At Swathi homes, with over 39 years of experience in JV construction, we understand that every piece of land is a link to your legacy. Quality, transparency and value are at the very heart of what we offer. We don’t just craft homes, we craft lifestyles. Our elevated, and highly-customizable designs are mainstays across burgeoning locations all over Chennai providing unparalleled value to landowners.
Clear timeline and delivery schedule will be adhered
We provide 10+ years warranty on structure and civil
All our properties come with water recycling, smart home automation.
After discussions with several builders to develop our property, we finalised with Swathi Builders. They have an awesome team of staff. High level of integrity and transparency. They delivered our project in 11 months. Much earlier than promised 15 months. Highly recommended. Sujata Ramanathan
Will highly recommend swathi builders. Good set of professionals and they delivered on timely basis as agreed. 👍
They have a dedicated team of workforce and their quality of construction is good. They exhibited high degree of professionalism in executing the project in a timely manner. Their after-sales response is also good. Very cordial, trustworthy & supportive team.
Purchased a nicely done apartment from Swathi builders and had a very good overall experience from start to finish. Trustworthy and straightforward in their dealings
Swathi builders are very good builders. The person I talked with was very professional. Neat work. On time delivery .
I chose Swathi Builders, Ananda Road, Alwarpet, Chennai , after zeroing on from quite a few large and medium scale builders in 2017 for our JDP "SRIDHAN" in Jayaram Avenue , Sastri Nagar, Vannanthurai, Adyar 20 .Time frame, quality, financial integrity, professionalism in planning and execution, commitment , etc were prime factors besides maintaining a cordial relationship me as also with buyers Project was completed in record time of 13 months from planning pernission to completion certificate ( 4/2018-5/2019). They are excellent.,V NATARAJAN , SRIDHAN APARTMENTS, Flat 1. 26 Dec 2019
At first we bought a couple of apartments from Swathi, and impressed by their integrity, humbleness and promptness of service we decided to enter into a JV with our own house in Indranagar . They have an exemplary team that it would be unfair if not mentioned. We wish Mr KS, KSS, and KSP all the very best in all their future endeavours.
A builder and landowner come together to develop a property. The builder finances the project while the owner provides his land. Joint ventures are landowner’s preferred choice to extract more profit from their land.
Yes. We typically undertake JVs where the land area is 1 ground or more only
The most commonly used ratio is 60:40 between landowner and builder but we determine this on a case by case basis
JV construction can bring about a variety of benefits for land owners ranging from receiving a flat or two, rental income from these properties to tax benefits.
Lower capital gains tax applies if you reinvest in the existing build space. Additional savings of 9% on stamp duty can be gained when opting to retain flats on land you already own
12 months to 18 months is the average timeline for the project.
The quality on show in their previous projects, their willingness to provide a favorable JV ratio, their ability to stick to completion schedules, and enable transparency in process and payment terms are all signs of a high quality builder. Track record of timely delivery of the project also plays a very critical role.
Sometimes we see the terms JV & JDA used interchangeably. The term JV can be used in a broader sense and applicable to any kind of business. The term Joint Development Agreement (JDA) usually refers to the real estate sector
Yes. The Tamil Nadu government has mandated the registration of JV agreements in Chennai.
There will generally be a rent compensation for the land owner which the builder pays during the construction stage of the project. This along with a penalty clause like a per square feet compensation for the land owner share of constructed area will be included in the agreement.
A recent GST notification was provided on the matter, which states that “When a developer enters into a development agreement with a Landowner, GST would become payable by the Landowner when the developer transfers possession or the rights in the constructed complex, building or civil structure, to the Landowner by entering into a conveyance deed or allotment letter.”
When the constructed property is handed over by the developer to the landowner in exchange for the land then the landowner would be liable for a 5% GST payment.
Yes, this will be arranged by the builder. If you already have an alternate place to stay, there will be monthly compensation for the same.
In this case, both the landowners and the builder have to renew the FSI agreement.
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