Land Deal Volume in India Surges by 47% YoY, Delhi-NCR Leads

New Delhi, January 13, 2025: Land deal volume in India surged by approximately 47 per cent year on year (YoY), reaching more than 2,000 acres across top eight cities in the calendar year 2024, according to ‘Market Monitor Q4 2025 – Investments’, a report by real estate consulting firm CBRE South Asia Pvt. Ltd.

According to the report, During CY 2024, nearly 135 land deals were closed compared to about 90 in CY 2023, primarily concentrated in major metropolitan areas such as Delhi-NCR, Bengaluru, Mumbai, Chennai, and Pune.

Delhi-NCR emerged as the frontrunner, recording approximately 40 land deals, with Gurugram accounting for a significant share (>60 per cent), followed by Noida/Greater Noida (approximately 25 per cent). This surge underscores the region’s attractiveness for residential and warehousing developments. Bengaluru recorded nearly 30 land transactions, followed by Mumbai and Chennai, which contributed approximately 25 and 15, respectively. This uptick in activity across regions can be attributed to growing demand for residential projects, strong economic performance, and supportive policy measures.

Assetwise Land Deals

Deals in residential assets contributed more than 60 per cent of the total volume (roughly 1,190 acres) and recorded an approximate 70 per cent increase compared to 2023. Data centers contributed about 10 per cent transaction volume share (about 200 acres), reflecting strong investor interest. Industrial and Logistics assets accounted for over 5 per cent of land deal volume (about 580 acres), demonstrating consistent growth due to rising demand for warehousing and manufacturing spaces.

Other segments, such as mixed-use, hospitals, etc., accounted for approximately 15 per cent of the total volume, showcasing diversification in asset preferences. Both the retail and office segments each contributed about 5 per cent 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, added, “The investor interest across traditional and emerging segments like data centers 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.”

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