Top 8 Indian Cities See 68 Land Deals In The First 9 Months Of 2022: Report

NCR sealed 16 separate transactions accounting for 14 per cent of the total land deals covering approx. 234 acres

Over 147 acres in four separate deals are earmarked for industrial and logistics parks and warehousing, according to the report.

Source : Getty

A total of 68 land deals, accounting for 1,656 acres, were registered in the first nine months of this calendar year in the top 8 cities, according to a report by Anarock research. According to the report, around 20 land deals for 925 acres were closed in the corresponding period last year.

With some of the larger deals, there is still ambiguity about the type of development that will take place there. For most other deals, developers and entities have already zeroed in on development purpose:

• Of 68 land deals closed in 2022 (Jan-Sept), nearly 40 deals 590+ acres are proposed for residential development
• Over 147 acres in 4 separate deals are earmarked for industrial and logistics parks and warehousing
• 4 deals for over 119 acres are for data centres
• 5 separate land deals for over 115 acres are for mixed-use development 
• Approx. 26 acres in 4 separate deals are for commercial development
• Approx. 11 deals for over 659 acres are for miscellaneous purposes, including retail and BPO and development; development purpose for a large portion of these deals is undecided

Proposed Development	No. of Land Deals	Approx. Size (acres)
Residential	40	590.54
Industrial & Logistics & Warehouse	4	147
Data Centres	4	118.8
Mixed-Use	5	115
Commercial	4	25.73
Others (Retail/BPO or Undecided)	11	658.94

Source: ANAROCK Research

City-wise outlook

"In terms of land area transacted, Hyderabad has seen the biggest land transactions so far this year," said Santhosh Kumar, vice-chairman, Anarock Group. "In terms of total number of land deals, MMR clocked the highest number of deals; while the total area transacted was unspectacular, one must also consider the steep prices in this land-starved city."

Top Land Deals Across Cities
Deal in Quarter	Landowner	Buyer	City	Approx. Size (in Acres)	Approx. Value (INR-crore)	Proposed development
Q3-2022	Ireo Group	Oberoi Realty	Gurugram	50	1,000	Residential
Q3-2022	GOCL Corporation	Squarespace Infra City	Hyderabad	12.25	125	NA
Q3-2022	Anonymous	Godrej Properties	Bengaluru	7	150	Residential
Q3-2022	Anonymous	Sunteck Realty	Mumbai	7.5	JDA	Residential
Q3-2022	Acreage Builders	Max Estate	Gurugram	7.15	323	Commercial
Q3-2022	Ambience Group	Elan Group	Gurugram	7.5	200	Mixed Use
Q2-2022	Anonymous	Mahindra LifeSpaces	Pune	11.5	NA	Residential
Q2-2022	Anonymous	Madhav Group	Ahmedabad	2	250	Residential
Q2-2022	PB Global	Runwal Developers	Thane	20	471	Residential
Q2-2022	Anonymous	JMS Buildtech	Gurugram	51	400	Residential
Q1-2022	Anonymous	Hetero Group	Hyderabad	600	350	Not divulged yet
Q1-2022	Indiabulls Real Estate	Elan Group	Gurugram	40	580	Mixed Use
Q1-2022	Anonymous	Microsoft	Hyderabad	41	164	Data Centre
Q1-2022	Anonymous	Arttech Group	Faridabad	7.3	70	Residential

Source: ANAROCK Research

Jan-Sept 2022
Cities	No. of deals	Approx. size
NCR	16	233.83
MMR	17	198.62
Bengaluru	9	223.2
Hyderabad	7	769.25
Pune	8	123.7
Chennai	7	92.21
Kolkata	1	5.6
Ahmedabad	3	9.6
Total	68	1656.01

Source: ANAROCK Research

• Hyderabad saw 7 separate deals for 769+ acres, accounting for over 46 per cent of the total land transacted between January and September
• NCR sealed 16 separate transactions accounting for 14 per cent of the total land deals covering approx. 234 acres. This includes 9 deals for a total of 197 acres in Gurugram, and 7 in Delhi, Faridabad, and Noida. The proposed developments include residential, retail, mixed-use, commercial, and warehousing
• Bengaluru saw 9 separate deals for a total of 223 acres earmarked for residential, mixed-use, and a logistics park
• Pune saw 8 separate deals for approx. 124 acres, accounting for 7 per cent of the total land area transacted across these cities. All are proposed for residential development
• MMR saw the highest number of transactions cumulatively accounting for just 199 acres, earmarked for residential and logistics developments
• Chennai saw 7 deals for 92+ acres for a mixed-use development including residential, BPO and an industrial park
• Ahmedabad closed 3 deals for approx. 9.6 acres
• Kolkata closed 1 land deal for approx. 5.6 acres