 "infra, realty, buildings, real estate")
In stressed realty markets such as the National Capital Region and Mumbai, big players are going for outright land acquisition, joint ventures, and joint development agreements, as liquidity from non-banking finance companies for the sector dries up. The environment for consolidation is optimum as the sector was already reeling from the effects of demonetisation and implementation of the goods and services tax (GST) as well as the Real Estate (Regulation and Development) Act, 2016 (RERA).
Leading the wave of consolidation are a list of the projects Godrej Properties has entered into in recent months: 1. A 1.7-million sqft housing project
