Top 8 Cities See 68 Land Deals for 1,656+ Acres in 9M 2022

just pune things app
Share this News:

Mumbai, 21 November 2022: Land, the most precious finite resource amid rapid urbanization, has been seeing increased action after the pandemic. Latest ANAROCK Research indicates that the top 8 cities closed at least 68 separate land deals accounting for 1,656 acres in the first nine months of 2022. In the corresponding period last year, just 20 land deals for 925 acres were closed across these cities.

 

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:

 

1) Of 68 land deals closed in 2022 (Jan-Sept.), nearly 40 deals 590+ acres are proposed for residential development

 

2)Over 147 acres in 4 separate deals are earmarked for industrial & logistics parks and warehousing

 

3)4 deals for over 119 acres are for data centres

 

4)5 separate land deals for over 115 acres are for mixed-use development

 

5)Approx. 26 acres in 4 separate deals are for commercial development

 

6)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

 

City-wise Outlook

“In terms of land area transacted, Hyderabad has seen the biggest land transactions so far this year,” says 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 Gurgaon 7.15 323 commercial
Q3-2022 Ambience Group Elan Group Gurgaon 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 Gurgaon 51 400 Residential
Q1-2022 Anonymous Hetero Group Hyderabad 600 350 Not divulged yet
Q1-2022 Indiabulls Real Estate Elan Group Gurgaon 40 580 Mixed Use
Q1-2022 Anonymous Microsoft Hyderabad 41 164 Data Centre
Q1-2022 Anonymous Arttech Group Faridabad 7.3 70 Residential

 

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

 

1)Hyderabad saw 7 separate deals for 769+ acres, accounting for over 46% of the total land transacted between Jan-Sept.

2)NCR sealed 16 separate transactions accounting for 14% 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, 3)Faridabad, and Noida. The proposed developments include residential, retail, mixed-use, commercial, and warehousing

3)Bengaluru saw 9 separate deals for a total of 223 acres earmarked for residential, mixed-use, and a logistics park

4)Pune saw 8 separate deals for approx. 124 acres, accounting for 7% of the total land area transacted across these cities. All are proposed for residential development

5)MMR saw the highest number of transactions cumulatively accounting for just 199 acres, earmarked for residential and logistics developments

6)Chennai saw 7 deals for 92+ acres for a mixed-use development including residential, BPO and an industrial park

7)Ahmedabad closed 3 deals for approx. 9.6 acres

8)Kolkata closed 1 land deal for approx. 5.6 acres