In Kolkata, Abhijit Das, regional head, Jones Lang LaSalle Meghraj, said there might be about 8-10 real estate developers who have aggregated land in Singur, but are holding back their decision before legally registering the property.
The land transactions have reduced by four-five times beginning this year, said Das.
"Prices may see some correction but because of excellent connectivity provided by the National Highway, and industrial development in Asansol and Bardhamaan, land prices might not fall despite a 100 per cent increase in the last three years," said Das.
Image: West Bengal Chief Minister Buddhadeb Bhattacharya (L) and Ratan Tata in happier times | Photograph: Deshakalyan Chowdhury/AFP/Getty Images
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