Land acquisition for residential development in Bengaluru can involve outright purchases, joint development agreements, or other models like joint ventures or development management. It's crucial to consider factors like potential returns, hidden costs, and the overall value of the property. The process often involves negotiation, due diligence, and understanding the local regulations and laws.
Land Acquisition Models
The process often involves negotiation, due diligence, and understanding the local regulations and laws.
Outright Purchase: The most straightforward model where the developer buys the land outright from the owner.
Joint Development Agreement (JDA): The landowner provides the land, and the developer develops the project. The landowner typically receives a share of the built-up area in the completed project.
Joint Venture: Similar to JDA but the developer and landowner share the profits of the project.
Development Management: The landowner is the developer, and a branded developer acts as a manager for branding, marketing, sales, and construction.
Allotment from Government: In some areas, governments may directly allot land to developers.