Services

Buy side technical due diligence involves a pre investment investigation and analysis of the technical aspects involving complex local regulations, title issues, buildability, approvals review, compliance review and complete audit of the land / asset. Our typical scope includes

• Land description and synopsis.
• Title verification from Government records.
• Review of local development / zoning plan and providing comments on conditions applicable to the project.
• Analysis of FSI / FAR potential of the plot based on local zoning / development control regulations.
• Analysis of BUA / Carpet / Saleable /  Leasable Area correlation and estimation of project revenue and project costs.
• Assessment of and comments on policy and regulatory restrictions.
• Review of statutory approvals / compliances and comment on the validity, sufficiency and the adequacy of the approvals / compliances.
• Depending on the stage, comment on approvability of proposed architectural plans.
• Forecasting and listing of statutory approvals and permissions required for the Project along with timelines.
• Risk analysis and impact assessment from a statutory and regulatory perspective.
• Review and comment on transaction documents.

Sell side technical due diligence involves an independent, objective, and neutral technical due diligence commissioned by the land / asset owner with the objective to self-evaluate the quality of the land / asset and obtain a roadmap to bridge any gaps that may arise. Our typical scope includes

• Understanding strategic objectives of the land / asset owner.
• Detailed technical and statutory review of the Land / Asset.
• Analysis of market comparables and benchmarking.
• Land / asset feasibility analysis considering FSI / FAR potential of the plot and BUA / Carpet / Saleable / Leasable Area correlation.
• Comment on title of the land / asset based on Government / statutory records and provide solutions in case of any gaps.
• Advising on optimizing deal value.
• Advising on structure of the deal to ensure optimum deal value.
• Assistance in Land / asset monetization implementation

Our prime focus under approval strategy advisory is to optimize the development potential of the land / project at every step of the way to ensure maximum efficiency in planning and return on investment. Our typical scope includes

• Understanding the strategic objectives of the client with respect to the real estate project.
• Evaluating the development potential of the project and advising on optimizing FSI / FAR Utilization.
• Creating a strategy for utilizing FSI / FAR on the land and advising on a structured sequence of obtaining approvals.
• Documenting the direction and path for in-house design / liaisioning team or external liaisoning consultant for obtaining approvals.
• Review of drawings / plans / reports for regulatory approvals.

Our dedicated approvals team assists clients in obtaining regulatory approvals required during the lifecycle of a project. Our typical scope includes

– Coordination with design architects for regulatory compliances.

– Review of drawings / plans for regulatory approvals.

– Obtaining regulatory approvals from various statutory authorities viz.

• Local Body / Municipal Corporations such as BMC, TMC etc.
• Municipal Councils
• Planning Authorities such as MMRDA, CIDCO, MHADA, SRA, MIDC etc.
• State Government Departments such as Revenue Department, U.D. Department, Environment Department, Labour Department etc.
• Other Authorities such as MCZMA, Civil Aviation Authority etc.
• MahaRERA.

These services are typically required by Fund Managers (post investment), Land / Asset owners in case of a Joint Venture /Development Agreement, Developers. Our typical scope includes

• Forecasting and listing of statutory approvals and permissions required for the project along with timelines.
• Peer review of plans and reports to be submitted for approvals.
• Review and tracking of statutory approvals and compliances.
• Risk analysis and impact assessment.
• Providing solutions for gaps found.
• Physical Review of layout / land / buildings for any deviations from the approved plans / conditions.

With our commitment to be a technical partner to clients owning, developing or transaction in land or real estate asset, we offer a suite of other on-demand services to enable our clients to achieve their goals. Our services include

• Review of transaction documents / customer agreements from a regulatory and technical perspective.
• Litigation support to Lawyers / Counsels from a regulatory and technical perspective.
• MahaRERA compliances.
• Government / Policy consulting.
• Land / Circle rate / Stamp valuation for land transactions.
• Land survey.