Land Deals Drop In India

Hit by a demand slump in the residential sector, India is likely to witness around 25 percent decline in land deals to around 15,000 crore across various locations in the country, according to Cushman & Wakefield. India had seen land deals worth 20,000 crore in 2011. Out of the expected transactions, 7,000-8,000 crore have already taken place. Most of the land purchases will be done by regional smaller players instead of big developers. As regards demand, sales of housing units have fallen by about 30 percent across the country in the last one year.

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