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Synopsis
For home buyers it means a smaller investment along with ownership of land and for builders it’s a way to quickly monetise land, sell faster and generate better cash flow while ensuring quicker exits from investments compared to longer periods of constructing housing projects. Many leading developers are already making forays into the new segment.
BENGALURU: Southern cities of Bengaluru, Hyderabad and Chennai, are witnessing a rise in plotted development as social distancing becomes the norm after the spread of Covid-19 and work from home has gained wider acceptance.Also the development holds significance since builders are finding it difficult to generate liquidity due to lower sales and stressed cash flows. “Investment in land is a time-honoured tradition and Covid-19 has further
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