Delhi-NCR Land Deals

Delhi-NCR Land Deals Up in FY24: Gurgaon Tops List

Even with its rising rates, Delhi-NCR land deals remains an attractive location for real estate investments. Land transactions play a crucial part in driving development across various sectors; recent data demonstrates this growth to 29 land transactions within FY24 alone!

According to a report released by ANAROCK, an established real estate consulting firm, these transactions cover 314 acres compared with 23 transactions that covered 273.9 acres during FY23.

Township and residential developments dominated the land acquisitions, accounting for an estimated 298 acres in 26 transactions according to the report.

Gurgaon haryana was identified in the report as being at the forefront of large land deals, drawing developers such as DLF Homes (29 acres) and Signature Global (25.75 acres) for residential developments on an expansive scale.

Gurgaon hayana saw the highest concentration of deals (22) while Noida and Greater Noida each secured five deals, followed by Delhi and Faridabad which each secured one deal according to the report.

Two land parcels covering a combined seven-acres were set aside for commercial real estate developments, while 8.61 acres was purchased specifically for use in school-related projects.

According to the report, the top 10 deals based on land acquisition included Prestige Group: Ghaziabad (62.5 acres); DLF Homes Developers: Gurgaon hayana (resideral 29 acres); Signature Global: Gurgaon (residential, 25.75 acres); Godrej Properties: Gurgaon (14.8 acres); Oberoi Realty: Gurgaon (14.8 acres); Adore Group Faridabad (15 acres) * Eldeco Group Q3-2023 Gurgaon (8.85 acres); Eldeco Group Q4-2023 Greater Noida (8.9 acres) * Multiple Deals Year Round (8 to 8.35 acres) * Eldeco Group Q4-2023 Greater Noida (8.9 acres).

One of the major deals involved Zomato CEO Deepinder Goyal acquiring land within Delhi’s Dera Mandi village totalling 5 acres by purchasing two 2.5 acre plots at once and paying Rs. 79 crore as transaction fees.