The Special General Body Meeting held on 14 September 2025 focused primarily on the redevelopment feasibility report and the evaluation of shortlisted developers.

PMC representative Mr Dhargalkar, along with architect Mr Aditya Dandekar, presented the feasibility assessment under Regulations 33(11) and 33(7)(B) + 33(20)(B). Members discussed the estimated project cost, revenue, profitability, FSI and the differences between the two regulatory routes.

A major discussion concerned the availability and transfer of PTCs, the approval process and the relative risks associated with 33(11) and 33(20)(B). The PMC explained that 33(20)(B) could provide a more streamlined route, while 33(11) involved the Slum Rehabilitation Authority and potentially more complex approvals.

The meeting then moved to the shortlisted developers. The PMC explained the technical and commercial evaluation methodology and highlighted the importance of eliminating deviations from the tender terms.

Members discussed whether the society should immediately reduce the number of bidders. However, the Managing Committee clarified that no shortlisting resolution could be passed because it was not included in the agenda. Further negotiations with the developers were therefore planned before the final shortlisting.

The General Body also approved a process note for appointing consultants, appointed Gokhale & Sathe as financial consultants, and discussed the proposed appointment of an additional technical consultant for feasibility work. The proposed appointment of Naren Kuwadekar was ultimately defeated after concerns were raised regarding a Council of Architecture notice.