Description
Shalimar Corp has acquired nearly 3 acres of prime land in Lucknow for ₹450 crore through a government auction. The transaction is among the city’s costliest land deals, highlighting the rising value of strategically located land in Tier-2 cities.
With premium housing demand increasing, developers are expanding their focus beyond metros. FY26 recorded 111 land deals covering nearly 3,000 acres, including 520 acres across Tier-2 cities.
[Shalimar Corp, Lucknow real estate, ₹450 crore land deal, 3-acre land acquisition, Tier-2 cities]
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