Monthly Archives: September 2013

What is Flat For Land Basis?

What is Flat For Land Basis?

Land owner signs "a construction contract of flat for land basis" (construction contract) with a contractor or with a construction company to construct a new building or reconstruct a building which  is  already  existed.  For example if you want to construct a house building on your land; reconstructing your one-floored house into multilayered building; or associating with all flat owners in the apartment and building newer and bigger apartment. However, you don’t have money for contractor. In this case, the contractor accepts to construct but asks one or more flats or some independent area...
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