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