Society Redevelopment Tracker
Official self-redevelopment tracking portal for Samrat Ashok CHS Ltd. Members can review project roadmap milestones, bank financing progress, PMC updates, municipal approvals, and society resolutions under Section 79A and Maharashtra Self-Redevelopment directives.
Formula: Weighted phase average • Status as of 2026-10-25
Redevelopment Agreements & Legal Framework
Manually maintained summary of key contract terms, tender parameters, and direct links to downloadable verification records.
The Society is undertaking self-redevelopment pursuant to resolutions under Section 79A of the Maharashtra Co-operative Societies Act and State Government Self-Redevelopment Guidelines. Project feasibility reports, bank term sheets, architectural plans, and contractor tender circulars will be published in the Document Library as approved.
Available Redevelopment Documents & Feasibility Reports
No redevelopment documents currently published
Approved feasibility studies, architectural tenders, and registered agreements will appear here once executed.
Phase Timeline & Status Log
Click any phase to expand its summary, sub-tasks, and dated updates
1 Society Resolution & Feasibility (Self-Redevelopment)
Current Stage
Planned: 2026-10-01 to 2026-11-30 In Progress 90%
Society Resolution & Feasibility (Self-Redevelopment) Current Stage
Summary
Convening general body discussions under Section 79A and State Self-Redevelopment Guidelines, structural feasibility reviews, and recording member consensus to execute self-redevelopment.
Phase Checkpoints & Approvals
Phase Progress Log
2 Architect & PMC Appointment
Schedule pending milestone initiation
Not Started 0%
Architect & PMC Appointment
Summary
Selection and appointment of a certified Project Management Consultant (PMC) and architectural team through the bank-assisted selection process to draft the Detailed Project Report (DPR).
Phase Checkpoints & Approvals
3 Bank Loan Sanction & Financial Closure
Schedule pending milestone initiation
Not Started 0%
Bank Loan Sanction & Financial Closure
Summary
Finalization of DPR and financial models, submission of loan application to The Thane District Central Co-operative Bank, written confirmation of interest terms, and formal sanction.
Phase Checkpoints & Approvals
4 VVCMC Municipal Approvals & IOD
Schedule pending milestone initiation
Not Started 0%
VVCMC Municipal Approvals & IOD
Summary
Submission of architectural building layouts to Vasai-Virar City Municipal Corporation (VVCMC), CFO fire safety clearance, environmental NOCs, and receipt of Intimation of Disapproval (IOD).
Phase Checkpoints & Approvals
5 Contractor Tendering & Builder Selection
Schedule pending milestone initiation
Not Started 0%
Contractor Tendering & Builder Selection
Summary
Issuance of transparent public tenders for an EPC (Engineering, Procurement, and Construction) civil contractor, comparative technical evaluation, and member approval.
Phase Checkpoints & Approvals
6 Transit Accommodation & Vacating
Schedule pending milestone initiation
Not Started 0%
Transit Accommodation & Vacating
Summary
Agreement on new flat allotment matrices, disbursement of advance transit rent from the project loan fund, utility meter disconnections, and peaceful handover of premises.
Phase Checkpoints & Approvals
7 Building Demolition & Plinth CC
Schedule pending milestone initiation
Not Started 0%
Building Demolition & Plinth CC
Summary
Perimeter safety barricading, green mesh installation, mechanical demolition of existing structures, debris disposal, and issuance of Plinth Commencement Certificate (CC).
Phase Checkpoints & Approvals
8 Civil Construction & Quality Oversight
Schedule pending milestone initiation
Not Started 0%
Civil Construction & Quality Oversight
Summary
Piling, foundation, RCC superstructure for residential flats and ground-floor shop line, monitored via independent quality audits by the appointed PMC and bank inspection teams.
Phase Checkpoints & Approvals
9 MahaRERA Sales & Full Occupation Certificate
Schedule pending milestone initiation
Not Started 0%
MahaRERA Sales & Full Occupation Certificate
Summary
MahaRERA project registration, sale of surplus residential units and shop line to service and settle the bank loan, finishing installations, and receipt of Full Occupancy Certificate (OC).
Phase Checkpoints & Approvals
10 Possession, Loan Closure & Final Settlement
Schedule pending milestone initiation
Not Started 0%
Possession, Loan Closure & Final Settlement
Summary
Handover of brand-new expanded homes to society members, complete closure and release of bank loan mortgage, transfer of surplus society funds, and project completion audit.
Phase Checkpoints & Approvals
Chronological Project Update Log
Combined historical record of all subcommittee actions and milestones
SGM Resolution & Member Consent Recorded
Financing Proposal Discussed: The Thane District Central Co-op Bank Ltd
Frequently Asked Questions (FAQ)
Key answers regarding Section 79A rules, PMC duties, transit rent, and bank guarantees
What is Self-Redevelopment and how does it benefit our society?
In self-redevelopment, the society acts as its own promoter and retains complete ownership of land and surplus potential rather than selling out to a private builder. With support from cooperative banks providing up to 95% project financing, the society appoints an independent PMC and EPC contractor, maximizing carpet area gains and commercial shop-line proceeds directly for members.
What is the role of the Project Management Consultant (PMC)?
The PMC acts as the society's independent technical and legal execution arm. Under self-redevelopment, the PMC prepares the Detailed Project Report (DPR), obtains municipal approvals from VVCMC, prepares contractor tenders, supervises daily construction quality, and certifies progress milestones for bank loan disbursements.
How will the project loan be funded and repaid?
Project funding of up to 95% of total development cost is financed by designated cooperative banks (such as The Thane District Central Co-op Bank Ltd) with an initial 2-year moratorium followed by a 3-year repayment window. The loan is serviced through the sale of surplus residential flats and commercial shop-line units.
How are members protected throughout the self-redevelopment process?
All project funds are disbursed through a monitored escrow mechanism tied strictly to PMC-certified construction milestones. Every major decision—from PMC appointment to contractor selection and financial terms—is voted on during Special General Body Meetings (SGMs) under Section 79A directives.