Joint development is a popular method of development of property. Here, an owner of a site with (an) existing house(s) built on it and a builder/developer come together to enter into an arrangement to develop a property jointly. The land is provided by the owner. The developer provides his expertise and spends money in developing the project and the constructed flats are divided between them in a pre-determined way.
from taxmann.com News https://ift.tt/2UMzZrK
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