(A land worth Rs. 10 lakhs gets converted to flat of Rs. 15 lakhs)
This is better option than selling the land where the take home is less than the value of land).
From the calculation cited above, it is evident that when we develop the property instead of selling, our returns are most of the times more than 100 percent higher. It is therefore, always advisable never to sell a property but instead get it developed by a reputed developer having an impeacable track record after making a thorough background and performance searched and after satisfying ourselves about his capabilities, performance and track record.
As there are good business and commercial reasons to create a joint venture (JV) with a reputed builder that has complementary capabilities and resources, such as expertise in constructions, using latest technology, adequate finance and ability to market the end product faster, joint ventures are becoming an increasingly common way for companies to develop residential, commercial and corporate complexes.
Factors To Be Considered, Screening of prospective builders, Discussions with the prospective builders and inspection of the completed sites. Due Diligence - checking the credentials of the other party ("trust and verify" - trust the information you receive from from the prospective partner, but it's good business practice to verify the facts through interviews with third parties) development of an exit strategy.WE ARE REBUILDING OUR NATION SO WE FOUND THIS COMPANY