A joint venture involves two or more businesses pooling their resources and expertise to achieve a particular goal. The risks and rewards of the enterprise are also shared.
The reasons behind forming a joint venture include business expansion, development of new projects or moving into new real estate markets.
Your open Land may have strong potential for growth and you may have innovative ideas . However, a joint venture could give you:
- more resources
- greater capacity
- increased technical expertise
- access to established real estate market
- Joining hand with renowned Developers