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What is Land Price Surge in Tier 1 Cities about?
Land prices in Tier 1 cities have surged by 20-200% compared to pre-COVID levels, with Gurgaon and Hyderabad seeing the highest increases. Large organized players dominate land acquisitions, accounting for approximately 80% of deals in 2022, while NCR emerges as the preferred region for expansion. The rising land prices and higher interest rates are expected to accelerate industry consolidation, benefiting major developers like DLF, Oberoi, Prestige, and Sobha.
- Author
- Archit Goyal
- Language
- EN