Why opt for Pre-Development Services prior Real Estate Investment 

(Feasibility Analysis + Real Estate Advisory + Techno Commercial Due Diligence)

Every real estate investor, client or stakeholder has unique objectives, constraints, operational circumstances and economic realities.

In such situations, Pre-Development Services (or sometimes termed as Pre-Investment Services) including Feasibility Analysis, Real Estate Advisory and Techno Commercial Due Diligence help clients make knowledgeable decisions to achieve a competitive advantage by managing risk, reducing costs and increasing operational efficiencies.

Pre-Development Services advises client organizations in identifying and evaluating real estate opportunities and enhancing the returns from their real estate investments.

A typical Pre-Development advisory team comprises of experienced marketing, financial, forecasting, engineering & architectural professionals working with owners, investors, buyers and sellers of lands, buildings and real estate projects. They advise the clients on a range of options, and assist on developing and implementing real estate strategies for better returns.

The Pre-Development Services provides advice on:

• Best Land Use Strategies
• Land Feasibility
• Identification of potential investors and legal advisors
• Managing a team of Market & Financial Consultants, Master Planners and Architects
• Analysis and valuation of real estate investments and portfolios
• Pre-Investment Advisory
• Technical Due Diligence
• Techno-Commercial Due Diligence
• Pre-Construction Due Diligence
• Project management advise to better manage risk and enhance returns from real estate investments 

About Masters Pre-Development Services:

Masters understand what it takes to build successful projects. Hence, in addition to providing end-to-end Project Management Services, Design Services, Cost Consultancy and other real-estate Allied Services, Masters are also competent in offering complete Development Solutions, including Pre-Development Services like Feasibility Analysis, Real Estate Advisory and Techno Commercial Due Diligence Services.

Masters undertakes assignments of an advisory nature for various banks, real estate funds, individuals and organizations, looking to invest in the real estate market in India. Our team of professionals provides project-specific advice on various aspects which can help the investor take a lucrative decision on investment.

Masters have been advisors to various Investors & banks such as GE Capital (Real Estate), IDFC, Gazit Globe, Birla Global Corporate Ltd, Ascendas Property Fund, Actis Advisors, SITQ, Kotak Investment Advisors and others for Pre-Development Solutions.

Know more about  Masters Pre-Development Solutions, Contact us at :

Masters Management Consultants (India) Private Limited

New Udyog Mandir, 

Kamanwala Chambers No.2,

Unit No. 7, Ground Floor,

Mugal Road, Mahim (West),

Mumbai - 400 016

Email : connect@masterspmc.com

Proposed Services to the Construction Companies

Proposed Services to the Construction Companies

Masters have identified a niche requirement to increase efficiency thereby increasing profitability of Construction Companies on Construction Projects.

Being a PMC, that Masters is, it has been observed that to ensure safety parameters are met and final product quality is of supreme nature, the Construction Companies takes extreme steps. However, to achieve the above, there is a huge resource pool deployed at site by the Construction Company to undertake such supervision at site physically and manually.

Masters understands that the need for physical inspection and supervision can be reduced by a large extent if the final product quality can be monitored and controlled in a more systematic way by engaging a fewer number of professionals against a large number of supervisors on the project.

Masters also comes with a strong conviction that if value engineering and value management along with detailed review of design is undertaken by professionals who come with a holistic understanding of construction projects during the pre-construction stage only, the need to supervise the project in the manner currently being undertaken in the industry can be optimized.

In view of the above, Masters proposes following set of activities to be undertaken by a Construction Company, at various stages of a project, which will ensure increased profitability and at the same time resulting in higher standards of product:

1. Pre-Construction:

• Value Engineering
• Value Management
• Design Review
• Drawings Review (shop drawings + GFC drawings)
• Design Due Diligence

2. Construction:

• Construction Process Review
• EHS Monitoring & Audits
• Product Quality Management

3. Post-Construction:

• Quality Review of the final Product before handover
• Product Hand Over Review

Masters, with copious knowledge & experience, is certain that if the above activities are undertaken in a timely manner and if the project is monitored by a set of professionals even in a “remote control” technique; the outcome would be far better in terms of overall product quality achieved with increased efficiency and profitability.

Masters recommend that the above activities be undertaken by a pool of professionals by undertaking periodic visits to the site, conducting audits and regularly monitoring the system & processes in a systemised approach such as an online tool. For the same reason, Masters, is in a process of creating an “Integrated Online Project Management System” which will assist in supervising and controlling the project from a remote location and with much reduced manpower, thereby, again ensuring increased profitability.

