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In this video tutorial, the speaker explains that a realistic project developed as per a joint development agreement is different from the usual purchase and sale transactions, leading to different tax implications. The speaker, Maishri from Cleo, defines a joint development agreement (JDA) as a common practice in the real estate sector in India. In a JDA, the landlord provides the land, and the developers are responsible for the development. The landlord can either receive a share in sales revenue or a portion of the developed area. Subscribe to Cleo for more informative videos on finance concepts.
