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In this video, Maishri from Cleo explains the tax implications of joint development agreements (JDAs) in real estate, highlighting their differences from typical transactions involving the purchase and sale of goods. JDAs are prominent in India's real estate sector, where landlords provide the land while developers handle property development. There are two key types of JDAs: revenue sharing, where the landlord receives a share of sales revenue, and area sharing, where the landlord claims a portion of the developed space. By the end of the video, viewers will understand the specific tax considerations associated with these agreements.