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NCR Saw 29 Land Deals for Nearly 314 Acres Closed in FY-24: ANAROCK Report

New Delhi, April 24, 2024: Delhi-NCR continues to be a hotspot for real estate transactions across various sectors and as in the previous financial year, land deals have been a significant part of real estate development. ANAROCK data finds that in contrast to the 23 land deals covering approximately 273.9 acres in FY-23, FY-24 witnessed 29 land deals for approx. 314 acres.

“About 26 separate land deals, totaling approx. 298 acres, were proposed for residential and township projects to meet the region’s growing demand for housing and urban development,” says Santhosh Kumar, Vice Chairman – ANAROCK Group. “At least two land deals, spanning over 7 acres each, were planned specifically for commercial real estate projects. A separate deal involving approximately 8.61 acres was dedicated to an education-related project.”

City-Specific Deals:

  • Delhi: One deal covering 5 acres was closed for residential development.
  • Gurugram: Millennium City led the way with 22 deals, totaling 208.22 acres. These included one deal each for educational, residential, and retail purposes, while the remaining 20 deals were exclusively for residential development.
  • Faridabad: A 15-acre land deal was finalized for residential purposes.
  • Greater Noida: An 8.9-acre deal was secured for residential development.
  • Ghaziabad: A substantial 62.5-acre deal was signed for a township project.
  • Noida: Noida closed three separate deals, covering a combined area of 13.96 acres, for both residential and commercial developments.
Deal in Quarter, 2000-21BuyerCityLocalityApprox. Size (acres)Proposed Development
Q2-2023Ganga RealtyGurgaonSector 848.35Residential & Retail
Q2-2023Conscient InfrastructureGurgaonSector 806.6Residential
Q3-2023Experion DevelopersGurgaonGolf Course Road4Residential
Q3-2023Experion DevelopersNoidaSector 1455Residential
Q3-2023Experion DevelopersGurgaonSector 485.5Residential
Q3-2023Experion DevelopersGurgaonGolf Course Ext Road4.5Commercial
Q3-2023Godrej PropertiesGurgaonGolf Course Road7.91Residential
Q3-2023Eldeco GroupGurgaonSector-808.5Residential
Q3-2023Godrej PropertiesGurgaonSector-10314.8Residential
Q3-2023Adore GroupGurgaonSector – 7710.2Residential
Q4-2023Eldeco GroupGreater NoidaGreater Noida West8.9Residential
Q4-2023Experion DevelopersGurgaonSector-536Residential
Q4-2023Signature GlobalGurgaonVillage Fazilpur25.75Residential
Q4-2023Adore GroupFaridabadSector -8415Residential
Q4-2023Oberoi RealtyGurgaonSector-5814.8Residential
Q4-2023BPTPGurgaonSector-113, Dwarka Expressway5.24Residential
Q1-2024Gulshan HomzNoidaSector 1292.5Commercial
Q1-2024DLF Homes DevelopersGurgaonGolf Course Ext Road29Residential
Q1-2024Deepinder Goyal (individual)DelhiDera Mandi5Residential
Q1-2024Eldeco GroupGurgaonSector – 802.7Residential
Q1-2024Trehan IRISGurgaonSector-805.08Residential
Q1-2024Conscient InfrastructureGurgaonSector-805.56Residential
Q1-2024Ashiana HousingGurgaonSector-8010.8Residential
Q1-2024TREVOC GROUPGurgaonGolf course Road2Residential
Q1-2024Godrej PropertiesNoidaSector 446.46Residential
Q1-2024Prestige GroupGhaziabadIndirapuram Extension62.5Township Project
Q1-2024Gameskraft Technologies Private LimitedGurgaonBalola village8.61Educational
Q1-2024Signature GlobalGurgaonSPR20.32Residential

Source: ANAROCK Research