- Daily Monitor

If you have inherited land or bought land lying vacant, it is time to adopt some of the latest techniques to generate a regular income from it. But even those in the outskirts today are able to generate money given the growth in construction activity.

The process A joint venture between the land owner and the builder is drawn at the outset which includes details of construction, timeframe and profit sharing. The profit is split All documentation, such as sanctions, application, approval documents are however done in the name of the land owner. In addition, often a refundable amount of approximately 10 per cent is given to the land owner, which he returns post completion of construction.

Contracts drawn out also often have a penalty clause, which comes into effect in case for some reason the construction gets delayed. This generally entails a certain amount of added payment to the land owner for a restricted period of time.

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How to get your Pocket Filled from Vacant Land? -

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