Summary:

India's real estate sector is thriving, driven by significant land acquisitions to meet rising demand. According to a JLL India study, Rs. 62,328 crore (US$ 7.15 billion) was invested in land development over the past year. Developers acquired 2,335 acres across 23 locations, with 81% allocated for residential projects. The RBI’s rate cut and fiscal incentives are expected to sustain demand. The top seven metropolitan cities account for 91% of the capital requirement, with 1,673 acres purchased. Expanding metro networks, highways, and commercial corridors have fueled land banking, pushing per-acre land costs from Rs. 11 crore in 2022 to Rs. 17 crore in 2024. Lata Pillai of JLL highlighted opportunities for Alternative Investment Funds to drive long-term real estate growth despite financing constraints.

Source: IBEF

Disclaimer:

The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.