Collaboration is a deal between the Property Owner / Plot Owner and the developer/builder where owner appoints the Builder to reconstruct / build / develop a brand new swanky house on his land by entering into a Construction / Collaboration Agreement where the Owner is desirous of a new property redeveloped / reconstructed due to lack of construction experience and financial constraints, therefore, approaches the Builder to develop the property for and on behalf of the Owner at Builder’s expenditure as the developer is 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 to develop, re-construct and/or build 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 and then develops, builds up and complete the Building at its own expenditure after procuring the required permissions and allowance for development construction and completion of the said building on the plot at Developer’s cost.
The Owner authorises the nominee of the Builder along with General Power of Attorney, to apply for necessary sanctions and permissions, approvals to the authority or authorities concerned and also pursues and co-operates with the Builder in obtaining such or all other permissions, mandate as may be fundamental or required for ensuring the due execution of the proposed work of development and construction of the proposed building.
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