kopar at newton price

RIL's giant deal that amounts to Rs 121.5 cr per acre in BKC, will see construction of a multi-storeyed car park as well as a commercial complex. Says Manish Aggarwal, director, Land & Industrial, Cushman & Wakefield India, "Many real estate players like to start their flagship projects from prominent cities and this had led to large number of players eyeing some limited prime land parcels in metros. However, as the market matures, many of these players will look at creating large land banks which has a mix of prime and sub prime land parcels across tier II and tier III cities."

With an acute shortage of land in kopar at newton price metro cities and escalating land costs, it will not be long before other locations such as Hyderabad, Chennai, Bangalore, Coimbatore and Pune will grow as centres of major land deals in the near future.

Realty major Unitech hogged the limelight last year when it bagged a 1,750 acre plot near Vishakapatnam for Rs 3,328 cr. Bangalore-based Purvankara Developers and Nitesh Estates clinched major deals in Hyderabad and Chennai, respectively. In fact, both Hyderabad and Chennai have witnessed a huge interest from various segments of real estate investors, including funds and developers.