India Sees 65% Spike in Land Deal Volumes: CBRE Reports

India's land deal market surged by 65% in the first nine months of 2024, with six major cities driving the growth. Residential assets dominated, comprising 61% of deals. The shift reflects growing investor confidence in India's real estate, with both established and emerging asset classes expanding.

India's real estate market witnessed a remarkable surge in land deals, reporting a 65% year-on-year increase during the January to September period of 2024. According to a CBRE report, about 1,700 acres changed hands in more than 100 transactions, focusing on six major cities: Delhi-NCR, Mumbai, Chennai, Hyderabad, Bengaluru, and Pune.

Leading the activity was Delhi-NCR, capturing 32% of the total volume, with Gurgaon contributing significantly. The region saw a 65% growth in deals from the previous year. Other cities like Bengaluru, Mumbai, and Chennai also saw considerable activity, accounting for about 75% of the total volume. Residential properties dominated with 61% share.

There was also noted growth in segments like Industrial & Logistics, data centers, and office spaces, which are becoming attractive to investors. CBRE executives highlighted the increased investor confidence in India's real estate, emphasizing the country's strong potential for long-term investments and growth in both established and emerging sectors.

(With inputs from agencies.)