India: Large property developers lap up land parcels in distress sales

India: Large property developers lap up land parcels in distress sales

Residential and commercial buildings stand in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg

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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