Under the Real Estate vertical, the company specializes in outright land buys & development of projects, and joint development projects in the name of “Joyous Homes”. Under the Real Estate Advisory vertical, the company specializes in providing customized real estate solutions to investors to enhance their wealth and under its Project Underwriting vertical, the company underwrites newly launched projects.
The company envisages to undertake this model of real estate development and create out-of-the-box projects that redefine modern-day living in National Capital Region, Delhi.
This is the most common practice across the real estate spectrum in India where the developer purchases land, develops the requisite infrastructure and facilities and sells to the end-users.
The company envisages to undertake this model of real estate development and create out-of-the-box projects that redefine modern-day living in National Capital Region, Delhi.
We provide customized solutions for real estate buyers and investors to expedite their decision-making process and help enhance their wealth. The group’s independence coupled with its deep knowledge built from a strong history of analyzing capital markets and real estate across micro markets, provides client with tailored solutions that addresses their specific needs.
A proposal between the developer and the landowner and its benefactors is drafted for the construction of a new house on the latter’s plot of land. After a detailed deliberation between the developer and the several benefactors of the land on issues like share in the upcoming new building, monetary consideration and detailed specifications of the material and fixtures to be used, a joint development agreement is drafted.
The landowner(s) and the developers jointly decide upon an architect and interior designer to collaborate on the layout plan, exterior façade etc. The plan is then taken to the concerned authority for sanction.
Depending on the agreement reached, if a relocation is required, the developer arranges for a rental accommodation in the budget agreed before the signing of the joint development agreement.
After the sanction of the building plan is received from the authority, the developer begins the construction of the project.
The developer constructs the entire building and after retaining his share of floors as agreed in the joint development agreement, it hands over the landowner’s share of floors. The developer and the landowner(s) are entitled to sell, convey, transfer and assign their respective portions to any prospective buyers and can receive the sale proceeds in respect thereof, in their names during or after the building is completed, without any objection from each other.
