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24.12 - 10:34
Top 7 cities see over 1,757 acres land deals in a year – 69% for residential development
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financialexpress.comDespite the pandemic, many developers and entities sealed around 45 separate land deals cumulatively accounting for over 1,757 acres of area across the top 7 cities between Q3 2020 and November 2021, according to ANAROCK data.
Of the total transacted land area, approx. 69% or 1,205 acres are proposed to be developed into multiple residential projects across these cities. The total development potential of these deals works out to at least 45-50 mn sq. ft. of residential area.
As many as 28 residential land deals were closed across the cities in the last year:
# Land-starved MMR saw 11 land deals involving 768 acres of area – a 64% share of the total 1,205 acres of planned residential development across the top cities.
# NCR came a distant
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