Redevelopment

Reviving Landmarks, Envisioning
the Timeless Future.

01. Submission of Offer

Offer submission must include all required documents and terms, ensuring compliance with redevelopment guidelines and legal frameworks

02. Tentative Plan Submission

Submit your redevelopment’s tentative layout and planning documents within 30 days of receiving the offer letter.

03. Plan Finalization & Redevelopment Agreement

Finalize plans and execute the redevelopment agreement within 90 days of receiving the offer.

04. IOD & FSI Approval

Obtain Intimation of Disapproval (IOD) and sanctioned FSI approvalswithin 6 months of the redevelopment agreement signing.

05. Premises Vacating

Vacate premises within 45 days’ notice, once the developer fulfills all agreed pre-conditions and legal formalities

06. Demolition & CC

Complete demolition and obtain Commencement Certificate (CC) within 2 months of receiving the Letter of Evacuation

07. Full OC

Obtain Full OC within 42 months of LOE, including 36 months of construction and 6-month grace period.

08. Possession to Members

Possession will be handed over within 30 days of receiving Full OC, with complete water and electricity connection.

Redevelopment Form

Faq

To initiate the redevelopment process, key documents such as the society’s registration certificate, property card, land ownership records, building plans, and member consent forms are essential. Additionally, utility bills, conveyance deed, and structural audit reports may be required. At Time Realty, we assist each society with a tailored documentation checklist to ensure a seamless start to the journey.
The timeline for a redevelopment project varies based on the complexity, approvals, and scale of the development. Typically, the process—from initial planning and approvals to construction and handover—can take anywhere between 24 to 36 months. At Time Realty, our decades of experience allow us to streamline operations while maintaining the highest standards of quality and compliance.
Choosing the right developer is a pivotal decision. Societies usually evaluate developers based on financial stability, project experience, design vision, past delivery track record, and legal compliance. At Time Realty, our legacy of over four decades and a reputation for transparency and integrity often speaks for itself. We believe in building lasting relationships grounded in trust and results.
Before signing any redevelopment agreement, it’s crucial to conduct thorough legal due diligence. This includes verifying the developer’s credentials, ensuring clear title of the land, understanding the terms of the Development Agreement, and securing member approvals. We encourage societies to involve independent legal experts. Time Realty works closely with all stakeholders to ensure every legal step is thoughtfully addressed.
Redevelopment involves a range of statutory approvals such as the Intimation of Disapproval (IOD), Commencement Certificate (CC), environmental clearance (if applicable), and No Objection Certificates (NOCs) from relevant departments. With our deep understanding of regulatory frameworks, Time Realty navigates these approvals with efficiency and precision, ensuring compliance at every phase.