Noida based real estate developer County Group plans to deliver over 4 million sq ft across three housing projects in 2024, overcoming the challenges faced during Covid. The region where majority of the projects are stuck and buyers are waiting for delivery for over a decade, has seen very few delivered projects since Covid.
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.
Land Deals In India: During the entire 2023-24 fiscal, property consultant Anarock said that real estate developers and other entities have closed 101 land deals, cumulatively accounting for 2,989 acres.
Indian real estate employment grew to 7.1 crore in 2023, aided by housing sector expansion and government policies. Initiatives like SWAMIH Fund and RERA played vital roles, contributing to rising housing prices and sector growth prospects.