3) Stamp duty is a matter of state and varies from state to state in measures to avoid conflict in joint venture agreements How will this model have an advantage over the development of joint ventures? Under this option, donors provide not only the necessary know-how for residential construction, but also additional services such as construction financing, architectural skills, project management team and project marketing. Landowners only have to follow the series of developments that are taking place to turn their raw land into productive assets. A joint venture is not a legal form of the organization and a joint enterprise contract must therefore be concluded. A joint venture agreement contains details on construction, percentage profit sharing and timing. The landowner usually makes his land available and does not provide any other investment. All other aspects of construction, investment and obtaining the necessary approvals are the responsibility of the real estate developer. The profits are distributed so that they benefit all participants. As the owner of the land, make sure that the number of residential units or the developed area of the project is assigned to you and that the joint venture agreement is clearly mentioned. For example, in the case of a residential project, you should have the housing unit number, size and lower limit in the joint venture agreement. For example, a landowner enters into a joint venture agreement with property developer ABC Pvt. Ltd. The land is 20 hectares long and about 600 residential units would be developed. As a general rule, 200 units should be allocated to the landowner and the remaining 400 units to the owner.
For a landowner, this type of agreement is safe and can get better returns for his country, unlike the agreement in which the owner pays 1/3 of the inflows to the owner of the land from the sale of housing units. Both have the same authenticity. Legal rights are a matter of elaboration.. All agreed terms can be added to the agreement. Potential Partners and Joint Ventures in Chennai for Constructions The following factors are taken into account by potential investors for the structuring of a joint venture. Once the town planning plans have been approved by the legal authorities, there will be clarity in the details of the dwellings, car parks and proportional proportional land. On that date, an award agreement (endorsement) may be executed under the JDA, with the units allocated to each of the parties assigned for specific purposes. If the built area does not exactly correspond to the relationship agreed under the JDA, the parties may agree to adapt it to the monetary consideration. This document also does not require registration.
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