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JV Partner: Venkatesh Pillai · Medavakkam Villas Phase 2 · As of 06 Jun 2026

JV Active

Land Contribution Value

₹8.40Cr

1.2 acres · Medavakkam · Assessed Mar 2025

42% of total project cost

Revenue Share

38%

Of net project revenue after costs

Est. ₹7.22Cr total share

Payments Received

₹2.50Cr

3 tranches · Last: 01 Jun 2026

34.6% of total share paid

Pending Payments

₹4.72Cr

Next tranche: ₹1.5Cr on slab completion

Milestone trigger: Floor 6 slab

Payment Disbursement History

Cumulative JV payments — Jan 2025 to Jun 2026

PaidScheduled

₹2.50Cr

Total Paid

₹4.72Cr

Pending

₹7.22Cr

Total Share

JV Agreement Summary

JV PartnerVenkatesh Pillai
ProjectMedavakkam Villas Ph2
Land Extent1.20 acres (4856 sqm)
Survey No.142/2A, Medavakkam
JV Ratio38% (Partner) : 62% (Builder)
Partner Allocation12 of 32 villas
Agreement Date15 Mar 2025
Reg. Doc No.SRO-MED-2025-4421
Project Duration36 months (Mar 25 – Mar 28)
Agreement StatusActive & Registered

Agreement registered at SRO Medavakkam. All terms legally binding.

Milestone-linked Payment Schedule

4 of 8 milestones completed · ₹350L paid

#MilestoneTarget DateActual DatePayment AmountPayment StatusProject StatusProgress
1

JV Agreement Signed & Registered

15 Mar 202515 Mar 2025₹50LPaidCompleted
100%
2

DTCP Plan Approval Obtained

30 May 202512 Jun 2025₹75LPaidCompleted
100%
3

Foundation & Ground Floor Slab

30 Sep 202518 Oct 2025₹1.25CrPaidCompleted
100%
4

Floors 1–3 Structural Completion

28 Feb 202615 Mar 2026₹1.00CrPaidCompleted
100%
5

Floors 4–6 Structural + Brickwork

30 Jun 2026₹1.50CrPendingIn Progress
38%
6

Floors 7–8 + MEP Rough-in

31 Oct 2026₹1.00CrUpcomingNot Started
0%
7

Finishing, Tiling, Painting

31 Jan 2027₹75LUpcomingNot Started
0%
8

OC Certificate & Handover

31 Mar 2027₹47LUpcomingNot Started
0%

Project Documents

9 files

JV Development Agreement

Legal·2.4 MB·15 Mar 2025
Registered

Sale Deed — Land Transfer

Legal·3.1 MB·15 Mar 2025
Registered

DTCP Approval Certificate

Permit·1.8 MB·12 Jun 2025
Approved

Patta & Chitta Documents

Land Records·0.9 MB·10 Feb 2025
Verified

Encumbrance Certificate (EC)

Land Records·1.2 MB·08 Feb 2025
Verified

Profit Sharing Agreement

Legal·1.6 MB·15 Mar 2025
Registered

Payment Receipts — Tranche 1–4

Finance·0.6 MB·01 Jun 2026
Issued

Architectural Drawing Set

Drawing·18.2 MB·20 Apr 2025
Approved

Structural Engineering Report

Technical·4.8 MB·05 May 2025
Approved