Redevelopment PMC
32. Verification of all Statutory Documents Required Before Vacation of Property by Members
Before society members vacate their flats for redevelopment, it is essential to verify that all statutory approvals, legal documents, and financial safeguards are in place. Vacating possession without proper verification can expose members and the society to serious legal and financial risks.
Our Pre-Vacation Statutory Verification Service ensures that members vacate their premises only after full legal compliance and protection is confirmed.
To confirm legal readiness of the redevelopment project
To protect members before handing over possession
To ensure developer compliance with statutory conditions
To minimise risks of delay, default, or disputes
Registered Development Agreement (DA)
Registered Permanent Alternate Accommodation Agreement (PAAA)
Bank Guarantee (BG) / Performance Guarantee
Approved plans and statutory permissions
Deed of Lien and Indemnity Bond
Power of Attorney (limited and registered)
Rent and corpus disbursal arrangements (PDCs)
General Body approvals and resolutions
1. Legal Document Verification
We verify:
Registration status of all mandatory agreements
Consistency with approved terms and resolutions
Validity, enforceability, and completeness
2. Financial Safeguard Verification
We ensure:
Submission and validity of Bank Guarantees
Adequacy of security amounts
Proper rent and corpus disbursal mechanisms
3. Statutory & Approval Checks
We verify:
Required statutory approvals and permissions
Compliance with redevelopment guidelines
Readiness for commencement of work
4. Member-Wise Readiness Confirmation
We assist in:
Ensuring each member’s PAAA is registered
Verification of individual entitlements
Addressing member-specific concerns
5. Pre-Vacation Compliance Report
We prepare a:
Checklist-based verification report
Clear confirmation of readiness to vacate
Reference document for Managing Committee decisions
Benefits of Statutory Verification Before Vacation
Legal and financial protection for members
Reduced risk of redevelopment failure
Confidence before handing over possession
Strong compliance and documentation
Peace of mind for the society
We ensure that no member vacates their property without full statutory, legal, and financial safeguards in place, providing strong protection and confidence throughout the redevelopment process.