Colliers is a leading diversified professional services and investment management company. At Colliers, we have been providing technical due diligence services for the past couple of years. The clientele base for such services is from various fields like investment firms, national/international banks, developers, overseas financial institutes, multinational companies, etc. I have been part of various Technical Due Diligence assignments from the Western region, which has been an enriching experience as I dealt with multiple aspects of projects, including the research involved in exceptional cases.
There are varieties of projects that have come to Colliers for due diligence to date, right from Greenfield with only land parcel available with the Client to know its full potentials for buildability – a completed and operational building for the potential buyer to acquire. Be it Greenfield or an active project; we approach each project with clinical methodology, standard protocols, checklists, and scales to measure development characteristics. Our dedicated team of experts from architectural, engineering, and services backgrounds with years of professional experience has formulated Standard Operating Procedures. The team dedicated to each project physically visits the site. It evaluates the same in various aspects, right from pre-construction approvals, legal standards, remarks on design parameters, and DBRs of non-built structures. For completed buildings checking of as-built conditions with respect to design, all construction approvals from statutory perspective, comprehensive review of all MEP & BMS services laid in the building, AMCs of high side equipment, yearly reporting to governing authorities for operational projects, etc. We check the availability of the documents and assess the matter within the same and then highlight the discrepancies or non-compliance inbuilt conditions, if any.
In some cases, clients have specifically approached Colliers for understanding the potential of the proposed development and its buildability w.r.t. prevailing statutory authority norms. Our team has successfully presented the holistic study on these developments with all possible configurations and shortcomings involved. For example, there was a Slum Rehabilitation Project located in the upmarket Mumbai suburbs. We had investigated the complete methodology - from authorization of particular habitats as an eligible slum for redevelopment – to its potential FSI calculations along with pre-construction, during construction, and post-construction requisites as laid by SRA-Mumbai. We presented the review of all the approvals to the Client, a list of further validations required from authorities, scheduled timelines, and estimated cost of the project, along with our recommendations on the way forward.
Another example would be due diligence to guide the Client regarding the FSI feasibility and building configuration for a plot located in a prime area of Pune city. Our team presented the Client with complete interpretations of UDCPR 2020 of Maharashtra state with a couple of options offered to the Client, allowing to tap maximum buildability on a given plot with our associated experts in this field. The final report also covered the fair idea about the timelines and cost differentiation involved in approvals processes for options shared to allow further informed decisions by the project team.
To summarize, with our in-house expertise and a strong network of consultants in the Western region, we have successfully delivered detailed due diligence reports with thorough insights and proposed recommendations to overcome any anomalies. We invest in relationships with our clients and understand their business. Our experts offer tailor-made solutions which help them accelerate their success. We also believe in forming a long-term relationship with all our clients. We are always there to support the Client even after submitting the final report, safeguarding the projects, and turning the Client’s interest. After all, our ultimate aim is client satisfaction!
There are varieties of projects that have come to Colliers for due diligence to date, right from Greenfield with only land parcel available with the Client to know its full potentials for buildability – a completed and operational building for the potential buyer to acquire. Be it Greenfield or an active project; we approach each project with clinical methodology, standard protocols, checklists, and scales to measure development characteristics. Our dedicated team of experts from architectural, engineering, and services backgrounds with years of professional experience has formulated Standard Operating Procedures. The team dedicated to each project physically visits the site. It evaluates the same in various aspects, right from pre-construction approvals, legal standards, remarks on design parameters, and DBRs of non-built structures. For completed buildings checking of as-built conditions with respect to design, all construction approvals from statutory perspective, comprehensive review of all MEP & BMS services laid in the building, AMCs of high side equipment, yearly reporting to governing authorities for operational projects, etc. We check the availability of the documents and assess the matter within the same and then highlight the discrepancies or non-compliance inbuilt conditions, if any.
In some cases, clients have specifically approached Colliers for understanding the potential of the proposed development and its buildability w.r.t. prevailing statutory authority norms. Our team has successfully presented the holistic study on these developments with all possible configurations and shortcomings involved. For example, there was a Slum Rehabilitation Project located in the upmarket Mumbai suburbs. We had investigated the complete methodology - from authorization of particular habitats as an eligible slum for redevelopment – to its potential FSI calculations along with pre-construction, during construction, and post-construction requisites as laid by SRA-Mumbai. We presented the review of all the approvals to the Client, a list of further validations required from authorities, scheduled timelines, and estimated cost of the project, along with our recommendations on the way forward.
Another example would be due diligence to guide the Client regarding the FSI feasibility and building configuration for a plot located in a prime area of Pune city. Our team presented the Client with complete interpretations of UDCPR 2020 of Maharashtra state with a couple of options offered to the Client, allowing to tap maximum buildability on a given plot with our associated experts in this field. The final report also covered the fair idea about the timelines and cost differentiation involved in approvals processes for options shared to allow further informed decisions by the project team.
To summarize, with our in-house expertise and a strong network of consultants in the Western region, we have successfully delivered detailed due diligence reports with thorough insights and proposed recommendations to overcome any anomalies. We invest in relationships with our clients and understand their business. Our experts offer tailor-made solutions which help them accelerate their success. We also believe in forming a long-term relationship with all our clients. We are always there to support the Client even after submitting the final report, safeguarding the projects, and turning the Client’s interest. After all, our ultimate aim is client satisfaction!
