[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Lee Jang Ho staff of Kamagroup Pvt. Ltd. Here I have an important INDIA REAL ESTATE news to share with you which is as undermentioned.|
Commercial land prices in Hyderabad have gone up by at least 20-30% in the last one year as builders and institutional investors are making a beeline to invest in office space in the city. Some of the large funds and builders that have invested in Hyderabad include RMZ, Salarpuria-Blackstone, XANDER and Ascendas.
As per industry watchers, the IT hubs of Hitech City and Kokapet now command a premium of over Rs 25 crore per acre. “Due to unlimited floor area ratio, there has been too much construction leading to higher demand for land. The land prices have been constantly going up,” said Sandip Patnaik,MD, Hyderabad, JLL India.
Salarpuria Sattva is looking to double its presence in Hyderabad by acquiring assets. The Bengaluru-headquartered firm has about 17 million sq ft of projects under construction in Hyderabad alone.
Read more at: https://realty.economictimes.indiatimes.com/news/commercial/commercial-land-prices-in-hyderabad-see-20-30-jump/69277271
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