Growing demand for land: Real estate market sees increased activity

25 May 2023 CW Team

The residential real estate market's ongoing recovery and rising demand for warehousing and data center spaces have sparked a surge in property developers' interest in acquiring land parcels nationwide. In key property markets like Mumbai, Bengaluru, Delhi-National Capital Region, Pune, Chennai, and Hyderabad, numerous land transactions, including outright acquisitions and joint ventures, have been finalised or are nearing completion.

Data from JLL India reveals that realty developers have secured approximately 2,181 acres of land through 104 separate deals, valued at over ?26,000 crore, between January 2022 and May 2023.

These land banks have an estimated development potential of around 209 million square feet.

In the first five months of 2023 alone, 578 acres, accounting for 27% of the total, were acquired.

Branded developers have demonstrated success in closing land transactions across major metros as well as tier-2 and tier-3 cities. Niranjan Hiranandani, Managing Director of Hiranandani Group, emphasised that the growing momentum in land deals stems from the desire to establish a robust project pipeline that meets the buoyant housing demand. This trend is evident in metros and top cities as real estate players seek geographical diversification in their portfolios.

Hiranandani further noted that increased land deals signify enhanced capital expenditure utilisation, aimed at generating higher sales and revenue in the upcoming quarters. The Mumbai Metropolitan Region (MMR), Delhi-NCR, Chennai, and Bengaluru have taken the lead in terms of total land area transacted, accounting for a 72% share of approximately 1,576 acres. These transactions boast a development potential of around 150 million square feet across 79 land deals.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..