Step 1: JPM Prime Membership
To initiate business collaboration with us, interested investors are required to acquire a JPM Prime Membership for a nominal, non-refundable, one-time fee of just Rs 10,000/= only. Participation in our “Property Flipping” projects is exclusively available to individuals or entities holding JPM Prime Membership.
This membership program is only to filter the genuine investors from the general public. We are dedicated to engaging with committed individuals or entities who sincerely aspire to become our “Partners & Associates” by contributing essential investments to our Property Flipping endeavors. Members exclusively receive comprehensive property details, business strategies, project information, marketing plans, and relevant updates.
Step 2: Property Identification
We meticulously scout for properties that align with the objectives of our property flipping business, focusing on those with significant potential for value appreciation following renovation and rehabilitation. Our team comprises skilled professionals adept at identifying and recommending properties ideal for our ventures.
Utilizing diverse channels, we diligently source potential properties. These avenues encompass various resources, including real estate agents, bank auctions, classic joint family-owned vintage properties, distressed properties, assets classified as non-performing assets (NPAs) in financial institutions, newspaper advertisements, properties listed on the market, tender notifications, and more.
Our multifaceted approach ensures a comprehensive exploration of the real estate landscape, enabling us to uncover hidden gems and opportunities ripe for transformation. By leveraging these channels, we expand our reach and access a broad spectrum of properties, allowing us to select the most promising candidates for our property flipping endeavours.
Step 3: Shortlisting of the Property
Once we’ve identified a potential property, our next step involves conducting thorough due diligence. This includes a comprehensive examination of the property’s legal standing, facilitated by our panel of legal experts. We meticulously scrutinize property titles to ensure they meet our criteria for consideration in our flipping business.
Additionally, we engage in inquiries regarding the quoted prices and initiate preliminary negotiations with the property’s legal owners. This serves two key purposes, firstly, to gauge the owners’ expectations and ascertain a ballpark figure for potential settlement, and secondly, to uncover any existing conditions or liens or any other type of constraints related to the property.
Our objective during this phase is to gather essential information that will help us in our decision-making process. By conducting meticulous due diligence and engaging in preliminary negotiations, we strive to ensure that each property selected for our flipping business aligns with our strategic objectives and presents a favourable opportunity for value enhancement.
Step 4: Inviting Investors
Once we identify a potential property, we promptly notify all our esteemed JPM Prime Members and prospective investors, offering comprehensive details about the opportunity. This includes a thorough breakdown of the property, covering total investment required, renovation costs, projected timeline for completion, and expected profits upon successful flipping. We believe in providing our investors with all the necessary information to make informed decisions.
Interested investors are invited to participate in the specific project by contributing their investments towards that particular endeavour. Participation operates on a first-come, first-served basis, ensuring equitable opportunities for all interested parties. We keep the investment opportunity open until the required investments are secured, allowing ample time for interested investors to review the details and commit to the project. This ensures that all potential investors have a fair chance to participate and benefit from our ventures.
We shall uphold the highest standards of transparency, legality, and professionalism. We view our investors as partners and associates, valuing their contributions and commitment to our real estate endeavours.
Step 5: Project based Partnership
We work on a Project to project based collaboration. We engage in project-based collaborations that are legally registered and adhere to appropriate government regulations. Each partnership is formalized through a legally binding Partnership Deed, meticulously outlining key details such as the partnership’s objectives, the specific property involved, individual investment amounts contributed by each partner, and the percentage share of profits allocated to each partner.
Our partnerships operate on a project-by-project basis and are exclusively profit-oriented. They are structured as a Profit-Oriented “Consortium & Alliance,” with the primary aim of maximizing financial gains for each Partner Associate involved. It’s important to note that this arrangement is speculative in nature and does not establish a formal business partnership with our Company.
Partner Associates contribute ‘Contribution Investments’ to support our property flipping business, and profit distribution is directly correlated with the size of their Contribution Investments. Upon completion of a project and deduction of all relevant expenses, profits are distributed among the ‘Group of Partner Associates.’
Following the completion of each project, the partnership is efficiently wound up, ensuring a clear and concise conclusion to the collaboration.
Our projects typically span a brief period of 4-6 months, minimizing the duration your capital is tied up. We understand the value of your time and money, which is why our projects are meticulously designed to deliver impressive returns within a short timeframe.
Join us as a Partner Associate and embark on a journey of profitable collaborations in the dynamic world of property flipping.”
