Role of a Property Development Consultant in India

I. INTRODUCTION

Property Development Consultancy in India is very essential as most of the developments carried out in our country is not based on Gated Community. Sixty percent of developments observed throughout the country is developed by Budding Local unprofessional Developers supported by Local Politicians, political parties and goons. Gated Communities has facility of strictly controlled entrances for pedestrian’s, bicycles and automobiles. It is generally observed that Gated communities usually consist of small residential streets and includes various shared amenities. For smaller Communities the shared amenities include only a park or other common area.

Now onwards requirements of undermentioned shared amenities in gated communities are felt:

• Bowling Alleys
• Tennis Courts
• Swimming Pools
• Clubhouse
• Community Centre
• On site dining
• Playgrounds
• Spa including exercise rooms with workout machines
• Co-working spaces with Library

Brazil, Pakistan, Argentina, South Africa has gated communities with facilities as Public Parks, Schools, Hospitals, Shopping Malls, Gymnasiums and country club etc. Their developed townships, societies and apartments are 24/7 heavily guarded with facial recognition system to grant residents and domestic workers entry into the compound.

Now time has come that we shall hire professional Property Development Consultants who ensures development in toto by abiding by laws laid out by Local Development Authorities. Developments with almost identical external facades of Low-rise Dwelling units and Apartments not only attract customers but also curb stigma of being ostentatious or Showy residents.

Real Estate Development or property development is a business process encompassing activities such as purchase of raw land and the sale of developed land or parcels to others after designing the whole site with infrastructure facilities i.e., Roads, Paths for walking & cycling, Drainage Lines, Sewerage system, Sewerage treatment plant, open parks, vehicle covered parking spaces etc. through professionally Qualified property development consultants.

In Todays scenario we perceive that Most of upcoming Budding Developers starts selling their property options and recruits consultants only after arranging funds to complete their Land parcel Sale & purchase agreements signed with land owners gets accomplished or Land registry is completed. They pick up underqualified employees who guide them to utilize maximum FAR without focusing on Amenities required to generate good & long term Sales & Marketing of the project. It is generally noted that almost every second project in the country gets stuck and initial investors do not give subsequent payments except booking amount. As they do not find any progress at site. No project can move smoothly until Developers receive 40% of Sales amount from Initial investors. One shall be selective in picking employees and engaging Property Agents/Consultants. Booking shall never be done with investors who are not willing to invest 40% of Sales amount with Developers.

All Consultants including Property agents shall be recruited in advance and only selective employees shall be hired who can vouch on credentials of these consultants. Direct Booking with the customers shall always be avoided as it shall be the moral responsibility of every property agent/consultant engaged with the project to extract 40% of Sales amount from initial investors.

We directly/indirectly guide and help our clients (Developer) at every stage of project for smooth transition so that probability of Project getting stuck do not happen in wants of funds.

Undermentioned Services are offered by us for smooth transition:

• Site Selection and due diligence
• Zoning and permitting assistance
• Feasibility Studies and Market Analysis
• Sales and Marketing Strategy
• Sustainable and green building practices
• Project Management & Budgeting
• Risk Assessment and mitigation

Advantage of engaging “Maven Construction Management Consultant” as Property Development Consultant are:

• MCMC has expertise in Local regulations and compliance
• MCMC has access to market insights and trends
• Efficient Project Management Consultancy firm
• MCMC has expertise in Risk management and Financial optimization.

Our firm objective is to ensure that all projects picked up by us shall gets accomplished within the time frame and specifications including amenities highlighted by us at the time of Booking as given in project Brochure. Benefit of increased FAR shall be exhausted in additional amenities such as Commercial spaces, shared co-working business centers etc.