Taxable?-area held by landowner

Venugopal (B.Com) (67 Points)

27 March 2015  
In the Joint Venture of Area-Sharing 50:50 if the landlord retains the 4 flats, by way of 50% of his share, and only the Promoter sells his 4 flats should the area held by the landowner be taken into account while calculating Capital Gains? Kindly help with your views.