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Follow Bengaluru Deals channel on WhatsApp: https://whatsapp.com/channel/0029VaEI3ax2f3EMfxw1n00P A joint venture is a temporary but formalized collaboration of builders, finance companies and developers who enter into a contract with each other for a specific development project, such as a residential area, usually by setting up a temporary subsidiary company.
“Joint venture” is a general term used in all business sectors and refers to an agreement between any two parties, whereas “joint development agreement” is a term that refers only to real estate development.

Joint Venture: https://cbvalueaddrealty.in/joint-venture/

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