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Land deals wane on price heat, election jitters in second quarter of 2024: Anarock
The Business Guardian
|July 22, 2024
The Lok Sabha elections and the heated land prices seem to have dented the appetite for land acquisition for developers and other entities in the second quarter of 2024.
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The number of land deals closed in the second quarter of 2024 came down to 25 transactions for 325+ acres area, the latest data from real estate consultancy firm Anarock showed. In contrast, the first quarter of 2024 saw about 29 land deals for 721+ acres closed across the country.Prashant Thakur, Regional Director and Head - Research and Advisory, ANAROCK Group, states that from across cities, Bengaluru topped in the number of land deals.
This story is from the July 22, 2024 edition of The Business Guardian.
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