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
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