Meraqi Releases Landowner Guide for Bengaluru JDA of Realty Projects

Meraqi, a prominent real estate research, advisory, and transaction firm, has introduced the "Landowner’s Guide for a Joint Development Agreement for Residential and Commercial Projects in Bengaluru," addressing the evolving landscape of the city's real estate market.

Amidst a global slowdown, the Indian real estate market is poised for growth, particularly in Bengaluru, one of the top markets in the country. Over the past three years, land prices in Bengaluru have surged by 20 to 30 percent, propelled by the influx of IT companies, startups, and ongoing infrastructure development.

The guide offers insights into navigating the changing market dynamics, emphasizing the significance of Joint Development Agreements (JDAs) for both landowners and developers. JDAs serve as a strategic tool to mitigate rising land costs, allowing landowners to monetize their assets without relinquishing ownership rights while enabling developers to access prime locations without substantial upfront investments.

Mr. Gorakh Jhunjhunwala, Managing Director of Meraqi, underscores the importance of JDAs in driving the growth of the real estate sector, particularly in Bengaluru. He emphasizes the guide's role as a strategic compass for stakeholders, providing essential knowledge tailored to the city's real estate market nuances.

In Bengaluru, where the inventory overhang in the residential market has significantly reduced, JDAs have gained traction, with approximately 70 percent of real estate assets being developed through this model. The guide delves into the specifics of JDA structuring, developer selection parameters, regulatory compliance including RERA, and tax implications to empower landowners in making informed decisions.

Miss Dhara Shah, Head of Land Services & Research at Meraqi, highlights the shift towards JDAs post-2021, attributing it to optimistic market sentiments. The guide addresses the challenges faced by landowners in understanding regulatory changes, providing comprehensive insights to facilitate successful land monetization strategies.

With a focus on market norms, negotiation strategies, and detailed analysis of tax implications, the guide aims to equip landowners with the necessary tools to navigate the complexities of Bengaluru's real estate market effectively.