28 deals for 1,237+ acres closed in 2022 till Date:ANAROCK
- May 26, 2022, 02.00 PM
- DealMoney News Service
ANAROCK Research reveals that between January 2022 till date, various entities sealed at least 28 separate land deals cumulatively accounting for over 1,237 acres across the country. Of the total transacted land, at least 18 deals accounting for 351 acres are earmarked for multiple residential projects across cities.
At least 3 deals for over 115 acres are proposed for data centres, while two deals for over 63 acres are for logistics and warehousing projects. At least 4 deals for over 108 acres are for mixed-used developments. A single, currently anonymous land deal for 600 acres has taken place in Hyderabad.
The data showed that Hyderabad remained highly buoyant in the period, with the most land transactions - 5 separate deals for 715 acres, while Bengaluru saw 3 separate deals for a total of 140 acres earmarked for residential, mixed-use, and logistics developments.
NCR also sealed 5 separate deals accounting for 9% of the total land deals in this period with approximately. 106.3 acres and Pune saw 5 separate deals for over 91.1 acres of land.
Land-starved MMR saw 5 deals involving 54.85 acres, all earmarked for residential developments, while Chennai saw 1 deal for 5.5 acres where a mixed-use development has been proposed.
Tier 2 & 3 cities with major land deals included Ahmedabad (2 deals for over 6 acres), Nagpur (1 deal for over 58 acres), and Sonipat (1 deal for over 50 acres).
Anuj Puri, Chairman - ANAROCK Group, says, "The leading developers and entities who bought land parcels for residential developments include Godrej Properties, Oberoi Realty, Mahindra LifeSpaces, Gaurs Group, Birla Estates, Hetero Group, Microsoft, and Mapletree Logistics, among others."