Mumbai Metropolitan Region Leads with 607 Acres of Land Deals in 2024
In 2024, the Mumbai Metropolitan Region (MMR) recorded 30 land deals, accounting for 607 acres out of a total of 133 land deals across India.
Mumbai Metropolitan RegionReal EstateLand DealsAnarockResidential DevelopmentReal EstateJan 19, 2025
This impressive figure comes from a total of 133 land deals measuring 2,515 acres across the country, as reported by ANAROCK, a leading real estate consultancy firm.
To put this into perspective, MMR's share of land deals and acreage was the highest among all regions in India.
The data further reveals that Delhi NCR followed with 38 deals accounting for 417 acres, while Bengaluru saw 26 deals for 307 acres.
Among the prominent land deals in Mumbai, Adani Realty secured 24 acres with a revenue potential of over ₹8,000 crore.
Century Real Estate, part of the Aditya Birla Group, acquired 10 acres with a potential worth over ₹11,000 crore.
Mahindra Lifespace also played a significant role, acquiring 37 acres of land for a joint development project.
The tier 2 and tier 3 cities also showed robust activity.
Surat, for instance, transacted 300 acres of land in a single deal, making it the largest land deal in these categories.
Nagpur followed with a 100-acre deal.
Other notable tier-2 cities like Ahmedabad saw multiple deals, totaling over 44 acres.
In 2023, the real estate market was equally dynamic, with 97 land deals covering 2,707 acres.
Combining the data from 2023 and 2024, a total of 230 deals for over 5,222 acres were recorded.
Anuj Puri, Chairman of ANAROCK Group, highlighted the strong momentum in the residential sales market, which accounted for 77% of the total land area acquired in 2024.
He attributed this growth to financially strong developers and a robust demand from homebuyers.
The real estate market in MMR continues to attract significant investment, driven by a combination of strategic urban planning and increasing demand for residential and commercial spaces.
This trend is expected to continue in the coming years, further solidifying MMR's position as a key player in the Indian real estate market.
ANAROCK is a leading real estate consultancy firm in India, providing comprehensive services across the real estate spectrum.
With a deep understanding of the market and a strong client base, ANAROCK offers strategic insights and solutions to developers, investors, and homebuyers.
Frequently Asked Questions
How many land deals were recorded in the Mumbai Metropolitan Region in 2024?
The Mumbai Metropolitan Region recorded 30 land deals in 2024.
What is the total area of land transacted in MMR in 2024?
The total area of land transacted in the Mumbai Metropolitan Region in 2024 was 607 acres.
Which company acquired the most valuable land in Mumbai in 2024?
Century Real Estate, part of the Aditya Birla Group, acquired 10 acres with a potential value of over ₹11,000 crore in 2024.
How many total land deals were recorded in India in 2024?
A total of 133 land deals were recorded in India in 2024.
What factors contributed to the surge in land deals in the Indian real estate market?
The surge in land deals in the Indian real estate market was attributed to financially strong developers and a robust demand from homebuyers, according to ANAROCK.
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