Dvok Buildcon Buys Prime 18-Acre Land in Gurugram for INR 310 Crore

Mumbai:

Property developer Dvok Buildcon has strategically acquired an 18-acre plot in Gurugram district for ₹310 crore, according to documents accessed via CRE Matrix, a real estate data analytics firm. The Gurugram-based company purchased the agricultural land near Manesar, paying ₹21.72 crore as stamp duty.

The trend of acquiring prime land parcels continues among major developers, driven by strong demand momentum in the residential property sector. Additionally, the commercial, retail, industrial, logistics, and warehousing sectors are contributing to significant land deals across key locations in India.

In FY23, a total of 88 land deals covering approximately 1,886 acres were completed nationwide. This figure rose to about 101 deals in the last fiscal year, encompassing nearly 2,989 acres.

The residential segment remains the driving force of the Indian real estate market, leading the charge in land acquisitions and development.