A JDA is a legal contract between a landowner and a builder/developer to jointly develop real estate. The landowner provides the land, and the developer handles construction, approvals, and marketing.
Key Legal Elements:
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Clear Title: Landowner must prove legal ownership with no disputes
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Development Rights: Landowner grants rights to build and sell on the land
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Sharing Model: Can be revenue share, area share (flats), or profit share
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Power of Attorney: Often given to developer for approvals and execution
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Timeline & Penalties: JDA must specify project deadlines and penalties for delay
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RERA Compliance: Developer must register the project and follow RERA rules
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Tax & GST: GST applies on development rights and construction services
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Termination Clause: Defines when and how either party can exit the agreement
JDAs help landowners monetize land without selling it, and developers avoid upfront land costs.
