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