Step 6: Acquisition of the Property
Upon successfully securing the required capital from our esteemed partners, we expedite the acquisition process by immediately proceeding with the acquisition of the property. This acquisition is conducted through a meticulously executed legal registration process, meticulously adhering to all relevant government regulations and requirements.
It’s very important to highlight a very crucial aspect of our acquisition process here. The Sale Deed for the purchase of the property is registered in the names of all investors involved. This comprehensive documentation explicitly outlines each investor’s financial contribution and their corresponding percentage share in the property. This ensures that investors’ investments are fully protected, as their ownership rights are legally recognized and secured.
With the Sale Deed registered in the names of the investors, they can rest assured knowing that their investments are entirely safe, secure, and legally valid. This provides investors with peace of mind and confidence in the security of their investments. Following registration and after taking over the physical possession of the property, we meticulously complete all necessary formalities, including the transfer of utilities such as water, drainage, and power, to ensure that the property acquisition process is fully comprehensive and legally complete in every aspect.
We prioritize the protection and security of our investors’ investments, ensuring that every step of the acquisition process is conducted with utmost diligence and legality.”
Step 7: Mandate to be given to our Company
After successfully acquiring the property, the group of Partner Associates have to execute a ‘Mandate’ to Jayashree Projects & Marketing to oversee all renovation works, planning, execution, and necessary tasks involved in the property flipping process. This mandate empowers Jayashree Projects & Marketing to efficiently manage every aspect of the property’s transformation, from renovation to resale.
The group of Partner Associates would release the required funds, approximately 10% of the property acquisition costs to M/s Jayashree Projects & Marketing to undertake all the above mentioned works.
Under this mandate, Jayashree Projects & Marketing would not only handle all the renovation works ensuring that the property is transformed to maximize its value potential but also strategize and implement effective marketing and sales initiatives to facilitate the resale of the property at an optimal price point, leveraging their expertise to attract potential buyers and secure profitable deals.
Within this mandate, investors will explicitly outline that Jayashree Projects & Marketing is entitled to their Project Management & Consulting Fee. This fee encompasses a range of comprehensive services, including project oversight, coordination and consultation throughout the entire project lifecycle right from the initial acquisition of the property to its renovation, rehabilitation, and eventual sale.
It is agreed that the specified fee shall be promptly disbursed to the company upon receipt of the sale proceeds by individual investors. This disbursement will be made in proportion to each investor’s percentage of shareholding in the property, without any negotiation or dispute. This streamlined process ensures clarity and fairness for all parties involved.
Step 8: Renovation, Modification & Rehabilitation work
Upon receipt of the mandate and allocated funds for the Renovation & Rehabilitation works, from our investors, Jayashree Projects & Marketing will promptly initiate the necessary works. Our team comprises skilled and experienced professionals who are fully prepared to commence and expedite the project without any undue delays.
We acknowledge the critical importance of timely completion, understanding that any delays in the renovation & rehabilitation efforts will directly impact the overall profitability of the venture. Thus, our company is committed to exerting maximum effort to ensure swift completion of the project.
It’s imperative to emphasize the necessity of complete trust and cooperation from the investors’ side. Without their full support and coordination, the project’s momentum could suffer, resulting in undesirable delays in completion. We trust that our mutual collaboration will facilitate the smooth and timely execution of the Renovation & Rehabilitation project.
Step 9: Marketing of the Property
Upon the completion of renovation & rehabilitation, Jayashree Projects & Marketing will immediately launch an extensive effort to secure a suitable buyer for the property. Utilizing various marketing channels such as real estate agents, online portals, and newspaper advertisements, we aim to achieve the highest possible sale price.
It’s essential to note that all costs associated with marketing and real estate agent commissions are considered part of the renovation & rehabilitation expenses, to be borne by the investors.
Furthermore, our company will facilitate the legal transfer and registration of the property from the investors to the new buyer, adhering to all relevant government regulations. The proceeds from the sale will be distributed to the investors in direct proportion to their investments. Here we shall ensure that investors not only recoup their original investments but also realize profits from the project’s success in the flipping business. We are dedicated to delivering maximum returns to our investors through meticulous planning and execution.
Step 10: Closure
This marks the culmination of the Partnership agreement which was meticulously structured as a Profit-Oriented “Consortium & Alliance.” Our primary focus throughout has been to optimize financial gains for each Partner Associate involved.
With the successful attainment of the partnership’s objectives and the completion of the project, we proceed to efficiently wind up the partnership. This ensures a clear and concise conclusion to our collaborative efforts, reflecting our commitment to seamless transitions and mutual success.