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Builder- Association Collaborations in Century Indus

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Mr Sandeep Pai, from Century Indus, explained how the management Committee worked together with Century Developers for various initiatives like getting transfer Khata, notices from DC and also the transfer of BESCOM individual ownership. Also, the assistance to get Kaveri water, follow up on issues related to BESCOM, roads, etc. He also mentioned how ADDA helped their team in completely taking over financial management of operations and reciprocating to help from Builders.

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Builder- Association Collaborations in Century Indus

  1. 1. Builder – Association Collaboration Presented for ADDA Rise High Awards 2018
  2. 2. AGENDA: • Brief Introduction • Case Analysis of Builders assistance • Association help to Builder • Conclusion
  3. 3. About Century Real Estate and Indus • Century Real Estate has 40+ years in Real Estate arena • 3000 + acres in Land Bank • Over 20+ Million Dev Portfolio • Century Indus launched in 2009 • A gated community of 6 acres • Phase 1- 196 units ; possession in 2014 • Phase 2- 210 units ; expected possession 2019
  4. 4. Collaboration#1 : Transfer of Khata • Builder bifurcated the Khata and sent the copy to individual owners • Assisted in getting key contacts who made Khata transfer possible to unit owners name • Around 120 Khata has been received
  5. 5. Collaboration#2 : Court Notice – Adjacent Property • Govt Notice posted on neighbor property mis-interpreted • A post from resident created a panic situation in the campus • Immediate discussion was initiated with builder to get the real facts • It was confirmed by Director-CREH that notice was indeed issued to adjacent property
  6. 6. Collaboration#3 : DC Notice • A resident helped us to get the notice issued by DC Office, Revenue Dept • Immediately the copy was shared with Century Management • Management Committee decided to apprise residents only after getting more clarity • After due consultation it was decided to ask builder to apply for stay in High Court • Post this a meeting of Residents was conveyed and facts revealed
  7. 7. Other Collaboration: • Transfer of BESCOM individual ownership • Assistance to get Kaveri water • Follow up on issues relating to BESCOM, Roads etc…
  8. 8. Association’s Assistance to Builder: • Complete take over of Operations • Financial Management of Operations – Implementation of Adda • Assistance in Movement of Construction Materials to Phase-2 • Providing builder consultation on incubation of new Management Committee at other sites • Complete survey of the property • Assistance in running STP , OWC etc
  9. 9. Conclusion • Understanding between Association and Builder is vital • Any one moves in opp direction will only de-rail the progression of the campus • Need to take conscious call when to step in and step out • A win-win strategy is always adviceable
  10. 10. THANK YOU

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