As a few small steps, Masters has so far undertaken the following:

1. Masters have established “Standard Operating Procedures” for Shapoorji & Pallonji.

2. Masters is presently appointed by Binani Group for “Construction Process & Product Quality Management Services” for Legacy Cirooco project in Bangalore of Legacy Global Projects Pvt. Ltd.

About Masters PMC

Masters is a leading Project Management company providing end-to-end solutions to the Construction Industry using the best of global standards and practices with primary focus on Real Estate sector.

Since its inception in 2004, the Company has evolved as a one-stop-shop service provider, offering a range of services to its Clients taking the project from start to finish – ranging from assisting them during pre-development stages to feasibility analysis, pre-construction and construction & installation management services to all the way to a successful close out. In addition, Masters also specializes in Cost Consultancy and Design Development (Architectural as well as MEP) through their in-house team. Besides, Masters also offers Programme & Process Review Services and Quality, Cost & Safety Audit/ Monitoring Services and is well equipped to offer range of Development solutions (like turnkey, design & build, construction management at risk) to its Clients.

To know more about Construction Process & Product Quality Management Services, Contact us at :

Masters Management Consultants (India) Private Limited

New Udyog Mandir, 

Kamanwala Chambers No.2,

Unit No. 7, Ground Floor,

Mugal Road, Mahim (West),

Mumbai - 400 016

Email : connect@masterspmc.com

Benefits of End to End Project Management Services

Benefits of End to End Project Management Services

Conforming to highest standards in construction!

1. Single point of accountability for Design and Construction within agreed Budget, Specification and Quality parameters is established.

2. Client’s team involvement is reduced to a bare minimum, allowing them the time to take care of other core areas of business.

3. Provided that the Design is not changed after the Client’s sign-off, all risks wrt cost-escalation are mitigated since a guaranteed maximum price model is implemented. In addition the Client’s budgeting, procurement and accounting procedures are drastically simplified.

4. Due attention to all aspects of Design are assured within a fixed fee. Value engineering is assured, since it is in the interest of the Project Development Consultant to control costs.

5. By hiring a Project Management Consultant (as opposed to a contracting company) additional assurance on the establishment of proper procedures for monitoring Design, Timeframe, Quality etc is established. Project monitoring & reporting systems are in line with ISO requirements and the highest professional standards of the industry.

About Masters PMC

Masters is a leading Project Management company providing end-to-end solutions to the Construction Industry using the best of global standards and practices with primary focus on Real Estate sector.

Since its inception in 2004, the Company has evolved as a one-stop-shop service provider, offering a range of services to its Clients taking the project from start to finish – ranging from assisting them during pre-development stages to feasibility analysis, pre-construction and construction & installation management services to all the way to a successful close out. In addition, Masters also specializes in Cost Consultancy and Design Development (Architectural as well as MEP) through their in-house team. Besides, Masters also offers Programme & Process Review Services and Quality, Cost & Safety Audit/ Monitoring Services and is well equipped to offer range of Development solutions (like turnkey, design & build, construction management at risk) to its Clients.

To know more about Benefits of End to End Project management Services, Contact us at :

Masters Management Consultants (India) Private Limited

New Udyog Mandir, 

Kamanwala Chambers No.2,

Unit No. 7, Ground Floor,

Mugal Road, Mahim (West),

Mumbai - 400 016

Email : connect@masterspmc.com

Project Management as the Client's Representative

Project Management as the Client's Representative

As Client’s Representative, a PMC (Project Management Consultant) provides comprehensive management and coordination of all project activities at all stages of development; starting from pre-development, pre-construction, development & construction and post-construction.

The primary role of a Client's Representative is to ensure that all stakeholders discharge their responsibilities in a manner that serves the Client's overall interest. Acting as an extension of the Client, Client’s Representative monitors and coordinates the efforts of all members of the Project Team in order to enable  to achieve maximum value for each dollar spent by the Client.

Design and Construction Projects typically require the services of a team of professional consultants and the work of construction contractors and other vendors, all of whom work as associates on the project. Each associate of the project team has responsibility only for their particular expertise. No architect, consultant, contractor or vendor shares the Client's comprehensive scope of interest, with the exception of the Client's Representative, role of which is undertaken by MASTERS.

We at MASTERS, with our technical and managerial expertise plan and direct the project team towards success.

Our proactive approach encourages designers, consultants, contractors and vendors to work together to achieve the Client’s quality, cost and schedule objectives. By building positive working relationships among the project team members, we facilitate timely resolution of the problems and conflicts that are intrinsic to the design and construction process.

Our documentation system creates a thorough and complete project record. Starting with an initial project plan that articulates the project scope, schedule and budget parameters, we create a series of clear and concise reports that monitor and track all project activities. We use these documents as management tools for the project team, as a means to communicate project progress and as components of the permanent project record. 

We adapt the type and level of our services to fit the unique needs and requirements of each client.

