In the real estate sector in the country, a sharp increase in land deals has been recorded in January-September this year. More than 100 deals involving a total of 1,700 acres of land took place between these months. According to a report by real estate consultant CBRE, around 60 land deals were signed in the same period of the 2023 calendar year, with a total area of around 1,200 acres. According to CBRE, the volume of land deals in India increased by 65 percent year-on-year to about 1,700 acres in January-September 2024, PTI reported.
Dominance of six major cities
According to the news, land deals were dominated by six major Indian cities Delhi-National Capital Region, Mumbai, Chennai, Hyderabad, Bengaluru, Pune. Anshuman Magazine, chairman and chief executive officer (CEO) of CBRE India, South-East Asia, West Asia and Africa, said the increased land deal activity across asset categories reflects strong investor sentiment and the emerging dynamism of the Indian real estate market. Reflects.
strong investor confidence
The magazine said that as we see strong growth in established sectors including residential and office and emerging categories like data centres, it shows that investors are becoming increasingly confident about the long-term potential of India’s real estate sector. The magazine said this optimism positions India as a strategic market for real estate investment. Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India, said the significant growth in land deals this year reflects the strong confidence of domestic and international investors in India’s real estate potential.
Kumar said strong demand and favorable economic conditions across various markets have created a favorable environment for growth. We expect this momentum to continue, driven by strategic investments that highlight market stability and long-term growth opportunities.
