Assetz Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Real estate developers in Bengaluru are increasingly using Joint Development Agreements (JDAs) with landowners due to surging land prices. JDAs allow developers to access prime locations without upfront costs and landowners to monetise their land without losing ownership rights. According to a report by Meraqi, around 70% of real estate assets in Bengaluru have been developed through JDAs.

Real estate developers in India increasingly favor Joint Development Agreements (JDAs) with landowners to navigate surging land prices, fostering a mutually beneficial arrangement. A report reveals that around 70% of real estate assets in Bengaluru are developed through JDAs. Land price appreciation, particularly in key markets like Bengaluru, drives this trend, with JDAs offering higher returns than outright sales. Policy changes and market dynamics further propel this strategic shift, indicating robust growth prospects for the real estate sector.

BCD Group, a prominent construction and design company in India, has achieved more than Rs 1,000 crore worth of projects in the first quarter of FY24, up by 30% from the previous year. Some of the key projects are residential and commercial development from builders, including Assetz Group, Salarpuria Sattva, Puravankara and Century Group.

Construction output bucked the UK’s wider economic trend by rising slightly in August but repair and maintenance work plunged to its lowest level this

Monthly construction output increased by 0.4% in volume terms in August, according to the Office of National Statistics. The latest data showed that this was the second consecutive monthly growth following the upwardly revised increase to 0.1% in July. August was also the second highest monthly value level at £15bn,