Latest Answer: Hi Guys ,
In my point of view, builders had repeatedly approached the DTCP seeking joint rights, citing both delays in completion of projects and starting new ones, particularly in instances where actual costs exceeded estimates. He also said this was a change in beneficial interest of the existing developer and policy parameters to enable decisions on such requests needed to be prescribed.
Q:We have piece of land Approx 60 Cents)in Mangalore city area for development. The developer may need to convert the land, widen the approach road and build Flats. We intend to invite proposals for joint development of the land.
Latest Answer: I would be interested to see the proposals by a reputed developer builder and select the best.
One option for me is to enter into a development agreement with a developer by which the entire cost of development will be borne by the developer. I expect certain amount of advance for starting the process and I will be provided certain percentage of the built-up area for myself and the rest will belong to the developer.
