1. Explaining and Guiding the Entire Process of Self-Redevelopment and
Redevelopment
Redevelopment projects, especially self-redevelopment, can
be daunting and complex, involving numerous stakeholders, legal
intricacies, and financial management. At Brickwave, we start by
thoroughly explaining the entire redevelopment process to our clients,
ensuring they are well-informed at every step. We provide detailed
guidance on how self-redevelopment can be a cost-effective and rewarding
alternative to traditional developer-led projects. We ensure that our
clients understand their roles and responsibilities, along with the
legal and financial implications, so they can make well-informed
decisions.
2. Preparing and Presenting Complete Project Estimation and Cash Flows
A solid financial plan is the backbone of any
redevelopment project. We prepare detailed project estimations that
include the cost of construction, legal fees, consultant fees, and more.
In addition, we develop comprehensive cash flow forecasts to help
clients understand the financial inflows and outflows at every stage of
the project. This helps in preventing financial mismanagement and
ensures the project remains viable without unnecessary delays or
stoppages.
3. Coordination with Architects and Other Consultants for Preparation of
Plans and BMC Approvals
Brickwave serves as the crucial link between clients,
architects, and other consultants. We work closely with architects to
develop plans that are not only aesthetically pleasing but also comply
with BMC (Brihanmumbai Municipal Corporation) regulations. Our team
coordinates all communication, ensuring that the plans are finalized in
a timely manner and submitted for BMC approvals. By streamlining this
process, we help to eliminate unnecessary delays.
4. Coordination for Obtaining NOCs and Permissions from Government
Authorities
Securing NOCs (No Objection Certificates) and various
permissions from government authorities can be a time-consuming and
complicated process. We handle all aspects of this coordination,
including liaising with municipal authorities, fire departments,
environmental agencies, and any other regulatory bodies. Our team
ensures that all necessary permissions are in place so that the project
can proceed without any legal hiccups.
5. Coordination with Legal Consultants/Advocates for Finalization of
Redevelopment Documents
Legal documentation plays a critical and important role in
the redevelopment process. We work closely with legal consultants and
advocates to ensure that all legal agreements and contracts are
meticulously prepared and compliant with regulatory norms. Whether it's
preparing Development Agreements, Power of Attorney, or Sale Agreements,
we ensure that all legal aspects are handled professionally to protect
our clients' interests.
6. Registration of Project with RERA and Timely Updating as per RERA
Norms
Compliance with the Real Estate (Regulation and
Development) Act, 2016 (RERA) is essential for any redevelopment
project. At Brickwave, we manage the entire RERA registration process,
ensuring that the project complies with all RERA regulations. We also
handle the regular updates to the RERA portal, ensuring that all
information remains current and that the project adheres to the
timelines and milestones outlined in the RERA guidelines.
7. Coordination with Civil and Other Contractors During Construction
Ensuring smooth coordination between civil contractors and
other specialized contractors (like plumbing, electrical, and interior
contractors) is critical for timely project completion. We serve as the
central point of contact, managing all communication and ensuring that
each phase of the construction process proceeds seamlessly. By
facilitating clear communication between all parties, we minimize delays
and ensure that work progresses according to plan.
8. Quality Control During Construction
Brickwave places a strong emphasis on quality control
throughout the construction phase. We conduct regular site visits to
ensure that construction is being carried out as per the approved plans
and specifications. Our engineering team conducts thorough inspections
to ensure that materials meet the required standards and that the
workmanship is of the highest quality. This focus on quality ensures the
longevity and structural integrity of the building, which is vital for
client satisfaction.
9. Registration of Redevelopment Project with Financial Institutions for
Approved Project Finance
Securing project finance from reputable financial
institutions is a crucial aspect of redevelopment. Brickwave assists in
the registration of the project with leading financial institutions to
obtain necessary project finance approvals. Our deep industry
relationships ensure that our clients get the best financing options,
with competitive interest rates and favorable repayment terms.
10. Assistance in Raising Funds and Project Finance
In addition to securing approved project finance, we also
assist our clients in raising the necessary funds to kick-start and
sustain the project. Whether it's through loans, private investments, or
other financial instruments, we guide our clients through the entire
fundraising process, ensuring that the project remains financially
viable.
11. Marketing and Sales Assistance for the Project
Finally, to ensure the commercial success of the
redevelopment project, we offer specialized marketing and sales
assistance. Our team develops targeted marketing strategies, aimed at
promoting the project to the right audience, be it prospective
homebuyers or investors. We also manage the sales process, ensuring that
units are sold quickly and at competitive prices, maximizing returns for
our clients.