According to Anarock data, 29 land deals spanning 314 acres were closed in Delhi-NCR in FY 2024, compared to 23 land deals covering approximately 273.9 acres in FY 2023.

Among the top cities, NCR had 29 land deals for more than 313 acres, followed by MMR with 19 deals for more than 157 acres. 

In Delhi, a 5-acre residential development deal was completed. In Gurugram, 22 transactions totaling 208.22 acres were closed. These included one deal for educational, residential, and retail purposes, with the remaining 20 deals solely for residential development. In Faridabad, a 150-acre residential land deal was finalized. 

A residential development deal for 8.9 acres in Greater Noida has been secured.  A 62.5-acre township project in Ghaziabad has been signed off on. Noida closed three other deals totaling 13.96 acres for residential and commercial developments.

“About 26 separate land deals, totaling approximately 298 acres, were proposed for residential and township projects to meet the region’s growing demand for housing and urban development, “said Santhosh Kumar, Vice Chairman of the Anarock Group. 

“At least two land transactions involving more than 7 acres each were intended solely for commercial real estate projects.  A separate transaction involving about 8. 61 acres was dedicated to an educational project,” he explained.  

According to data shared by Anarock, real estate developers and entities dealt with approximately 101 separate land transactions in fiscal year 2023-24, totaling nearly 2,989 acres across the country. 

In FY-24, over 83 land deals totaling over 1,135 acres were completed in the top seven cities alone, with the remaining 18 deals totaling 1,853 acres closing in tier 2 and 3 cities as Ahmedabad, Ayodhya, Jaipur, Nagpur, Mysuru, Ludhiana, and Surat.