Indian developers buy land parcels worth Rs 39,700 crore in 2024: JLL

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The acquired land parcels have the potential to accommodate developments spanning 194 million square feet.

Tier I cities include Bengaluru, Chennai, Delhi National Capital Region (NCR), Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), and Pune.

Tier II and III cities recorded a 28 per cent share, translating to 662 acres of land.

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Category: BusinessFinance

Markets: India

Topics: Indian property market trends Commercial real estate India Warehousing and industrial land Indian real estate Delhi NCR real estate JLL India report Residential development investment Mumbai Metropolitan Region land deals Land acquisitions 2024 Micro-market land transactions Tier I city land purchases Indian real estate investment Tier II and III real estate markets

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 14:42:32 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 26916510

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