+
Developers prioritise acquiring land in Mumbai and Delhi-NCR
Real Estate

Developers prioritise acquiring land in Mumbai and Delhi-NCR

According to an analysis by the real estate consulting firm CBRE, developers and foreign funds concentrated on Delhi-NCR and Mumbai to invest in land acquisition between 2018 and 2022, using more than 60% of the funds in these two cities.

In 67 agreements, Delhi-NCR attracted $3.8 billion to buy 1760 acres of land, while Mumbai saw 73 deals to buy 960 acres for the same amount.

Other notable cities that received 9% and 7% of the overall investments made in land acquisitions were Bangalore and Hyderabad.

Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, stated that 2022 was a watershed year for land activity and that it is representative of the long-term wagers that investors are ready to make on the RE industry in India.

During the years 2018 to 22, more than 6,800 acres of land were purchased. In the last two years, there has been a noticeable increase in activity, with approximately 60% of the property being purchased starting in January 2021.

CBRE claims that the residential market has grown the fastest, accounting for more than 37% of the land bought since 2018.

Developers have stepped up their game further by purchasing over 900 acres for residential projects, accounting for 43% of all land purchases recorded in 2022. I&L was another well-known industry that had increased activity, especially in the pandemic years (2020 and 2021). About one-fourth of the land acquisitions made between 2018 and 22 were in this sector.The research states that $ 43.3 billion was invested overall in the RE industry between 2018 and 2022. Over this time, $ 31.8 billion was invested in equity, while $ 11.5 billion was invested in debt. Over $ 18 billion in equity was deployed by foreign investors mostly based in North America and Singapore, accounting for 58% of all equity investments in real estate in 2016.

Also read:
Centre to discuss ways to redress consumer grievances in real estate
Mayiladuthurai proposes 'Special-grade municipality' upgradation


According to an analysis by the real estate consulting firm CBRE, developers and foreign funds concentrated on Delhi-NCR and Mumbai to invest in land acquisition between 2018 and 2022, using more than 60% of the funds in these two cities. In 67 agreements, Delhi-NCR attracted $3.8 billion to buy 1760 acres of land, while Mumbai saw 73 deals to buy 960 acres for the same amount. Other notable cities that received 9% and 7% of the overall investments made in land acquisitions were Bangalore and Hyderabad. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, stated that 2022 was a watershed year for land activity and that it is representative of the long-term wagers that investors are ready to make on the RE industry in India. During the years 2018 to 22, more than 6,800 acres of land were purchased. In the last two years, there has been a noticeable increase in activity, with approximately 60% of the property being purchased starting in January 2021. CBRE claims that the residential market has grown the fastest, accounting for more than 37% of the land bought since 2018. Developers have stepped up their game further by purchasing over 900 acres for residential projects, accounting for 43% of all land purchases recorded in 2022. I&L was another well-known industry that had increased activity, especially in the pandemic years (2020 and 2021). About one-fourth of the land acquisitions made between 2018 and 22 were in this sector.The research states that $ 43.3 billion was invested overall in the RE industry between 2018 and 2022. Over this time, $ 31.8 billion was invested in equity, while $ 11.5 billion was invested in debt. Over $ 18 billion in equity was deployed by foreign investors mostly based in North America and Singapore, accounting for 58% of all equity investments in real estate in 2016. Also read: Centre to discuss ways to redress consumer grievances in real estateMayiladuthurai proposes 'Special-grade municipality' upgradation

Next Story
Infrastructure Urban

Budget Proposal Aims to Boost Investments

The recent budget proposal has introduced measures designed to promote investments and generate job opportunities across various industries, as reported by the Economic Times. This initiative seeks to stimulate economic activity and strengthen the country's growth trajectory by encouraging both domestic and foreign investments. Key aspects of the proposal include targeted incentives for sectors poised for expansion, such as renewable energy, infrastructure, and technology. The government aims to create a more favorable investment climate by offering tax benefits, subsidies, and streamlined reg..

Next Story
Infrastructure Urban

Indian Financial System Resilient Amidst Challenges

The Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has emphasized the robust nature of the Indian financial system despite global economic headwinds, according to Economic Times. Rao?s comments reflect confidence in the stability and resilience of India's financial sector amidst a backdrop of international economic uncertainties and financial volatility. Rao highlighted that India?s financial system is well-equipped to handle external shocks due to its solid regulatory framework and prudent risk management practices. The country?s banking sector has demonstrated resilience throug..

Next Story
Infrastructure Energy

SC Allows State Tax on Mines, Minerals

Opposition leaders have welcomed the Supreme Court's recent decision permitting states to levy taxes on mines and mineral-bearing lands, as reported. The ruling is seen as a significant victory for state governments seeking greater control and revenue from natural resource extraction within their jurisdictions. The Supreme Court?s decision empowers states to impose taxes on mining operations and mineral-rich lands, which could enhance their revenue streams and enable better management of local resources. This move is particularly important for states with substantial mineral resources, as it a..

Talk to us?