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Collaboration

Property Dealer In Karol Bagh

Collaboration is an agreement between and builder and the property owner. It creates a win-win situation for both the owner of the property and the builder. Generally, the builder puts in money for construction, while the owner contributes land. As land prices account for about 60-80 per cent cost of a property in metro cities, the builder gets one out of four floors.

Through collaboration builder save precious capital as he does not need spend a huge sum on buying a land and therefore save cost, on the other hand owner is not required to spend money on development and thus he also save money. Builder recovers his cost and earns profit by selling one floor. Rest of the three floors remains with the owner which he may keep or sale. During the construction period of 12-18 months builder arranges for appropriate accommodation of the owner without any cost.