January 13, 2025: According to the latest report by real estate consulting firm CBRE South Asia Pvt. Ltd., land deal volume in India witnessed an increase of 47% YoY, reaching over 2000 acres across the top eight cities in CY 2024. The report titled ‘Market Monitor Q4 2025 – Investments mentioned that nearly 135 land transactions were closed during CY 2024 compared to around 90 in CY 2023, which were primarily concentrated in major metropolitan areas such as Delhi-NCR, Bangalore, Mumbai, Chennai and Pune.
The report stated that Delhi-NCR emerged as the frontrunner, with nearly 40 land deals, while Gurgaon accounted for a significant share of over 60%, followed by Noida/Greater Noida at around 25%. This increase in land transactions highlights the region’s attractiveness for residential and warehousing developments. Bangalore registered around 30 land transactions, followed by Mumbai and Chennai, which contributed around 25 and 15, respectively. This growth in activity across regions can be attributed to growing demand for residential projects, strong economic performance and supportive policy measures, the report said.
City | No. of land deals (by volume) in CY 2024 |
Delhi – NCR | 35-40 |
Gurugram | 60-65% |
Noida /Gr. Noida | 20-25% |
Bengaluru | 25-30 |
Mumbai | 20-25 |
Chennai | 10-15 |
Pune | 5-10 |
Others | 25-30 |
Asset-wise land deals
According to the CBRE report, deals in residential assets contributed more than 60% of the total volume (around 1,190 acres) and recorded around 70% increase compared to 2023. Data centers contributed nearly 10% of transaction volume share (around 200 acres of land), reflecting strong investor interest. Industrial and Logistics assets accounted for >5% of land deal volume (around 580 acre), demonstrating consistent growth due to rising demand for warehousing and manufacturing spaces. Other segments, such as mixed-use, hospitals, etc., accounted for around 15% of the total volume, showcasing diversification in asset preferences. Both the retail and office segments each contributed around 5% share, driven by the growing demand for modern workspaces and evolving market dynamics in these sectors.
Anshuman Magazine, chairman & CEO – India, South-East Asia, Middle East & Africa, CBRE, said, “The significant growth in land deals across diverse asset classes highlights strong investor confidence in India’s real estate market. The residential segment is booming due to rising urbanization, favourable policies and increased affordability. Simultaneously, the growth in data centers and office spaces underscores India’s role as a hub for digital and corporate infrastructure. This momentum positions India as a leading market for real estate investments in 2024.”
Gaurav Kumar, managing director, Capital Markets and Land, CBRE India, said, “The investor interest across traditional and emerging segments like data centres and logistics is a testament to India’s potential as a strategic investment destination. Robust demand, coupled with innovative developments and policy support, continues to attract strong domestic and international investments. We anticipate this trajectory to strengthen further, cementing India’s position as a resilient and growth-driven real estate market.”
Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
Comments 0