Mumbai, Oct. 24 -- A surge in the prices of residential and commercial properties in recent years, after the covid pandemic, has made the sector an attractive opportunity for Indian conglomerates, which are rapidly expanding their real estate development businesses.

Construction is not a core business for most conglomerates, and they are typically not as aggressive in this sector as pure-play real estate companies, according to experts. However, these business houses are now rapidly developing their land holdings to cash in on the boom in prices. Many are also venturing into buying land or tying up redevelopment agreements to scale up their real estate businesses.

Among those rapidly scaling their real estate businesses are the Raymond ...