Land deals for house developments on rising; 7,714 acre exchanged during Jan'21-Mar'26: Report
By Bricksnwall | 2026-09-10
Land deals for house developments up; 7,714
acre transacted during Jan’21-Mar’26: Cushman.
New Delhi, Sep 9 (PTI) Realty firms have
signed deals for development of more than 7,700 acres of land for housing
projects between January 2021 and March 2026 as they try to grow operations
amid robust demand for homes, according to Cushman & Wakefield.
Real estate consultant Cushman &
Wakefield on Wednesday released a report ‘Building India: Land Markets Define
the Next Development Frontier’, which has said that 18,158 acres were sold over
more than 880 agreements in 33 cities between 2021 and March 2026. The
arrangements range from outright purchases to joint development partnerships.
These sites have been acquired for
development across asset classes including residential, commercial (offices and
malls), logistics & industrial park and data center.
“Residential land transactions continue to be
the anchor of volume, supported by sustained housing demand across major urban
centres,” the report said, adding that 7,714 acres land agreements were made
during the period under review.
The 33 cities where these land deals have
been concluded include Ahmedabad, Amritsar, Bengaluru, Chennai, Coimbatore,
Cuttack, Dahej, Delhi, Faridabad, Ghaziabad, Gurugram, Hyderabad, Indore,
Jaipur, Kochi, Kolkata, Kurukshetra, Lucknow, Ludhiana, Meerut, Mohali, Mumbai,
Mysore, Nagpur, Noida (including Greater Noida), Panchkula, Panipat, Pune,
Rewari, Sonipat, Surat, Vadodara and Visakhapatnam.
Outright purchases constituted 10,910 acres
of the total land deals, the consultancy said, while partnership-led
institutions such as joint ventures (JVs) and joint developments (JDs)
accounted for over 4,405 acres over the same time.
Meanwhile, long-lease and redevelopment
agreements added close to 2,520 acres and 323 acres respectively from 2021 to
Q1 2026.
The next cycle of India’s development is
already being underwritten in the land that is being amassed today – 18,158
acres traded across 33 cities in little over five years with the capacity to
build approximately 1.4 billion sq ft of future built-up stock. “This cycle will
be characterized by three shifts: corridors along with cores, as infrastructure
expands the geography of opportunity beyond established metros; scale over
fragmentation, as larger, contiguous parcels allow integrated destinations; and
partnership over ownership, as shared-risk models combine land, capital and
execution capability,” said Anshul Jain, Chief Executive – India, SEA, MEA
& APAC Office and Retail, Cushman & Wakefield.
“Overall, these changes constitute a
structural upgrade in how India constructs a more institutional, scalable and
distributed model of urban growth. “The land that is being assembled today is
effectively a forward order book for the next decade of growth and it
reinforces our belief that Indian real estate is entering its most durable and
investable phase yet,” added Jain.
Source: Hindustan Times
