back to 2009.
Office No.2, 3 & 5, 2nd Floor, Mokate Building, Near Shivaji Maharaj Statue, Opp. Thorat Garden, Londhe Wada, Chaitanya Nagar, Kothrud, Pune, Maharashtra.
9860696959 / 9730306060 / 9860910493 / 8600999952
merithousing@gmail.com / meritredevelopmentconsultants@gmail.com
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