Nitco and Total Environment have entered a ₹350 crore joint development agreement for plotted residential projects in Alibaug's key villages. The deal, secured with a ₹58.42 crore advance, aims to drive real estate growth in Maharashtra's Raigad district.
Medium-sized developers in India renegotiate joint development agreements due to 30% drop in land prices in the past 6 months, seeking more viable terms.
Land prices decline across major Indian cities, with drops between 10-50% due to market slowdown and reduced deal volumes.