Land Deals in India Rise 47% Y-o-Y Across 8 Cities in 2024: Report
14 Jan 2025
2 Min Read
CW Team
The volume of land deals in India witnessed a significant surge of around 47 per cent year-on-year, exceeding 2,000 acres across eight cities in 2024, as reported by CBRE.
In 2024, nearly 135 land deals were finalised, compared to about 90 in 2023, with the majority concentrated in key metropolitan areas like Delhi-NCR, Bengaluru, Mumbai, Chennai, and Pune.
Anshuman Magazine, Chairman & CEO of CBRE for India, South-East Asia, the Middle East, and Africa, remarked that the residential sector is flourishing due to increasing urbanisation, favourable policies, and enhanced affordability. He also highlighted that the growth of data centres and office spaces underscores India's position as a central hub for digital and corporate infrastructure. He noted that this momentum is setting India up as a prominent market for real estate investments in 2024.
Delhi-NCR emerged as the leading region, accounting for approximately 40 land deals, with Gurugram contributing more than 60 per cent of the deals, followed by Noida/Greater Noida at around 25 per cent. Bengaluru recorded nearly 30 land transactions, while Mumbai and Chennai contributed approximately 25 and 15, respectively.
Residential assets made up more than 60 per cent of the total land deal volume (around 1,190 acres), marking a ~70 per cent increase compared to 2023. Both the retail and office sectors contributed about 5 per cent each. Other segments, including mixed-use developments and hospitals, accounted for approximately 15 per cent of the total volume, highlighting the diversification in asset preferences.
The volume of land deals in India witnessed a significant surge of around 47 per cent year-on-year, exceeding 2,000 acres across eight cities in 2024, as reported by CBRE.
In 2024, nearly 135 land deals were finalised, compared to about 90 in 2023, with the majority concentrated in key metropolitan areas like Delhi-NCR, Bengaluru, Mumbai, Chennai, and Pune.
Anshuman Magazine, Chairman & CEO of CBRE for India, South-East Asia, the Middle East, and Africa, remarked that the residential sector is flourishing due to increasing urbanisation, favourable policies, and enhanced affordability. He also highlighted that the growth of data centres and office spaces underscores India's position as a central hub for digital and corporate infrastructure. He noted that this momentum is setting India up as a prominent market for real estate investments in 2024.
Delhi-NCR emerged as the leading region, accounting for approximately 40 land deals, with Gurugram contributing more than 60 per cent of the deals, followed by Noida/Greater Noida at around 25 per cent. Bengaluru recorded nearly 30 land transactions, while Mumbai and Chennai contributed approximately 25 and 15, respectively.
Residential assets made up more than 60 per cent of the total land deal volume (around 1,190 acres), marking a ~70 per cent increase compared to 2023. Both the retail and office sectors contributed about 5 per cent each. Other segments, including mixed-use developments and hospitals, accounted for approximately 15 per cent of the total volume, highlighting the diversification in asset preferences.
Next Story
NDMC Approves Key Projects to Advance Smart City Goals
In a decisive step towards sustainability and improved civic services, the New Delhi Municipal Council (NDMC) has approved a series of high-impact initiatives focused on renewable energy, utility upgrades, sanitation, flood prevention, and cultural development.At its latest council meeting, NDMC sanctioned the procurement of 120 MW of renewable energy from NHPC Ltd at Rs 4.62 per unit for a 25-year period, aligning with its transition to green energy and targeting peak electricity demands.To strengthen smart infrastructure, the council approved projects exceeding Rs 400 million (approx. USD 48..
Next Story
NVIDIA Unveils AI Blueprint to Aid Indian Smart Cities
As India undergoes unprecedented urban expansion, global technology leader NVIDIA has launched its Omniverse Blueprint for Smart City AI, a comprehensive model designed to support future-ready Indian cities. The initiative merges four of NVIDIA鈥檚 cutting-edge platforms鈥擮mniverse, Cosmos, NeMo, and Metropolis鈥攊nto a unified system that enables governments and developers to simulate, plan, and optimise urban services using AI-powered digital twins.With India projected to add over 400 million urban residents by 2050, the need for smart, data-driven infrastructure is increasingly urgent. NVI..
Next Story
Lack of Bidders Stalls VOC Port鈥檚 Rs 70.56 Bn Harbour Project Again
The VOC Port Authority鈥檚 Rs 70.56 billion outer harbour project has once again faced a setback, with the latest tender process cancelled due to the absence of qualified bidders. This marks the second failed attempt to secure participation for the mega infrastructure initiative.The tender has reportedly been withdrawn from the active list of bids, and the authority is now expected to re-evaluate and possibly restructure the project to enhance its appeal to potential developers.The port authority had initially floated the Request for Proposal (RFP) in December 2024, following the cancellation ..
