Sunday, June 24, 2007

Banking on land -Property-The Sunday ET-Magazines-The Economic Times

Big real estate players have, in fact, amassed huge land reserves. Emaar-MGF has reserves to the tune of 10,000 acre, DLF has 10,255 acres while Unitech’s holdings stand at 10,700 acres, according to estimates. Other real estate players such as Vipul and Uppal Housing also have land banks amounting to 1,500 acre and 1,000 acre respectively.

Moreover, it is not just real estate players who are buying big time. Even the realty wings of big corporate houses such as Tata Housing Development Company (THDC) and Godrej Properties are gearing up to accumulate land for the future. .........Banking on land -Property-The Sunday ET-Magazines-The Economic Times

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