Despite slowdown in the real estate market, land deals are thriving. According to a ET report, the total value of such deals, in the first few months of this year, have touched around Rs. 23,000 Crore.. As per a study by JP Morgan, BPTP Developers' (Delhi) Rs. 5,000 Crore land deal in Noida was largest, while land auctions in Bandra Kurla Complex had fetched around Rs. 4,000 Crore.
Deals in the pipeline are Indian Railways 50 acres worth Rs. 10,000 crore, Rs 115-crore deal between the Balaji group and Prestige group, etc.
This report comes at a time when it is expected that a tightening in global liquidity and a slowdown in the economy, could put the brakes on the real estate markets witnessing a sharp rising growth in the past few years.
No comments:
Post a Comment