Joint venture with a builder on 60 X 40 site

[baruc2003]

There is no apartment approvals for 60*40 even now. I ended up selling the whole building for one person.However, they manage to split khatas and sell b khata flats to people.
Thanks,
Bharath

[pvr59ksl]

Legally we cannot build apartment in 40*60 plots and we end up selling our plots. Then the builders build apartments on these sites and sell them at fancy prices. Ultimately those who follow rules become fools.

[sudheerkeshav]

IMHO , Please do not encourage this culture of building apartments in 40X60 sites even if you get approvals (legal / illegally) . In case you want to build 2-3 houses it is fine, please consider area, water , sanitation pressures on the town planning. The hassles of getting a good and honest builder, who uses good quality materials is another concern.

[spiderman]

One of the builder approached JD for 11000sft.Of these 11000sft my plot is 61.5x40=2450sft .After discussions the builder proposed 62:38(Builder :Land owner) ratio and 5Lakhs good will for each 60x40 site.Can you please let me know if any one has given plots for JD.My plot is on Kammanahalli road off Banneraghatat road,2kms from Meenakshi mall.

Thanks
Prabhakar

Hi Prabhakar,
Can you please tell me what deal you had gone for? I have been approached for my 15000 sq feet land area and proposed constructed area would be 50,000 sq feet without violation and 60,000 with violation. What's the idea ratio I should be looking for given that I may not ask for any security deposit from buidler given that he is known person.