What to look for in a PMC/ Development Manager for Self-Redevelopment
Since Self-Redevelopment is in its nascent stage, many societies are still unsure about what to expect and what not to expect from the PMCs. In this confusion, they might end up going with PMCs that have limited capabilities and little or no experience in handling self redevelopment projects. Taking advice from such PMCs may lead to challenges in project planning and execution, and sooner or later, the societies will face pitfalls and might get stuck with a delayed or incomplete project.
Hence, it is very important to select the right PMC for a self redevelopment project. The pointers mentioned below can be referred to for minimum requirements:
- Experienced in Self-Redevelopment
- Having a complete process for Self-Redevelopment
- A seasoned team of professionals
- Ability to foresee and mitigate risks
- Ability to take society through structured decisions
- Transparency with timely reports
- High quality standards for design and construction
- Good understanding of Govt. norms and expertise in liaisoning
- Experience of managing different societies and their self redevelopment projects through their entire lifecycle
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