Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
CBRE South Asia reports a 65% increase in land transactions in India from January to September 2024, indicating a surge in real estate activity, particularly in Delhi-NCR, which led with 32% of the total deals. Over 100 transactions covered approximately 1,700 acres, with Gurgaon contributing 65% of Delhi-NCR deals. The residential sector dominated with 61% of deals, while data centres and office properties also gained traction. Investor confidence remains strong, supported by favourable economic conditions and high demand across markets. CBRE anticipates continued momentum driven by strategic investments in the Indian real estate sector.
CBRE South Asia, a real estate consulting firm, reported a 65% increase in land transactions across India from January to September 2024. This growth reflects an overall rise in real estate activity, especially in major urban areas like Delhi-NCR, Mumbai, Chennai, Hyderabad, Bengaluru, and Pune. During this period, over 100 land deals were finalised, up from 60 last year, covering approximately 1,700 acres, primarily concentrated in these six cities. Advertisement
Delhi-NCR emerged as the leading region for land deals, accounting for 32% of the total volume. Within Delhi-NCR, Gurgaon stood out, contributing around 65% of the deals, followed by Noida and Greater Noida, which together made up 20%. The region saw a 65% year-on-year increase in the number of deals. Other cities also saw strong activity. Bengaluru contributed 22% of the total land deals, followed by Mumbai with 12%, and Chennai with 10%. These cities collectively represented 75% of all transactions during this period.
The increase in land deals was driven primarily by the residential sector, which accounted for 61% of the total deals, covering 870 acres. This represents a 50% increase compared to the same period in 2023. The Industrial & Logistics (I&L) sector followed, covering 13% of the transactions (525 acres), a modest 5% rise in land acquisition compared to last year. Data centres also emerged as a growing asset class, making up 6% of the total volume, covering more than 140 acres. The office sector saw a notable increase as well, representing 8% of the transactions, covering over 20 acres, up from 3% (14 acres) last year.
The report also highlighted a diversification in land use preferences. Retail deals covered 2% of the total volume, or 20 acres, while hospital assets accounted for 5% (11 acres), showing growth from last year's 2% (2 acres). Retail deals, however, saw a decrease, dropping from 3% (30 acres) in 2023, reflecting changing market demand.
Anshuman Magazine, Chairman & CEO of CBRE for India, South-East Asia, the Middle East, and Africa, stated that the rise in land deals across various asset classes shows strong investor confidence and changing trends in the Indian real estate market. He noted that the growth in established segments like residential and office properties, along with emerging sectors such as data centres, reflects increasing investor confidence in the long-term potential of India's real estate sector.
Gaurav Kumar, Managing Director of Capital Markets and Land at CBRE India, stated that the notable rise in land deals this year reflects strong confidence from both domestic and international investors in India's real estate potential. He mentioned that high demand across different markets, along with favourable economic conditions, has created a growth-friendly environment. Kumar expects this momentum to persist, supported by strategic investments that highlight the market's stability and long-term growth opportunities.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