Our Client's Representative assignments range from comprehensive management services throughout all project phases to specific tasks of short duration. 

Masters provides following range of services, individually or in any combination; as per Client’s requirements:

•     Development solutions
•     Design services
•     Project Management
•     Cost Consultancy & Quantity Surveying
•     Allied services

We have a proven track record of assisting our clients to achieve substantial reductions in construction costs without sacrificing construction quality.

 

About Masters PMC

Masters is a leading Project Management company providing end-to-end solutions to the Construction Industry using the best of global standards and practices with primary focus on Real Estate sector.

Since its inception in 2004, the Company has evolved as a one-stop-shop service provider, offering a range of services to its Clients taking the project from start to finish – ranging from assisting them during pre-development stages to feasibility analysis, pre-construction and construction & installation management services to all the way to a successful close out. In addition, Masters also specializes in Cost Consultancy and Design Development (Architectural as well as MEP) through their in-house team. Besides, Masters also offers Programme & Process Review Services and Quality, Cost & Safety Audit/ Monitoring Services and is well equipped to offer range of Development solutions (like turnkey, design & build, construction management at risk) to its Clients.

To know more about Project Management as Client's Representative for Construction projects in India, Contact us at :

Masters Management Consultants (India) Private Limited

New Udyog Mandir, 

Kamanwala Chambers No.2,

Unit No. 7, Ground Floor,

Mugal Road, Mahim (West),

Mumbai - 400 016

Email : connect@masterspmc.com

Role of PMC (Project Management Consultants) in Construction Industry

The construction industry generally deals with the various types of construction sectors viz Real Estate & Infrastructure. Real Estate Sector is segmented in Residential, Industrial, Corporate, and Commercial. Whereas Infrastructure sector in Roads, Railways, Urban Infrastructures, Ports, Airports and Power. 

To manage such kind of unique projects requires an expertise with organizations and a thorough body of knowledge. Project Management Consultancy plays multifaceted part in such projects and provides the services from inception to completion of projects. At every stage of project life cycle, the principles of pro-activeness and creating the win-win situation is necessary keeping in mind the customer / client’s requirements. Use of Project Management Consultancy (PMC) offers one of the effective management solution to increase and improve the efficiency and outcome of a project in construction. 

Project Management Consultants manage the Project by application of their Knowledge, Skills, and Experience at various stages. However, at the same time PMC also has to face various challenges like Design Issues, Constructability Issues, Long lead material Issues, Inter Contractor Coordination Issues, Engineering Issues, Safety Issues, etc which can be tackled only by a well organized approach of the PMC. 

A well organised PMC approach also includes adopting various types of tools for the higher management like Reporting dashboard, Round table progress Review and conduction of brainstorming sessions, training on various field, design – construction interface, regular quality audits, quality diligence & delivery sessions in team.

In addition to above Project Management Consultancy is most effective and efficient when it is involved in Total Project Life Cycle from Conception to Closeout. Awareness of various Processes involved in Project Management and detail study of multiple constraints of project like Time-Cost-Risk-Scope-Quality-Resource are an integral part of any project management consultancy. 

We at MASTERS are committed to Conforming to highest standards in construction!

Under our Project Management Consultancy service, we undertake a planned series of activities and design them in synchronization with our customer’s requirements, whenever we go on board with new projects. This includes overall planning, coordination, monitoring and controlling of a project from inception to completion in order to produce a functionally and financially viable project that will be completed on time, within authorized cost and to the required quality standards.

Some of our Project Management Projects are as under:
- The Imperial, Mumbai
- Novotel, Mumbai
- Trilium Mall, Amritsar
- Movie Towers, Hyderabad

About Masters PMC

Masters is a leading Project Management company providing end-to-end solutions to the Construction Industry using the best of global standards and practices with primary focus on Real Estate sector.

Since its inception in 2004, the Company has evolved as a one-stop-shop service provider, offering a range of services to its Clients taking the project from start to finish – ranging from assisting them during pre-development stages to feasibility analysis, pre-construction and construction & installation management services to all the way to a successful close out. In addition, Masters also specializes in Cost Consultancy and Design Development (Architectural as well as MEP) through their in-house team. Besides, Masters also offers Programme & Process Review Services and Quality, Cost & Safety Audit/ Monitoring Services and is well equipped to offer range of Development solutions (like turnkey, design & build, construction management at risk) to its Clients.

To know more about Project Management Consultancy, Contact us at :

Masters Management Consultants (India) Private Limited

New Udyog Mandir, 

Kamanwala Chambers No.2,

Unit No. 7, Ground Floor,

Mugal Road, Mahim (West),

Mumbai - 400 016

Email : connect@masterspmc.com