Property In Delhi NCR leads with 32% share - 100 land deals Took Place In The first 9 months of 2024

With 100 land sales completed in the first nine months of 2024, India's real estate market has been exceptionally active. With a substantial 32% share of these transactions, Property in Delhi- NCR has become the market leader. This pattern highlights the area's ongoing allure for investors, which is fueled by elements including infrastructural growth, urbanization, and advantageous governmental regulations.

The dominance of Delhi NCR in the market may serve as a model for other areas as it develops, emphasizing the need of careful planning and financial support for urban growth. Future developments in Indian real estate are probably going to be influenced by ongoing interest in this field.

According to a research by real estate consultancy firm CBRE, land deal activity in India has increased by 65% year over year to reach almost 1,700 acres across six major cities, with the Delhi-NCR area leading the way.

More than 100 land deals were concluded between January and September of 2024, compared to more than 60 agreements over the same time frame the previous year.  Six big Indian cities Delhi, Property in Noida, Mumbai, Chennai, Hyderabad, Bengaluru, and Pune dominated these transactions.

According to the research, almost 32% of all land sales took place in the Delhi-NCR area, with Gurgaon alone accounting for 65% of all deal volume. With more than 20%, Noida and Greater Noida came next. Other noteworthy cities that contribute to land deals are Chennai (10%), Mumbai (12%), and Bengaluru (22%). When taken as a whole, these four cities account for 75% of all land deal volumes.

According to the research, there was a wide range of land activity, with residential properties and more of New launch Projects in Gurgaon leading the way with 61% of the deal volume, which covers more than 870 acres and represents a 50% increase over the previous year. The Industrial & Logistics (I&L) category, which covered 525 acres and contributed 13% after residential investments, had a 5% increase from January to September 2023.

With almost 140 acres purchased, emerging asset segments including data centers also saw growth, accounting for 6% of the total sale volume. Additionally, the Office category expanded dramatically, accounting for 8% of all deals above 20 acres, compared to just 3% the previous year.

Additionally, the Office category experienced growth, accounting for 8% of all land deals involving more than 20 acres, up from 3% (about 14 acres) the previous year. Compared to the previous year, when retail stood at 3% (about 30 acres) and hospitals at 2% (2%) of the agreements, retail and hospital assets accounted for 2% and 5% of the deals in January through September of 24. Retail covered more than 20 acres, while hospitals covered more than 11 acres. This indicates a diversification in asset preferences.

A strong investor sentiment and the changing dynamics of the Indian real estate market with the New launch Projects in Noida are reflected in the increasing land deal activity across a variety of asset classes. Investor confidence in the long-term prospects of India's real estate market is growing, as seen by the robust expansion in both traditional segments like residential and commercial space as well as newer categories like data centers. India is positioned as a critical market for real estate investments because of this confidence.
 

What Are The Key Highlights?
 

• More than 100 land sales were concluded during this time, compared to more than 60 agreements during the same time previous year.
• Delhi-NCR had the largest land deal share (about 32%) between January and September of 24. Property in Gurgaon had the largest land deal share (65%), followed by Noida/Greater Noida (20%).
• Land activity during the January–September 24 period was distributed across a variety of categories, with residential assets leading the way with 61% of the deal volume, which covered more than 870 acres and represented a 50% increase over the first nine months of 2023.

Conclusion

This pattern demonstrates the area's strong economic expansion, well-planned infrastructural improvements, and rising demand for homes and businesses. Delhi NCR is positioned as a hub for land acquisition and development in India due to factors including continuing urbanization and advantageous government policies that continue to draw investors. Future investment ramifications are substantial as the market changes.

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