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During the 22-month period from January 2022 to October 2023, real estate developers purchased about 3,294 acres of land. A substantial proportion, or 44.4%, of these land deals was transacted in tiers II and III locations, with 1,461 acres being acquired in 17 land deals, according to a JLL India study. ....
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The report added that real estate players entering these cities have enhanced the home buyer confidence, as these developers have a good track record and strong execution capabilities, along with access to institutional capital ....
Real estate: Panipat, Ludhiana, Nagpur and Panchkula collectively contributed to around 75 per cent of the total 1,461 acres of acquired land during January 2022-October 2023, says JLL report ....