The real estate developers and the landowners in India have joined hands to develop 1546 acres of land in the last 18 months (January 2023 to June 2024), according to a report by JLL, a real estate company.
After conducting raids in around 50 premises spread across Bengaluru, Mumbai and Goa, the Income Tax Department has detected unaccounted income of more than Rs 1300 crore of people involved in the execution of joint development agreements with some Karnataka-based real-estate developers.