Joint Development Agreements or JDAs is the most common aspect in the real estate sector. It bounds a landowner and a real estate developer in an agreement to construct new projects. The landowner provides the land to the developer while the developer arranges capital, and several approvals and licences from the government to construct the complex, building or civil structure on the land. Hereafter, the developer transfers the ownership rights of a certain percentage of the constructed area and may also charge a certain amount.
