Vardni Properties will soon expand its presence with a spectrum of real estate projects across Chennai. Vardni Properties is Inviting Land owners for Joint Venture projects in Chennai. We are in look out for land (2 to 4 grounds) and are delighted to offer landowners, who wish to develop their property in and around Chennai. In return we promise them a trouble free process and great return on Investment.
The JV Property Development model has become the first preference of many land owners as it gives more profits from the land compared to the traditional Outright sale model.
Below are some situations where a JV Property Development could potentially happen
- During the development of vacant plot
- During the Partition of ancestral property
- During the redevelopment of old individual dwelling
- During the redevelopment of existing apartment / flat buildings where the FSI is revised
Benefits to Land owners in a JV Property development
- Get a share of the property in the form of a flat/ apartment which is unlikely in the traditional outright sale model
- During the property development / construction phase the land owner gets the rental benefit from us, for the period they require a rental accommodation
- There are tax benefits as well when the property is developed in a JV, as the sale transaction would attract a higher tax portion comparatively.
- As many heart of the city localities, have turned to be commercial and retail hubs, the land owner gets an upper hand when their property is developed as JV model, where his residential property can be developed into a purely commercial or combination of both commercial and residential development. Thus giving the land owner the benefit of upgraded development.