Joint Development

Building contractors in Chennai

Joint Venture Company in Chennai

Are you looking for Joint Venture Construction Company in Chennai? Kamalam Builders Pvt Ltd, one of the best Joint Venture Company in Chennai. In order to achieve the best result for both the landowner and the developer, a joint development agreement for construction essentially helps combine their resources. In addition to saving the developer money on the land acquisition, it also spares the owner the difficulties associated with building a new property. Additionally, while purchasing commercial construction, residential land in Chennai that was developed on a Joint development basis, purchasers must make sure all paperwork and legal procedures are completed. 

The advantages of a joint development:

Now that the concept of a JD has been addressed, let’s look at some of its main advantages:

  • Buying a property doesn’t need a down payment.
  • Stamp duty is somewhat avoidable.
  • Joint Development for construction that proceeds quickly because the primary need for working capital is to meet construction needs.
  • The landlord receives thoughtful consideration.

It’s an advantageous partnership overall because of the combined efforts and resources of the developer and the landowner.

If the builder is offering the landowner a construction service:

The builder is required to pay 5% GST if they have sold apartments and if the house has been reserved or partially paid for before receiving the completion certificate. GST is not applicable if not.

Why Joint Development and your pros

  • Okay now if you are planning for a Joint development what are your advantages.
  • Getting a better return than any other option.
  • When you to look sell your land at today’s market price but on entering into joint Development you intend to develop your land and gain more return than selling it as vacant land on today’s market price.
  • Can take up part ownership of the land and building if required by you.
  • Enjoy the future appreciation cost.
  • After the development, the value of the property appreciates. And over a time period the Market value also appreciates and you will be still be holding a share of your well-developed property.
  • If you have a property in a good location and you are interested and looking to develop your property further by converting them to apartments or a commercial complex, then Kamalam Builders would be interested to enter into a joint venture with you.
  • We are the best company in Chennai in doing Joint Development projects having a very good rapport with our clients.

 

     1  Sell the land on present market price and enjoy the gains.

     2  Lease out the land to get a regular income.

     3  Construct the basic

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