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What is Joint Venture in Real Estate?

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Posted on : 26/Mar/2019 12:11:14



 
 
 
If youve got a plot of area for construction, you are good to go for Joint Venture. Whether it is an old house looking to get an all new construction, or an empty area of land, Joint Venture will be possible. All you need to know is look for trusted, legitimate builder. Discuss with him the property details including its legalities, ownership, overall area, etc. Based on the property, its type and space available, the builder would suggest appropriate construction ideas where around 6-8 or even more number of flats can be built upon legal approval formalities.

In joint venture construction of JV as better known, you will be able to get an all-new flat for yourself without spending anything towards building construction cost. On handling over the specific number of flats to you, the remaining shall be held by the constructor himself for self-use or sale.

Joint Venture is a fast-spreading concept across various parts of Chennai city in areas including Pallikarnai, Adyar, West Mambalam and also Coimbatore.