Key Points
Mumbai: The ongoing resurgence in the residential real estate market has prompted property developers to actively pursue and conclude transactions for land parcels, and the trend is not limited to metropolitan regions and peripheral locations but is also evident in tier-II and -III cities, too...
The buoyant demand for warehousing has also pushed finalisation of land deals higher...
We are looking to create wealth for our consumers with land offerings across such towns and cities of 'new India' that have been embraced by seminal infrastructural proliferation, development, and connectivity, making these cities meaningful centres of commerce," said Samujjwal Ghosh, chief executive of The House of Abhinandan Lodha (HoABL)...
"Strategic land acquisitions by developers in Tier-II and -III cities to enter new markets and leverage the rising demand for quality projects is on the rise..
As much as 91.6% of the land acquired in tier-II and -III cities, or 1,339 acres, is for residential developments, with the majority being planned as plotted residential developments..
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