About

What is Self Redevelopment?

Self redevelopment is a process in which the residents take on the responsibility of redeveloping the society, rather than the builder. While there are many projects undergoing redevelopment currently in Pune, self-redevelopment is set to be the next chapter that will reimagine redevelopment. With multiple advantages, from space planning to profits and timelines, self development is set to be a gamechanger.

SUNRISE by Vardhan One (Redevelopment Initiative for Self Empowered) will provide a comprehensive solution to self development in Maharashtra as per the new Development Control Regulations (DCR).

Advantages of Self Redevelopment

SUNRISE by Vardhan One promises to unlock the many benefits of self redevelopment for the people .

TOTAL RISK-FREE SELF REDEVELOPMENT

Industry experts are on-boarded to take care of every aspect of redevelopment and deliver it.

FINANCIAL SUPPORT BY BEST INSTITUTIONS

SUNRISE will act as a guarantor to get the best funding for the society, who will be the main borrower.

FAST-TRACK PROJECT DELIVERY

The 5-year expertise of Vardhan One with 9+ delivered projects translates into speedy delivery, ahead of schedule.

UNBELIEVABLE COST SAVINGS

The society enjoys massive savings on both GST and Stamp Duty.

BIGGER & BETTER RESIDENCES

Freedom to choose the redevelopment area, ensuring better planned indoors.

TRANSPARENCY FROM INCEPTIONS

Society, Bank & SUNRISE will sign a tri-partite agreement on Day 1, committing to a Balance Sheet.

INCENTIVES FOR SELF REDEVELOPMENT

Benefits like proposed 10% additional FSI, lower lending rates by banks, single window for approvals etc. The Process of Self Redevelopment

Split across 3 stages and 16 well-defined steps, self redevelopment takes care of every aspect carefully.

Stage 1

1. SELF REDEVELOPMENT CONSENT: Consent of 100% society members to take up self redevelopment. 2. INITIATE THE PROCESS: The society to approach SUNRISE with all the required details and documentation. 3. FEASIBILITY STUDY: Structuring the project cost and revenue in a manner to maximise benefits for the society. 4. APPOINTMENT OF SUNRISE: Getting written consent for appointment of SUNRISE and signing the necessary agreements.

Stage 2

5. Design Development: Preparation of unit plan, layout and elevation as per the requirement of members. 6. Land & Revenue Works: Obtaining the title search report and preparation of various undertakings required for approvals. 7. BUILDING PERMISSION: Obtaining necessary approvals from respective authorities for architectural plans. 8. PROJECT FINANCE: Arrangement of loan from financial institutions. based on the project report. 9. RERA REGISTRATION: Obtaining the RERA registration and uploading all the relevant documents including the project's Commsencement Certifcate. 10. VACATING THE PREMISES: Moving out the existing society members on receipt of Commencement Certificate and handing over of the premises to SUNRISE.

Stage 3

11. Sales & Marketing: Preparing and finalising a comprehensive sales strategy for additional units. 12. Construction & Monitoring Cash Flow: Ensuring quality and workmanship, and monitoring timely completion of the project. 13. Possession & Enrollment of New Members: Handing over the premises to old & new members on obtaining Occupancy Certificate and handing over corpus to the society.