Conglomerates strike a gold mine in land assets

A surge in property prices after the covid pandemic has made real estate an attractive opportunity for Indian conglomerates, which are rapidly expanding their realty businesses.

- Nehal Chaliawala & Dipali Banka

Construction is not a core business for most conglomerates, and they are typically not as aggressive in this sector as pure-play builders. However, these business houses are now rapidly developing their land holdings to cash in on the boom in prices. Many are also buying land and tying up redevelopment agreements.

Among this set of conglomerates are the Raymond Group, Larsen & Toubro (L&T), the Kirloskar Group, the Shapoorji Pallonji Group, the Wadia Group and the Aditya Birla Group.