Choosing between a DMM and a JDM
Both leave the land in your name. They differ on who carries the capital, and on what you are paid for.
The development management model is a fee arrangement. The landowner funds the project and VG INNFRA runs it end to end — planning, execution, financial control and sales — for a share of gross development value. The owner keeps the whole of the upside and carries the whole of the funding.
The joint development model is a partnership. The land goes in as equity, VG INNFRA invests in construction and sales alongside it, and the two sides share the outcome by revenue, area or profit. The owner puts in less capital and takes a smaller share of a project they are no longer funding alone.
The question that usually settles it is not which returns more on paper. It is whether the owner wants to fund construction. An owner with the capital and the appetite generally does better under a DMM. An owner who is land-rich and would rather not write cheques for two years is describing a JDM.
There is a second question underneath it, which is how much involvement the owner wants. A DMM keeps them in the approvals loop and funding decisions throughout. A JDM makes them a partner in strategic decisions but takes the operational burden away entirely. Neither is the safer arrangement; they are different jobs.