Redevelopment
Domum has inhouse capacities to provide project management services for the redevelopment of housing society. We encourage society for the self-redevelopment of their houses.
Domum services includes:
Domum has collaboration with financial institution and teams of investor to help the society in their financial needs.
Self-Redevelopment Vs Builder led redevelopment
Particulars |
Builder led Redevelopment |
Self-Redevelopment |
---|---|---|
Permissible FSI | Less | More |
Nature of process | Confidential | Transparent |
Less | High | |
Profit from project | Earned by the developer | Earned by society |
Control of the project | With the developer | With the society |
Quality of the project | Dependent on the developer | Good quality as all agencies are managed in transparency with the society |
Designs and Plans | According to developer's interest and requirement | According to society members' requirements |
Design as per members needs | Has the authority to change designs without society consent | Designs made as per member's need |
Fund Management | Developers’ Control | Society's control |
Expertise for the entire project | Has the experience in-house and or works with his networks | Different experts/ agencies for each work are appointed with society’s consent |
Depends on various activities taken care of by the developer; society has no say | Depends on society’s ability to manage and approve all resources and the entire program | |
Funds for the project | Developer put his own money/ gets investments | Society generates money through self-funding or loans from financial institutions |
Knowledge about the entireprocess | Have to depend on developers | Have expert panel for each and every process |
Managing the entire program and all the experts/agencies | Has the requisite management capability | Expert agencies appointed by the society take care of the entire program |
Risk Management | In the interest of the developer | In favor of society members to ensure that program completes within the projected time line with the project benefits for the society |
Financial Model for self-redevelopment
Modes |
100% Funded By Society |
100% Funded By Banks |
Partly Funded by NBFC & Balance by Bank |
Fundedby Individual/Company |
Redevelopment By Builder |
---|---|---|---|---|---|
Risk | Least Risk | Least Risk | Moderate Risk | Medium Risk | High Risk |
Control | 100% over the project | 100% over the project | 80% over the project | 50% control | 0% control |
Quality | Self Controllable | Self Controllable | Partially self control | Medium level of control/td> | No Controls |
Area Benefit | In Your own hand | In Your own hand | In Your own hand | As per agreements | 20% maximum |
Time Control | Full | Full | Moderate | Moderate | Nill |
Corpus & Rents | Self Decision | Self Decision | Self Decision | Self Decision | As Builder Wish |
Projects Completed
Fresh Ideas
Satisfied Clients
Cups of Coffee