Mar 7, 2014

Why Joint Development for a Land Owner

Joint Development
When a Land Owner signs an agreement with a Developer for construction of a residential/commercial building with a defined sharing ratio it is called a Joint Development Agreement and this may also include a refundable/nonrefundable deposit.
The most important attribute a Land Owner would be looking for in a Developer would be credibility in the market place.
Other major factors - projects done in surrounding location, completion of projects as per schedule, financial strength, goodwill for the brand, ability to get approvals etc.,
In a rising market Land Owner will have multiple offers for the property. When market has limited liquidity, it would be wise for Land Owner to look at Joint Development options.
In simple terms Land owner brings Land to the table and the Developer brings in expertise in Construction of sale-able units and the Goodwill of a brand.
For Brochure on "Top 10 benefits of Joint Development" please call or mail:
Bhava-99403-82149
Bhava@Hanureddyrealty.Com

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