What is South Delhi property collaboration? Collaboration is a deal between the Property Owner / Plot Owner and the developer/builder where a professional realty company such as SouthDelhiFloors appoints a Builder to reconstruct / build / develop a brand new swanky house on his land.
The arrangement is set out in a Construction / Collaboration Agreement, where the Owner is desirous of a new property redeveloped or reconstructed but lacks construction experience and faces financial constraints, and therefore approaches the Builder to develop the property for and on behalf of the Owner at the Builder’s expenditure — the developer being well acquainted and established in the business of development and construction of real estate.
The Builder demolishes the old structure which exists on the plot of land and develops, re-constructs and/or builds a building which will have a Basement, Stilt Car Parking, Entire Ground Floor, Entire First Floor, Entire Second Floor and Third Floor with Terrace Garden — at his own costs and expenses, after getting the building plans sanctioned from the authorities concerned.
The Owner authorises the nominee of the Builder, along with a General Power of Attorney, to apply for necessary sanctions, permissions and approvals from the authority or authorities concerned, and co-operates with the Builder in obtaining all other permissions required for the due execution of the proposed work of development and construction.