Land deals rise in 2024 to over 2,200 acres, mainly for housing, warehousing projects: CBRE
CBRE data showed that land deals of more than 2,200 acres last year as against about 1,900 acres in the preceding year.
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Out of the total land transactions in 2024, around 2,000 acres were located in the eight major cities — Delhi-NCR, Bengaluru, Mumbai, Chennai, Pune, Hyderabad, Kolkata and Ahmedabad.
Nearly 1,200 acres of land are meant for residential projects, around 580 acres for industrial & warehousing parks and 200 acres for data centres.
Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE, said, «The significant growth in land deals across diverse asset classes highlights strong investor confidence in India's real estate market.»
The residential segment is booming due to rising urbanisation, favourable policies, and increased affordability, he added.
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