Checklist for Joint Ventures

Here are some valued facts to be confirmed before giving a Land for Joint Promotion:

  • Check whether the Promoter is reputed.
  • Check the Promoter’s Financial Background
  • Verify whether the flats promoted by the Builder are 100% deviation free.
  • Check whether the Promoter follows Quality practices in construction.
  • Verify whether the entire undivided share of land has been transferred by the Promoter to the Buyers.
  • Check if the Promoter is Transparent and Promises Clear Documentation.
  • Check whether the Promoter is providing a Penalty clause in the Agreement
  • Stilt car parking area cannot be converted into commercial / residential space- It is a deviation
  • Check whether the dimensions mentioned in the CMDA Approved Building plan and the Actual building plan are the same.

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