Delhi NCR Takes the Lead in Land Deals, Bengaluru and Mumbai Follow
In the past 18 months, Delhi NCR has emerged as the favorite region for real estate developers, with 20 joint development agreements signed, covering approximately 233 acres of land.
Real EstateJoint Development AgreementsDelhi NcrBengaluruMumbaiGujaratJllCredai NationalReal Estate NewsJun 27, 2024
Delhi NCR has emerged as the clear winner, with 20 JDAs signed, covering approximately 233 acres of land. The region has seen a significant portion of these deals, with 151 acres signed in Gurugram alone. The remaining deals in NCR were in the NCT of Delhi, Ghaziabad, Faridabad, and Sonipat.
Bengaluru stood second, with 9 deals for over 102 acres, with a development potential of approximately 11 million sq. ft. Multiple deals were recorded in Yelahanka, Whitefield, and Old Madras Road, including a significant transaction in North Bengaluru covering over 60 acres. Mumbai witnessed 7 transactions across 62.5 acres, with a development potential of 9.9 million sq. ft.
The trend of JDAs is expected to continue, with many national developers now preferring outright land purchases, and JDAs remain a viable option for those aiming to adopt an asset-light strategy while expanding into new regions. This collaborative approach allows both sides to maximize their advantages and create successful development.
Cities in Gujarat led in terms of area, with a share of 66 per cent. Ahmedabad witnessed 3 deals spanning across 720 acres, and Surat saw a single deal of 300 acres. Looking ahead, JDAs are poised to remain an attractive strategy, presenting a win-win solution for all stakeholders involved.
JLL is a leading real estate company that provides comprehensive services to developers, investors, and occupiers. The company has been at the forefront of the Indian real estate market, providing valuable insights and research-based reports.
CREDAI National is a prominent real estate association that represents the interests of real estate developers across the country. The association has been actively promoting the development of the Indian real estate sector through various initiatives and policies.
Frequently Asked Questions
What is the total area of land covered by JDAs in the last 18 months?
1546 acres
Which region has emerged as the favorite for real estate developers in terms of JDAs?
Delhi NCR
How many JDAs were signed in Gurugram alone?
151 acres
What is the development potential of the JDAs signed in the last 18 months?
Over 120 million sq. ft.
Which cities led in terms of area, with a share of 66 per cent?
Cities in Gujarat
Related News Articles
Brigade Enterprises Launches Luxurious Residential Project in Bengaluru, Shares Surge 3%
Real Estate, Realty, Housing, Residential Project, Bengaluru
Office Space Demand Sees a Surge: Net Absorption Rises 14% in Q3 Across Top 7 Cities
Real estate sector witnesses 45% jump in institutional investments, office space demand on the rise
Omaxe Expands Real Estate Portfolio with Strategic Acquisitions Amid Q2 FY25 Losses
Despite facing significant financial losses in the second quarter of FY25, Omaxe continues to strengthen its market presence and diversify its real estate portfolio through strategic acquisitions.
IBLA 2024 Highlights: Chief Minister Fadnavis Crediting Infrastructure and PM’s Message for Maharashtra’s Victory
The elite of India Inc, leaders from various business sectors, and policymakers gathered at the Trident Hotel in Mumbai for the IBLA 2024. Chief Minister Fadnavis highlighted infrastructure development and the Prime Minister's message as key factors behin
Aditya Birla Real Estate Acquires 70.9 Acres in Maharashtra's Boisar for ₹104 Crore
Aditya Birla Real Estate arm has recently acquired 70.9 acres of land in Boisar, Maharashtra, for ₹104 crore. This strategic move is expected to bolster the company's real estate portfolio and enhance its presence in the region.
Amrita Singh and Zaheer Khan Invest in Luxury Real Estate in Mumbai
Bollywood actress Amrita Singh has recently acquired a residential apartment in Juhu, Mumbai, for ₹18 crore, as per property registration documents. Cricket legend Zaheer Khan has also joined the trend, investing in a high-end property in the city.