Business Standard-100 land deals in first 9 months of 2024, Delhi NCR leads with 32% share
Land deal activity in India has surged 65 percent year-on-year reaching approximately 1,700 acres across six major cities, with the Delhi-NCR region leading the way, as per an analysis by real estate consulting firm CBRE.
During the January-September 2024 period, over 100 land deals were closed, up from over 60 deals during the same period last year. These deals were dominated by six major Indian cities (Delhi-NCR, Mumbai, Chennai, Hyderabad, Bengaluru, Pune).
The report revealed that the Delhi-NCR region accounted for around 32% of all land deals, with Gurgaon alone making up 65% of the total deal volume. Noida and Greater Noida followed with over 20%. Other notable cities contributing to land deals include Bengaluru at 22%, Mumbai at 12%, and Chennai at 10%. Together, these four cities represent a combined share of 75% of the overall land deal volumes.
