Consolidation in real estate may speed up amid Covid-19

Delhi-NCR, M3M India plans to partner with multiple developers to develop a 185-acre land parcel on the Dwarka Expressway through multiple joint development agreements.

“Through this collaboration with SLV, the company plans to launch 4-5 plotted land development projects in the next few months,” said Murali Malayappan, chairman and managing director of Shriram Properties, which has adopted a development management (DM) model as a growth strategy.
A joint venture or development management agreement will put the large developer in the driver’s seat as the control will be passed on to the new entity with the new entrant holding majority stake.