59 Land Deals for 2,018+ Acres Closed Across India in 2023 YTD


In contrast, the Jan-Aug. period of 2022 saw closure of 50 land deals over 1,438+ acres across cities

 

  • Of total land deals in 2023 (Jan-Aug.), 5 deals over 1,136+ acres proposed for township development, one deal for 300+ acres for manufacturing, 38 deals for 283+ acres for residential development, 154 acres for plotted developments, 62+ acres for mixed-use development, among others
  • MMR tops no. of land deals (17), NCR next with 13 deals in the period – but land parcels are small at 95+ acres & approx. 90 acres, respectively
  • Ahmedabad saw just 3 land deals – but for large land parcel covering approx. 740 acres

 

Buoyed by growing demand in the post-Covid world across various sectors of Indian real estate, developers and some business entities are coming forward to purchase land across cities.

 

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“Latest ANAROCK Research indicates that as many as 59 separate land deals for 2018+ acres have been closed across the country between January to August 2023,” says Anuj Puri, Chairman – ANAROCK Group. “In the corresponding period last year, about 50 land deals for 1,438+ acres were closed across various cities.”

 

“However, very few of these deals were for large land parcels,” says Puri. “The three largest were in Ahmedabad, for approx. 740 acres, and one deal each in Ludhiana and Bengaluru for 300+ acres each. In terms of deal numbers, residential real estate drew the highest.”

 

  • Of 59 land deals closed in 2023 (Jan-Aug), approx. 38 deals for 283+ acres are proposed for residential development across the top 7 cities
  • 5 deals for 1,136+ acres are earmarked for township projects in cities like Chennai, Ahmedabad and Ludhiana
  • 4 deals for 62+ acres are for mixed-use developments in Noida, Gurugram, Pune and Bengaluru
  • 3 separate land deals for over 154 acres are for plotted developments in cities like Chennai, Raigad and Gurugram 
  • 3 deals for approx. 16.5 acres are for commercial development in NCR cities like Delhi, Noida and Gurugram
  • One large deal over 300 acres has been earmarked for manufacturing in Bengaluru.

 

Proposed Development

Area (acres)

No. of Deals

City

Commercial

16.5

3

Delhi, Noida, Gurugram

Hotel

5.5

1

Mumbai

Industrial

38

1

Sanand, Gujarat

IT Park

7

1

Chennai

Manufacturing

300

1

Bengaluru

Mixed-Use

62.16

4

Noida, Bengaluru, Gurugram & Pune

Plotted Development

154

3

Gurugram, Raigad, Chennai

Residential

283.06

38

Top 7 Cities

Residential + Retail

8.35

1

Gurugram

Township Project

1136.33

5

Chennai, Ahmedabad & Ludhiana

Not yet Decided

7.44

1

Kolkata

Source: ANAROCK Research

 

City-wise Analysis

 

In terms of total land area transacted, Ahmedabad stood out with approx. 740 acres transacted so far this year. At 17 deals, MMR saw the highest number; the total area transacted was just 95+ acres.

 

 

Top Land Deals Across Cities

Deal in Quarter

Buyer

City

Approx. Size (in Acres)

Approx. Value (INR-crore)

Proposed Development

Q1-2023

Godrej Properties

Chennai

60

100

Plotted Development

Q1-2023

Supreme Universal

Mumbai

5

311

Residential

Q1-2023

CRC Group

Noida

11.16

138

Mixed Use

Q1-2023

Max Estate

Gurgaon

11.8

JDA

Residential

Q1-2023

Arogya Bharati Hospitals

Mumbai

23

540

Residential

Q2-2023

VTP Realty

Pune

6.7

260

Residential

Q2-2023

Ajmera Realty

Mumbai

1.24

76

Residential

Q2-2023

Birla Estates

Bengaluru

28.6

 –

Residential

Q2-2023

Foxconn

Bengaluru

300

300

Manufacturing

Q2-2023

Ganga Realty

Gurgaon

8.35

132

Residential & Retail

Q2-2023

Adani Infrastructure

Ahmedabad

35.83

325

Township Project

July-Aug.-2023

Godrej Properties

Gurgaon

7.91

900

Residential

July-Aug.-2023

Arvind Smartspace

Ahmedabad

500

JDA

Township Project

July-Aug.-2023

Rajpushpa Properties Pvt Ltd

Hyderabad

3.6

362

Residential

July-Aug.-2023

UK's Malhotra group

Ludhiana

300

150

Township Project

Source: ANAROCK Research

 

  • Hyderabad saw 2 separate deals for 18+ acres, accounting for just 1% of the total land transacted between January and August 2023.
  • NCR sealed 13 separate transactions accounting for 4% of the total land transacted, for approx. 89.82 acres. This includes 9 deals for a total of 61.6 acres in Gurugram, 3 in Noida for 19+ acres, and one in Delhi for approx. 9 acres. The proposed developments include residential, retail, mixed-use, commercial, and plotted development.
  • Bengaluru saw 8 separate deals for 401+ acres, accounting for 20% of total land transacted, earmarked for manufacturing, residential, and mixed-use.
  • Pune saw 5 separate deals for approx. 44 acres, accounting for just 2% of the total land area transacted across cities, proposed for residential and mixed-use development.
  • MMR saw the highest number of transactions (17) cumulatively accounting for just 95+ acres, earmarked for residential development.
  • Chennai saw 5 deals for approx. 178 acres, earmarked for plotted developments, residential, an IT park, and a township project.
  • Ahmedabad closed 3 deals over 740 acres – accounting for the highest share (37%) of total land transactions in the country
  • Kolkata closed 3 land deals for approx. 25 acres.

 

Cities

Land Area (Acres)

No. of Deals

Ahmedabad

739.83

3

Bengaluru

401.05

8

Chennai

177.74

5

NCR

89.82

13

Sanand, Gujarat

38

1

Hyderabad

18.6

2

Kolkata

24.88

3

Ludhiana

300

1

MMR

95.46

17

Pune

43.96

5

Raigad

89

1

Source: ANAROCK Research

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