Land Deals Surge to Over 2,200 Acres in 2024, Driven by Housing Projects, Says CBRE

The Indian real estate sector witnessed a significant uptick in land deals in 2024, with transactions surpassing 2,200 acres, according to data from real estate consultant CBRE. This marks an increase from the previous year, which saw around 1,900 acres of land traded.

Of the total land deals, approximately 2,000 acres were concentrated in India’s eight major cities—Delhi-NCR, Bengaluru, Mumbai, Chennai, Pune, Hyderabad, Kolkata, and Ahmedabad. The majority of this land, around 1,200 acres, is earmarked for residential development, reflecting the strong demand for housing. An additional 580 acres were designated for industrial and warehousing projects, while 200 acres were allocated for data centres.

Anshuman Magazine, Chairman & CEO of CBRE for India, South-East Asia, the Middle East, and Africa, attributed the growth in land deals to robust investor confidence in India’s real estate market. He noted that the boom in the residential sector is driven by rapid urbanization, supportive government policies, and increasing affordability.