What is Flat for Land Construction?

What is Flat for Land Construction?
Date :2023-01-08 19:25:46 Author: Admin

Construction in return for flat or construction in return for land; Constructions in which the cost of the construction or the value of the transferred land is given as an independent section from the construction. For example,

You want to build a house on your land or,
You want to have a multi-storey building instead of your single-storey house or,
You have decided to have a brand new and bigger apartment built by uniting with all the apartment owners in your apartment.
but you do not have money to pay the contractor in exchange for the construction. The contractor (contractor) asked that he would do the construction, but in return, you gave him one or more flats and independent sections from the construction. This construction will be construction in return for flat.

For example, a contractor offered to build a site on your land and gave you 10 flats in return, and you accepted. you transferred the ownership of the land to the contractor, the contractor completed the construction and gave you your apartments. This construction will be construction in return for land and construction in return for flat.

For example, you have a three-story apartment building. A contractor offered to demolish your apartment and build a new building with three floors but a shop on the ground floor, and that the shop would be his own. You accepted. This construction will also be construction in return for flat.

In short, if you are going to pay the cost of the construction to be made by giving a section independent of the construction, it means that you want to have a construction in return for a flat, that is, a construction in return for a land share.