Statutory Approvals
Introduction
At Vensys Group, we specialize in delivering comprehensive statutory approvals services, ensuring your real estate projects comply with all necessary legal and regulatory requirements. Our expert team navigates the complex landscape of permissions and clearances, facilitating a smooth and efficient approval process for your developments.
Scope of Services
We conduct thorough due diligence on existing approvals, assessing their validity, sufficiency, and adequacy. Our analysis identifies any gaps and outlines the necessary steps to obtain remaining approvals, ensuring your project progresses without legal hindrances.
Understanding the Floor Space Index (FSI) or Floor Area Ratio (FAR) is crucial for maximizing your project’s potential. We analyze zoning regulations, road widths, plot reservations, height restrictions, and other development control norms to determine the optimal buildable area for your site.
Our team ensures accurate correlation between FSI area, built-up area (BUA), construction area, and saleable area. This validation is vital for financial planning, sales strategies, and overall project feasibility.
We assess all development and policy constraints specific to your project site, including environmental regulations, heritage considerations, and other statutory limitations, providing strategic solutions to navigate these challenges.
A well-structured construction schedule is essential for timely project completion. We evaluate your master schedule and phasing plans, offering insights to optimize timelines and resource allocation.
Our experts scrutinize your project budget, analyzing each cost component to ensure realistic and efficient financial planning. We consider construction schedules, market rates, and potential design modifications to provide a comprehensive cost assessment.
Compliance with the Real Estate (Regulation and Development) Act, 2016, is mandatory for real estate projects. We guide you through the RERA registration process, ensuring adherence to all regulatory requirements and timelines.
Identifying potential risks early is key to project success. We evaluate various risk factors, including regulatory delays and compliance issues, and develop mitigation strategies to safeguard your investment.