Feasibility

Five lenses on one plot — title, FSI, financial, market, construction cost — converging to a go/no-go decision.

What it is

Feasibility is the multi-disciplinary assessment that decides whether a plot becomes a project. Five lenses run in parallel: title review (Legal), FSI verification (Liaison), area statement (BD), financial model (Finance), market survey (Marketing), and preliminary construction cost (DCO). Each lens produces a versioned input; the IC decision is taken on the latest consolidated version.

Inputs

Triggers

·Plot shortlisted from M01 Pipeline
·Re-feasibility requested following market or regulatory change
·IC review cycle scheduled
·Updated FSI or TDR availability surfaced by Liaison

Data reads

·Plot record from M01 with screening history
·rate library (Bandhoo) for preliminary construction cost
·Micro-market benchmarks for absorption and ticket size
·Historical IRRs and outcomes from comparable past projects
·Approval cycle-time history per micro-market and project type

Artefacts consumed

·Title deed and ownership chain documentation
·FSI statement and TDR/premium FSI availability
·Market survey data (consultants and internal)
·Per-product-type preliminary construction cost (DCO)

Tools & Techniques

Methods

·Five-lens parallel evaluation — title, FSI, area, financial, market, cost
·Financial modelling with IRR, NPV, and sensitivity analysis
·Product mix scenario testing against market positioning
·Versioned consolidation — every revision of every lens captured

Policies

·investment policy — minimum IRR thresholds, risk tolerance
·Segment positioning policy — what product fits which micro-market
·Feasibility approval policy — BD HoD plus MD sign-off

Decision rules

·First-stage approval requires all five lenses cleared
·IRR below threshold requires explicit MD justification
·Segment positioning conflict flags re-evaluation by Marketing
·Eliminated at feasibility carries its lens-by-lens reasoning forward

Outputs

Artefacts produced

·Versioned feasibility record with all five lens inputs
·Financial model with IRR, NPV, sensitivity
·First-stage approval decision log
·Product mix and segment positioning recommendation

Data writes

·Feasibility status updated through approval lifecycle
·Approved projects flagged for term sheet negotiation

Downstream triggers

·Approved projects flow into M03 Term Sheet
·Legal notified for title diligence preparation
·Marketing notified for segment positioning alignment
·DCO begins preliminary BOQ scoping for the next stage

Stakeholders

BDOwns the feasibility process, consolidates inputs
LegalTitle diligence, ownership chain, litigation flags
LiaisonFSI verification, TDR/premium FSI assessment
FinanceIRR, NPV, sensitivity analysis
MarketingMarket survey, segment positioning, ticket size
DCOPreliminary construction cost per product type
BD HoD · MDFirst-stage approval

The flow

01Title deed review — ownership chain, encumbrances, litigation
02FSI statement verified — DP, TDR, premium FSI possibilities
03Area statement — plot area, built-up potential, sellable indicative
04Detailed financial analysis — land cost, construction cost, revenue, IRR/NPV
05Market survey — comparable projects, absorption, ticket size, target buyer
06Preliminary construction cost — per-sft by product type, indicative segment
07Product mix definition — configurations, segment positioning
08First-stage approval — BD HoD and MD

State change

Before

Plot is shortlisted; viability is hypothesised.

After

Plot has a versioned feasibility record with five lens inputs and an IC-grade decision.

Real-world example

Goregaon plot, 2.4 acres. Title clean (Legal). FSI 3.0 with 0.5 TDR feasible (Liaison). Financial model returns IRR 18.4% with Platinum positioning (Finance). Market survey shows 24-month absorption window (Marketing). Construction cost ₹4,820/sft on Platinum spec (DCO). First-stage approval granted by BD HoD and MD on 14 May at 14:23.

Artefacts

·Title deed and diligence summary
·FSI statement with citations
·Financial model (versioned)
·Market survey report
·Construction cost estimate
·First-stage approval decision log

Pain today

Each lens lives in a separate file. The MD's approval is given on the latest WhatsApp version. Version trail is partial and reconstruction takes days.

Integrations

Bandhoo (rate library for construction cost)