Indian Real Estate Sees Surge in Land Deals: Bengaluru Tops the List
India witnessed a significant rise in land deals in H1 2024, with Bengaluru leading the pack. Get the latest insights on the Indian real estate sector.
Real EstateLand DealsIndiaBengaluruAnarock GroupReal EstateJul 21, 2024
In the second quarter of 2024, Bengaluru emerged as the frontrunner, with nine new land deals for 114 acres. All of these deals are proposed for residential developments, highlighting the growing demand for housing in the city. Gurugram followed closely, with seven deals for 77.5 acres, primarily for residential development and agriculture.
According to Dr. Prashant Thakur, Regional Director and Head-Research & Advisory at Anarock Group, the demand for land in Bengaluru has been soaring in recent years.
Frequently Asked Questions
How many land deals were closed in H1 2024 in India?
54 land deals for over 1,045 acres were closed in H1 2024 in India.
Which city led the list of land deals in Q2 2024?
Bengaluru led the list, with nine new land deals for 114 acres.
What is driving the demand for land in Bengaluru?
The demand for land in Bengaluru is driven by the ability of developers to sell units in new projects very quickly post-launch.
How many land deals were closed in Mumbai in Q2 2024?
Mumbai saw only two land deals closed in Q2 2024, one for industrial purposes and the other for retail development.
What are the emerging trends in the Indian real estate sector?
The Indian real estate sector is witnessing emerging trends such as mixed-use development, data centres, logistics parks, industrial, and retail projects.
Related News Articles
Indian Real Estate Sees Surge in Land Deals: Bengaluru Tops the List
India witnessed a significant rise in land deals in H1 2024, with Bengaluru leading the pack. Get the latest insights on the Indian real estate sector.
Reactions from Pune: Mixed Opinions on Budget 2024
Punekars from various fields share their opinions on the Union Budget 2024, praising and criticizing it for its impact on real estate, education, and Maharashtra.
Missing Realty Agent Case in Navi Mumbai Takes a Dark Turn
Raigad police found the body of Sumit Jain, one of two missing Nerul real estate agents, in Pen taluka, sparking a massive investigation.
Mumbai Residential Market Set to Surpass ₹2 Lakh Crore in Sales by 2030
Mumbai continues to attract substantial real estate investments, with residential sales value expected to breach ₹1.35 lakh crore in 2024.
Mumbai Sees Spike in Property Registrations During Diwali Month
Real estate consultant Anarock reports a significant increase in property registrations in Mumbai during October, driven by the auspicious Dussehra and Diwali festivals.
SuperHumanRace and CREDAI Maharashtra Collaborate to Launch Regional Emissions Reduction Initiative
SuperHumanRace, a leading environmental advocacy group, and CREDAI Maharashtra, the apex body of real estate developers in the state, have joined forces to launch a regional emissions reduction initiative. The launch event, held in Mahabalipuram on Januar