More and more real estate developers are taking to the joint development model for revival and growth of residential realty.

Hit hard by the Corona crisis, financially stressed developers are adopting asset light model to tide over the crisis and ensure growth. Several small & medium and financially stressed developers are increasingly taking to joint developments. The stressed developers and landowners are entering into development management agreements with big players to monetize land assets for development. Financially starved developers who are finding it hard to complete their projects ,are also adopting this model.

Says Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global Group & Chairman, Assocham National Council on Real Estate , Housing & Urban Development, ” It is a capital efficient model – a win-win for both fund-starved developers and financially sound entities. This project level collaboration benefits smaller stressed developers to leverage the execution and marketing capability of big professional developers. On the other hand, big developers get benefited as they can do asset light expansion . Such a collaboration for ongoing projects helps in timely completion of projects. This in turn will contribute significantly in the revival of residential real estate.