Builders bought 415 acres in Delhi-NCR in 2023 for Rs 9,120 crore to develop projects: Report
In a statement on Tuesday, real estate consultant JLL India highlighted that "Delhi-NCR led both in terms of number and area of land deals, with 415 acres acquired across 36 separate transactions valued at approximately Rs 9,120 crore." Of these 415 acres, around 264 acres (64 per cent) valued over Rs 5,300 crore were acquired in Gurugram.
The land acquired has a development potential of around 176 million sq ft. Of the 1,947 acres, builders have acquired 1,365 acres for development of housing projects. Image Courtesy: Reuters.