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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..