Amid stress in realty, large builders lap up prime plots in distress sales3 min read . Updated: 16 Feb 2020, 11:30 PM IST
- Over the past two years, land prices have fallen by up to 50% in Delhi-NCR, and 10-15% in cities like Mumbai and Pune
- This month, retail firm D-Mart founder Radhakishan Damani bought an 8.8-acre parcel at Mumbai’s Borivali suburb from debt-laden CCI Projects for over ₹500 crore
MUMBAI : Large developers and business groups are finding the continuing stress in the realty market an opportune time to buy up land banks for future expansion, with several prime land parcels up for sale at discounted rates and attractive terms.
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