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Partnering with a builder to develop my land
Q: Hi, I have a piece of land aprrox 6.5 guntha in mumbai suburban belt(dahanu-boisar area) I want to partner up with a builder to build a building and earn some cash I have no clue about real estate and buildings here is an offer from a builder he says he'll build a posh building which will give 12000sq.ft approx the entire cost will be beared by him after completion there will be 50-50 split the current market rate is 4000-6000 p/sq ft and is bound to go up since tje start of local trains upto Dahanu now here are my questions 1.Is the above offer fair? 2.What is the construcion cost p.sq ft? 3.I am thinking of asking alteast 3000000 up front apart from the 50-50split is that fair? 4.What else i should know before taking up such joint venture? Any suggestions are welcome,Please help

Latest Answer: Thank You all for your suggestions...It helps

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