This document presents a project report for the J.V Lalbaug property. The plot is near Ashoka tower in Mumbai and is currently vacant as the owner has paid tenants to leave. The report outlines the property details, terms of the joint venture which include the owner bearing construction costs and the partner providing a 15 crore deposit. It calculates that constructing residential units on the 500 sqm plot with a FSI of 3 could yield a net profit of 25.3 crore based on construction costs of 6 crore and sales revenue of 42.38 crore. Payment terms and the process for issuing letters of interest and drafting agreements are also specified.