In property market Property joint venture is in trend, here we have two parties; one is land owner and second is capital investor. Both the parties set a goal to construct real estate commercial or residential project.
Generally in property joint venture deal, land owner provides his land to a developer or builder to build a building to maximize the profit of each other. Here capital investment involved by builder. The market price of land also plays a significant role. For such kind of property joint venture projects Location of land, Price of land and usability of land plays important road. If land is located on commercial location builder prefer to build commercial projects like mall, Shop showroom and office space so that both can earn good profit, In case of residential location multistory apartment and studio apartments can be built.
Some property joint ventures are for rental purpose where both the parties’ shares rental income of project like hotel resorts, commercial building, Showrooms, hospitals, Schools etc.
Therefore in brief joint venture is a deal where builder full fill the need of capital and experience to owner, and owner full fill the need of land to builder. Both reduces the risk of each other and saves big amount of investments.
Bigsauda as real estate property portal provides facility to advertise builder to propose joint ventures deals for owners and for owner to advertise and propose land to builders and developers.