Joint Venture

Project Brief

The Dr Harish Foundation Integrated Township - sAGe
Harohalli, Kanakapura taluk, Ramnagaram Dist.B'lore rural.

Project Details

The idea is to promote AN INTEGRATED TOWNSHIP IN ITS TRUE SENSE, with emphasis on dwellings of all types; Villas, Villaments, Apartments, Row Houses WEEKEND HOMES on rentals /time share basis. Commercial buildings, hospitals,malls, utility complexes..etc

The foundation will offer land to any Entrepreneur/ builder/developer for construction of dwellings /commercial buildings as per his expertise / choice.

THE PLAN: Unique proposition to Builders / Developers BUILD & TRANSFER basis.. *</p>

PROMOTERS ROLE / Foundation: The foundation shall provide land for the builder to build a Mock-Up dwelling.

The foundation will be responsible for all requisite permissions and statutory approvals.

The foundation shall provide all civic amenities including roads, power, water etc..

The marketing shall solely rest with the foundation.

BUILDER /DEVELOPER ROLE : The builder shall build a mock up dwelling at his cost in the allotted piece of land and handover the same to the foundation.

The costs are worked out adding the margin of profits , inflation/ escalation costs.

The construction quality will be supervised by a technical committee formed by the promoter , the developer and a third party quality agency.

BUILD & TRANSFER PROPOSAL FOR BUILDERS / developers

A. RESIDENTIAL DWELLINGS…

The Dr.Harish Foundation shall enter into a Joint Venture Development Agreement with chosen builders.

A minimum of 1 acre ( farm land concept & old age home ) need not be converted and fully developed with roads, drainage, electricity, water and other civic amenities) with all statutory approvals and sanctions is offered @Rs.2,500/-Sft.( two thousand five hundred rupees only)

At the MOU stage, the builder pays 25% of the developed land value or Rs.2.5 cr as refundable security deposit for a Min. of 1 acre after the builders proposal is whetted by a Technical committee of the Dr Harish Foundation. The deposit shall not carry an interest. The tie limit to initiate is 10 months and maximum of 3 months.