KAKAD ESTATE

Welcome to the official website for the redevelopment project of Kakad Estate, located in Worli, Mumbai 40018. As per 79(A) Guidelines of the Maharashtra Co-operative Societies Act 1960, we are embarking on a transformative journey to revitalize and enhance this iconic landmark. This platform aims to keep all stakeholders informed about the progress, objectives, and vision for this redevelopment endeavor. Join us as we embark on this exciting journey to create a vibrant and sustainable future for Kakad Estate and its community.

Great progress has been achieved in the redevelopment process of Kakad Estate Building. Here's a summary of our accomplishments:

• Consent from Residents: We are pleased to announce that we have successfully obtained consent from the residents in accordance with the relevant legal provisions. This crucial step reflects the unified commitment towards the redevelopment project.

• Architectural Drawings Procurement: We are procuring comprehensive architectural drawings of the building, laying the foundation for meticulous planning and design considerations. These drawings will serve as the blueprint for the redevelopment, ensuring a thoughtful and efficient approach to the project.

• Professional Survey Conducted: A thorough professional survey of the building has been completed, meticulously documenting measurements of all residential and commercial spaces within the premises. This survey provides invaluable data essential for accurate planning and allocation of resources during the redevelopment process.

These milestones underscore our dedication to transparency, efficiency, and community engagement throughout the redevelopment journey. Stay tuned for further updates as we continue to progress towards revitalizing Kakad Estate for a brighter future.

• Feasibility Study: Before proceeding with the appointment of a developer or submitting a development proposal, a comprehensive feasibility study is typically conducted. This study evaluates various factors such as the economic, technical, legal, and environmental aspects of the redevelopment project.

• Economic Viability: The feasibility study examines the financial aspects of the project, including the estimated costs of redevelopment, potential revenue from the sale or lease of units, financing options, and projected returns on investment. This analysis helps stakeholders determine whether the project is financially viable.

• Technical Assessment: The technical feasibility of the redevelopment is assessed through a detailed examination of the existing building structure, site conditions, infrastructure requirements, and proposed architectural plans. This ensures that the redevelopment can be realistically implemented and meets quality standards.

• Legal and Regulatory Compliance: The feasibility study also evaluates the legal and regulatory framework governing the redevelopment project. This includes compliance with zoning regulations, land use restrictions, building codes, and other statutory requirements. Identifying any legal hurdles or constraints early on is essential for mitigating risks and ensuring smooth progress.

• Environmental Impact: Environmental factors are considered in the feasibility study to assess potential impacts of the redevelopment on the surrounding area. This may include evaluations of noise pollution, air quality, waste management, and other environmental considerations. Mitigation measures may be proposed to minimize adverse effects.

• Risk Assessment: The feasibility study identifies potential risks and challenges associated with the redevelopment project and proposes mitigation strategies to address them. This may include risks related to market conditions, construction delays, regulatory changes, or unforeseen technical issues.

• Decision Making: Based on the findings of the feasibility study, stakeholders can make informed decisions regarding the viability and implementation of the redevelopment project. If the study indicates favorable conditions, the project can proceed to the next steps of appointing a developer and submitting a development proposal.

Overall, the feasibility study serves as a critical tool for assessing the practicality and viability of the redevelopment project, guiding decision-making, and minimizing risks throughout the process. It provides a comprehensive understanding of the project's opportunities and challenges, laying the groundwork for a successful redevelopment endeavor.