Get property reviews, discussions, legal advice, expert opinions only on Chennai real estate forum. Post questions on property, apartments, plots and we will help you get your question answered. Get answers from other buyers, potential investors and experts before you buy a property in Chennai.
TOPIC: JV for demolish and reconstruction of apartment
JV for demolish and reconstruction of apartment
1 year 2 months ago #8483
Currently it is 14 flats apartment and 2 are kept for car parking. We want to enter in JV to go for 16 flats, with 2 flats for builder to sell.
The construction cost at Rs.2000/- per sq ft can be had by the sale of 2 flats which the builder gets.
What will a builder expect as a profit in a JV, can it be quantifiable, as that has to be paid by the current owners.