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Real Estate Forum on Joint Venture

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Q: As per developers opportunities for effective assets went up 50-60% in 2015.
Latest Answer: Yes, that is why there is a 20% price correction in Mumbai. Home prices, which doubled between 2009 and 2012, have remained slow over two yrs.
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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.
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Q: DB Group's hospitality arm is in advanced talks with another Mumbai-based developer Sheth Creators for an agreement to jointly develop a high-end sea-facing residential project in South Mumbai.
Latest Answer: Yor are right Ravindra, And the developer had moved the Supreme Court claiming directions to the state government to allow a higher hotel floor space index (FSI) of 6.29 for the project. In December 2007, the court asked the state government to consider the developer's appeal. The project cost for the hotel was then estimated to be over Rs 2500 crore. The hotel was to be operated by Hyatt Hotels and Resorts.
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