FIVE STEPS FOR BUILDING A SUCCESFUL REAL ESTATE PROJECT – RAVI GROUP METHODOLOGY

One of the prime leaders in the real estate industry in Mumbai, Ravi Group has a strong presence in suburbs with development spanning more than 9 million square feet. Ravi group has always been an inspiration for others with their spaces being affordable & comfortable for the average Mumbaikar. Being a philanthropic organization, Ravi group has revealed its five steps execution methodology:

      1.  Land Identification and Acquisition:

 It’s of crucial importance to assess the  feasibility of a project both in terms of finance  and assets like immovable property with due  diligence. After plot identification, a review of  land records, planning records and ownership  records need to be studied. This is followed up  with a communication announcing the notice in  various print media which leads to a  Memorandum of Understanding signed with the  landowner.

 2 .Acquiring Consent, Authorizations and      Approval:

 Then you need to get the required permission      from government including site approval,  planning  and various environmental approvals.  A Detailed  development proposal needs to be  submitted for  approval to the SARA OR MIDC  as the case may  be with requisite documents.

 

     3.  Project Preparation:

 Interpretation and analysis regarding cost needs  to be made, making a budget thereafter. Here, is  where you decide whether you need to go for      joint venture or partnership. Also, the crucial      decision regarding the source of finance needs  to be made.

     4.   Project Management and Execution:

 According to Ravi Group, it is important to  source necessary raw materials locally. The  Health and safety standards of the team  developing the property must never be  compromised.

   

     5.  Marketing Strategy:

 It’s not only important to provide quality  services but also make consumers aware about  it. Marketing comes naturally providing a means  of communication to consumers to help solve  their development needs.

Imbibing these five strategies by Ravi Group for upcoming projects can help you plan your Real Estate offering better.