According to the report, in the last 18 months, a total of 56 separate Joint Development Agreements (JDAS) were signed. These agreements will help the developers to expand into new cities and micro markets and landowners to benefit in return.
However, the Delhi NCR emerged as the favourite region for the developers in terms of the number of transactions in the last 18 months (January 2023 to June 2024), with 20 Joint Development Agreements (JDAs) signed, covering approximately 233 acres of land, according to a report by JLL, a real estate company. These agreements have the potential for a total development of 36.5 million sq. ft.
The report highlighted that in Delhi NCR, a significant portion of these deals, covering 151 acres, were signed in Gurugram alone.
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