India, July 20 -- Having said that, real estate developers continued to buy land parcels executing their expansion plans and building gated villas and townships (integrating senior living/community living in select projects) to address homebuyers' demand for safety, modern amenities, and a community lifestyle, the report said.

GMR is planning an Aerocity in Mopa (Goa), which is being conceived as a leisure and hospitality destination, offering scope to develop over 20 hotels and more than 7,000 hotel rooms. Aerocity is designed as a sub-urban area around the airport and is becoming an important hub for the hospitality industry in the region, attracting growing attention of luxury hotels, high-end hotels, corporate guest houses, long-term...