Redevelop Your Building – Atharva Developers

To redevelop your building, please get in touch with us

Projects Completed

0 +

Homes Delivered

0 +

sq ft constructed

0 +

years of experience

0 +

Our guiding principles while developing properties

Quality Focus

We meticulously design each building with personalized attention to details, partner with leading design and construction experts, and use highest quality of construction material

Operational excellence

We strive to deliver projects on / before promised time by closely monitoring construction operations, efficient planning, and strict adherence to regulatory processes

Ethical conduct

We believe transparent communication and integrity in dealing with all parties including land owners, homebuyers, and business partners

Frequently asked questions

What documents are required from owners / societies before initiating redevelopment?

Important documents to keep ready are –

Conveyance deed to confirm transfer of property to the owner or society,

Property card which confirms the land title, society name, plot area, and status of land (free hold vs. lease hold)

Existing approved building plan which contains details of current area occupied by owners / tenants / society members
Encumbrances or litigations concerning the plot

What compensation can owners / society members expect through redevelopment? What factors determine the compensation amount?

One time corpus or “hardship compensation”
Monthly rent payment
Additional area above the existing area occupied by owners / tenants, society members

Compensation is determined by several factors, the most relevant ones being – i) Plot size and existing area occupied by owner / tenants, society members, ii) FSI potential of the plot considered for development, iii) Location of the building

What are the important legal documents are sanctioned by authorities during the course of redevelopment?

IOA (Intimation of Approval) – Approval of project plans from municipal authorities

Commencement certificate (CC) – Authorization for a developer to commence construction
Occupation certificate (OC) – Final document which marks the project as completed

What will the development journey look like? What are the key steps to developing my plot?

Procurement of initial documents by owner / society (conveyance deed, property card, existing approved building plan
Exchange of Offer Letter to the owner / society by developers
Execution of Development Agreement with owner / society
Issue of Intimation of Approval (IOA) / sanctioning of plan
Shifting of tenants / members to alternate accommodation followed by building demolition
Obtaining Commencement Certificate (CC) to begin the construction
Obtaining Occupation Certificate (OC) once the project is completed
Possession of flats and society formation