Growing demand for land: Real estate market sees increased activity
Real Estate

Growing demand for land: Real estate market sees increased activity

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.

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.

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?