More than 40 land deals were reported in the Delhi-NCR micro-market, with Gurugram accounting for 60 percent of the transactions followed by Noida and Greater Noida
Of the total land deals in FY24, around 80 separate deals for approximately 2,252 acres are for proposed residential, plotted development and township projects.
The financial capital is constrained when it comes to premium locations. South Mumbai is among the preferred destinations, and apart from boasting of a premium address, comes with the added advantage of a high FSI. And given the unrelenting demand for luxury homes, there is little likelihood of high-end deals tapering off soon
Approximately 28 separate land deals for over 1,205 acres have been proposed for residential development in the top seven cities.
Trends of high-value land deals reflect the booming property market in China. This week, a plot of residential land was sold for a record price, a sign that the country's real estate is heating up as the economy recovers.
Haryana's deputy commissioners have found no irregularities in Congress President Sonia Gandhi's son-in-law Robert Vadra's land deals. A panel of four Deputy Commissioners has given Vadra's deals a clean chit.