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The video tutorial discusses a joint development agreement (JDA), which is a modern development transaction involving a prime property. A builder approaches the owner of an old property with an offer of ₹25 lakhs in cash and two new flats in exchange for the land. The owner accepts the proposal, leading to the signing of an agreement and granting possession of the property to the builder for construction. Once completed, the builder provides two flats to the owner, retains two flats, and sells four flats to recover costs. The tutorial also touches upon the taxation aspect, explaining that capital gains are calculated by subtracting the acquisition cost from the total value obtained from the transaction.