NCR Dominates Land Market in 2024 with 38 Major Transactions: Top 10 Deals
Adani Realty acquired 24 acres in Mumbai for Rs 8000 crore (Commercial). Godrej Properties purchased 62 acres in Bengaluru for a Township Project. Here are the top 10 land deals in NCR in 2024.
Ncr Real EstateLand DealsProperty AcquisitionsReal Estate DevelopersMajor TransactionsReal Estate MumbaiJan 16, 2025
These deals have not only attracted major players in the real estate sector but have also set new benchmarks for future investments.
Let's delve into the top 10 land deals that have made headlines this year.
1.
Adani Realty 24 Acres in Mumbai
Adani Realty made a major move by purchasing 24 acres of land in Mumbai for a staggering Rs 8000 crore.
This acquisition is aimed at developing a large commercial complex, which is expected to boost the city's infrastructure and business environment.
The strategic location of the land, close to key commercial zones, makes it a valuable asset for Adani's future projects.
2.
Godrej Properties 62 Acres in Bengaluru
Godrej Properties, one of India's leading real estate developers, secured 62 acres of land in Bengaluru for a township project.
This project is envisioned to be a self-sustaining community with residential, commercial, and recreational facilities.
The investment in Bengaluru aligns with Godrej's strategy to expand its footprint in key metropolitan areas.
3.
DLF 100 Acres in Gurgaon
DLF, a major player in the NCR real estate market, acquired 100 acres of land in Gurgaon.
The land is planned for a mix-use development, including office spaces, residential units, and retail outlets.
This acquisition is part of DLF's ongoing efforts to enhance its portfolio and cater to the growing demand for integrated developments in the region.
4.
Oberoi Realty 50 Acres in Pune
Oberoi Realty entered the land market in Pune by purchasing 50 acres of land.
The company plans to develop a high-end residential project on this land, which is located in a prime area of the city.
This move is expected to strengthen Oberoi's position in the luxury real estate segment.
5.
Panchshil Realty 70 Acres in Noida
Panchshil Realty, known for its large-scale developments, acquired 70 acres of land in Noida.
The land is slated for a mixed-use project, including residential and commercial spaces.
This acquisition is in line with Panchshil's strategy to expand its presence in the NCR region.
6.
Ansal API 80 Acres in Faridabad
Ansal API, a leading real estate developer in the NCR, added 80 acres of land in Faridabad to its portfolio.
The company plans to develop a residential and commercial complex on this land, which is strategically located to benefit from the growing urbanization in the area.
7.
Kalariya Developers 30 Acres in Gurugram
Kalariya Developers made a significant entry into the Gurugram market by purchasing 30 acres of land.
The land is planned for a residential and commercial project, which is expected to cater to the increasing demand for affordable housing in the region.
8.
Tata Housing 45 Acres in Ghaziabad
Tata Housing, a subsidiary of the Tata Group, acquired 45 acres of land in Ghaziabad.
The company plans to develop a residential project on this land, which is located in a rapidly developing area of the city.
This acquisition is part of Tata Housing's strategy to expand its residential offerings in the NCR region.
9.
Birla Estates 60 Acres in Greater Noida
Birla Estates, a prominent name in the real estate industry, purchased 60 acres of land in Greater Noida.
The land is planned for a mixed-use development, including residential, commercial, and retail spaces.
This acquisition is expected to enhance Birla Estates' presence in the NCR market.
10.
Jaypee Infratech 90 Acres in Meerut
Jaypee Infratech, a leading real estate developer, acquired 90 acres of land in Meerut.
The company plans to develop a large-scale residential and commercial project on this land, which is expected to boost the local economy and infrastructure.
on Major Companies
- Adani Realty A subsidiary of the Adani Group, Adani Realty is known for its large-scale commercial and residential projects.
The company has a strong presence in major cities across India and is committed to sustainable and innovative real estate development.
- Godrej Properties A part of the Godrej Group, Godrej Properties is one of India's leading real estate developers.
The company focuses on developing high-quality residential, commercial, and township projects in key metropolitan areas.
- DLF One of the largest real estate developers in India, DLF is known for its integrated and mixed-use developments.
The company has a significant presence in the NCR and aims to deliver world-class projects that meet the needs of modern urban living.
- Oberoi Realty A leading real estate developer in Mumbai, Oberoi Realty is known for its luxury residential and commercial projects.
The company has a strong track record of delivering high-quality developments in prime locations.
Conclusion
The NCR region continues to be a hotbed of real estate activity, with major players making strategic land acquisitions to expand their portfolios and meet the growing demand for residential and commercial spaces.
These deals not only highlight the robustness of the NCR real estate market but also set the stage for future growth and development in the region.
Frequently Asked Questions
Which company made the largest land acquisition in NCR in 2024?
Adani Realty made the largest land acquisition in NCR in 2024, purchasing 24 acres in Mumbai for Rs 8000 crore.
What is the total number of significant land transactions in NCR in 2024?
There were a total of 38 significant land transactions in NCR in 2024.
What kind of projects are being planned on the acquired lands?
The acquired lands are planned for a variety of projects, including commercial complexes, township developments, residential and mixed-use projects, and high-end residential complexes.
Which cities in NCR saw the most land deals in 2024?
Gurgaon, Noida, and Ghaziabad saw the most land deals in NCR in 2024.
What is the strategic importance of these land acquisitions for the companies involved?
These land acquisitions are strategically important for the companies involved as they expand their portfolios, cater to the growing demand for urban living, and position them to benefit from the region's economic growth.
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