Developers prioritise acquiring land in Mumbai and Delhi-NCR

19 Apr 2023 CW Team

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