JOINT DEVELOPMENT AGREEMENT

IN JDA THE LANDOWNER GET THE COMPENSATION OF BULIT UP AREA ONLY AND NO CASH PAYMENT IS INVOLVED. UDS OF LAND WILL BE REGISTERED BY THE DEVELOPER TO THE BUYER . AT WHAT SITUATION THE CAPITAL GAIN OF THE LAND ARISES TO THE LAND OWNER. THE JDA IS 50% OF THE CONSTRUCTED AREA TO THE LAND OWNER.