As land prices climb in Mumbai, Delhi-NCR and Bengaluru, small and mid-sized developers are increasingly bidding for insolvent real estate companies through the NCLT process, treating distressed portfolios as an alternative route to land and project access.
Land acquisition has long been the single biggest constraint for real estate developers operating in India’s major cities. Increasingly, that constraint is no longer just about finding an available parcel, but about finding one priced low enough to keep a project financially viable.
This shift is pushing developers toward an unconventional route to growth. Rather than competing solely for fresh land, redevelopment sites or outright…