Joint development agreements for 1,546 acres of land inked in the last 18 months; NCR, Bengaluru lead with maximum deals Hindustan Times
Real estate developers and landowners joined hands to develop 1,546 acres of land and inked a total of 56 separate Joint Development Agreements (JDAs) over the past 18 months. Residential developments had a share of more than 97% (1,501 acres) in these signed agreements offering a development potential of 110 million sq. ft with an estimated gross development value of around ₹99,460 crore, according to a report by JLL. Out of the total 1,546 acres, the remaining 45 acres were allocated for the development of commercial projects which primarily included lease-based office projects.
