2,900 Acres Transacted in H1 2025, 1.15x of Entire 2024 Volume

Mumbai, July 8, 2025: The real estate market’s unprecedented post-pandemic growth across sectors has seen large and listed developers, as well as other entities, hectically snapping up land for various developments. Besides residential real estate, commercial, retail, industrial and logistics and warehousing are also driving prime land deals in key locations.
 
The land buying spree continued unabated in the first half of 2025, breaking all previous records and defying the overall sombre sentiment brought on by ongoing geopolitical tensions in other industries.
 
Over 2,898 acres of land were transacted in 76 deals across in H1 2025, finds the latest ANAROCK report titled ‘Land as Capital: Decoding India’s Land Transaction Patterns and Investment Flows’.

The total volume of land transacted so far in 2025 is already 1.15 times the deal volume seen in the whole of 2024, which saw about 133 deals for 2,515 acres concluded. The total value of the land transacted in H1 2025 was INR 30,885 crore with a revenue potential of approx. INR 1.47 lakh crore and a total development potential of over 233 mn sq ft (MSF).

The report further highlights that of the total land deals closed in H1 2025, over 67 for around 991 acres took place in the top seven cities alone. The remaining nine deals for 1,907-plus acres were in Tier 2 and 3 cities like Ahmedabad, Amritsar, Coimbatore, Indore, Mysuru and Panipat.

Source: ANAROCK Research & Advisory

Among the top seven cities, land-scarce MMR saw the most action with 24 land deals for 433-plus acres, followed by Bengaluru with 15 land deals for around 82 acres and Pune with 13 deals for over 214 acres.

Of the total land deals in H1 2025:

• At least, 54 separate deals for over 1,200 acres are proposed for residential developments—apartments, villas, plotted development and township projects
• At least, eight deals for about 48.41 acres are proposed for commercial projects and six deals for around 1,034 acres are proposed for mixed-use development
• Over 537 acres in three separate deals proposed for industrial and logistics parks
• One deal each for data centres and semiconductor equipment manufacturing with around 2.39 acres and 25 acres, respectively.

“The post-pandemic years from 2021 onwards have seen a relentless spate of land deals. Between 2021 and H1 2025, over 11,858 acres have been transacted in 423 deals across the country for various developments,” said Mayank Saksena, MD & CEO, Land services, ANAROCK Group.

“The scale and sophistication of these deals, which account for a combined development potential of 841 MSF, underscore the real estate market’s maturation and the strategic importance of land as a cornerstone resource.”
 
The emergence of tier 2 and 3 cities as significant contributors to the national land transaction ecosystem is also noteworthy, he added. “These markets, once considered peripheral to mainstream real estate activity, now represent an inalienable component of the real estate growth horizon—challenging the historical metro-centric model and inducing a healthier geographic distribution of economic opportunity.”

Source: ANAROCK Research & Advisory

The top developers who bought land parcels for various developments in H1 2025 included Godrej Properties, Puravankara Limited, Signature Global, M3M Group, Brigade Group, Macrotech Developers (Lodha), Prestige Group, Kolte Patil Developers, Mahindra Lifespaces and Adani Realty, among others.

Source: ANAROCK Research

Other Major Report Highlights

• Between 2021 and 2024, NCR witnessed the highest number of land deals (92) as well as the largest value of land transactions at INR 26,100 crore
• MMR saw the highest-valued land transaction of INR 5,200 crore in 2023 and the largest size of land transactions with 1,745 acres
• Hyderabad saw one largest land transactions of 600 acres in this period
• The Rise of JDAs: The increasing prevalence of Joint Development Agreements (JDAs) with a remarkable 150 per cent YoY growth in 2024 reflects the industry’s strategic evolution towards collaborative risk management and capital optimisation. The report highlights this trend, which, combined with infrastructure-driven development patterns along economic corridors, suggests an increasingly sophisticated and interconnected approach to real estate development.