- In distinction, FY-22 noticed 44 land offers for approx.1,649 acres closed
- FY-23 noticed over 76 land offers for approx. 1,059 acres closed in prime 7 cities: the remaining 11 offers for approx. 803 acres have been in Tier 2 & 3 cities together with Ahmedabad, Kurukshetra, Lucknow, Nagpur, Panchkula, Panipat, Raigad & Surat
- MMR topped the checklist with 25 offers for 267 acres, adopted by NCR with 23 offers for approx. 274 acres
- Of the entire land offers in FY-23, approx. 57 separate transactions for approx. 951 acres are proposed for residential or plotted growth
- Not less than 11 land offers for approx. 46.5 acres are deliberate for industrial and retail developments
- Approx. 714 acres in 8 separate offers earmarked for mixed-use & township developments; approx. 83 acres in 3 separate offers tagged for knowledge centres & approx. 13 acres for warehousing & industrial developments
Mumbai, 8 Could 2023: Indian actual property builders’ post-Covid concentrate on land acquisition reveals no indicators of slowing down, with prime land parcels being focused throughout India for varied forms of developments.
ANAROCK knowledge signifies that in fiscal yr 2022-23, approx. 87 separate land offers have been sealed cumulatively accounting for over 1,862 acres. In distinction, the earlier FY-2021-22 noticed 44 land offers accounting for approx. 1,649 acres closed throughout varied cities.
Of all offers closed in FY-23, no less than 76 accounting for approx. 1,059 acres have been within the prime 7 cities, and the remaining 11 offers accounting for approx. 803 acres happened in Tier 2 and three cities together with Ahmedabad, Kurukshetra, Lucknow, Nagpur, Panchkula, Panipat, Raigad and Surat.
Among the many prime 7 cities, MMR noticed essentially the most with 25 land offers accounting for over 267 acres, adopted by NCR with 23 land offers of approx. 274 acres. When it comes to whole land space transacted within the prime 7 cities, Chennai topped out with approx. 292 acres altering palms in 9 separate offers.
“With land changing into scarcer amid the unfettered actual property growth growth, main gamers are pulling out all of the stops to safe the perfect land parcels in key areas,” says Anuj Puri, Chairman – ANAROCK Group. “Within the final monetary yr, the variety of land offers has risen considerably – from 44 in FY22 to 87 in FY23. Nonetheless, by way of space, the rise was simply 13% – implying that a number of smaller plots have been closed in FY23.”
“With residential gross sales within the prime 7 cities scaling an all-time excessive within the final monetary yr (approx. 3.8 lakh models), massive and listed builders have been cashing in on the unrelenting housing growth. With land being the important thing enter commodity for actual property growth, these gamers have been making strategic land investments throughout distinguished micro-markets and fairly just a few smaller offers happened within the final monetary yr.”
Proposed Developments
- Of the entire land offers in FY-23, approx. 57 separate offers for over 951 acres have been proposed for residential or plotted developments
- MMR noticed the best variety of land transactions with 19 acquisitions proposed for residential or plotted developments accounting for approx. 193 acres, adopted by NCR with 9 offers for approx. 192 acres, and Chennai with 7 separate land offers for approx. 194 acres
- When it comes to industrial and retail-related land offers, we noticed 11 separate transactions for approx. 46.5 acres. Of those, 9 offers accounting for approx. 38 acres have been closed in NCR; Ahmedabad and Surat noticed one land deal every
- Not less than 714 acres acquired in 8 separate land offers have been earmarked for mixed-use and township developments in cities together with NCR, Bengaluru, Chennai, Panchkula and Panipat
- Approx. 83 acres in 3 separate offers have been closed for knowledge centres in cities like MMR and Pune
- Not less than 2 offers for over 13 acres have been closed for warehousing & industrial developments in MMR and NCR
- BPO and hospitality, and yet-to-be-disclosed sectors, noticed 6 offers for approx. 54.5 acres closed in cities like MMR, Hyderabad, and Chennai
The highest builders who purchased land parcels for varied developments in FY-23 embrace Godrej Properties, Birla Estates, Gaurs Group, Sobha Ltd., Oberoi Realty, Ajmera Realty, Mahindra LifeSpaces, M3M Group, and Gera Builders, amongst others.
Prime Land Offers Throughout Cities FY-23
| Deal in Quarter | Landowner | Purchaser | Metropolis | Approx. Measurement (in Acres) | Proposed Improvement |
| Q1 FY-23 | Nameless | Godrej Properties | Nagpur | 58 | Residential |
| Q1 FY-23 | Nameless | JMS Buildtech | NCR | 51 | Residential |
| Q2 FY-23 | Ireo Group | Oberoi Realty | NCR | 50 | Residential |
| Q2 FY-23 | Nameless | Birla Estates | Bengaluru | 10 | Residential |
| Q2 FY-23 | GOCL Company | Squarespace Infra Metropolis | Hyderabad | 12.25 | But-To-Be-Proposed |
| Q3 FY-23 | FinolexIndustries | Microsoft | Pune | 25 | Information Centre |
| Q3 FY-23 | HDFC, Axis,Indusindbank & Haryana Govt. | TridendRealty | Panchkula | 200 | Combined use township |
| Q3 FY-23 | Nameless | Migsun Group | Lucknow | 26 | Residential & Retail |
| Q3 FY-23 | Atmosphere Group | County Group | NCR | 28 | Residential |
| Q3 FY-23 | Nameless | Puravankara& Purva Actual Property Fund | Chennai | 100 | Plotted Improvement |
| This autumn FY-23 | Nameless | Urbanrise (An Alliance Group firm) | Chennai | 96.5 | Township Mission |
| This autumn FY-23 | Bai Kabibai& Hansraj Morarji Charity Belief | Arogya Bharati Hospitals | Mumbai | 23 | Residential |
| This autumn FY-23 | Nameless | Godrej Properties | Bengaluru | 28 | Combined-use |
Supply: ANAROCK Analysis
