Difference between land owners and builders land

Q: Hey Is there any difference between land owner's land and builder's land ? I have shortlisted a project but that is a partnership land of builder and land owner's. So is it safe ?

Srinivas , Chennai

24th March 2014

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Hello Srinivas, as far as I know there is not much difference. Infact it is told to be good for having joint venture like this, as mainly land owners need money, so builder build apartments and give half to land owner. He can sell it or give for rentals..it will be a profit for him. It is safe only as there is not much difference, you have to pay same amount as like of builder's land such as that of property tax or stamp duty or maintainance charges.