It is an arrangement between the Landowner and the Builder/Developer, where the Landowner contributes his land and the Developer takes the full responsibility of development including obtaining planning permission from the local authority, dealing with RERA, and other Government Authorities where necessary, construction complete, arranging finance, and marketing and sales.
source https://www.caclubindia.com/articles/real-estate-developers-budget-in-joint-venture-development-46889.asp
source https://www.caclubindia.com/articles/real-estate-developers-budget-in-joint-venture-development-46889.asp
Post a Comment
Please drop your feedback, suggestions, query or feedback