NCR saw 29 land deals for approx. 314 acres closed in FY-24

NCR saw 29 land deals for approx. 314 acres closed in FY-24

Delhi-NCR continues to be a hotspot for real estate transactions across various sectors and as in the previous financial year, land deals have been a significant part of real estate development. ANAROCK data finds that in contrast to the 23 land deals covering approximately 273.9 acres in FY-23, FY-24 witnessed 29 land deals for approx. 314 acres.

 

“About 26 separate land deals, totaling approx. 298 acres, were proposed for residential and township projects to meet the region’s growing demand for housing and urban development,” says Santhosh Kumar, Vice Chairman – ANAROCK Group. “At least two land deals, spanning over 7 acres each, were planned specifically for commercial real estate projects. A separate deal involving approximately 8.61 acres was dedicated to an education-related project.”

 

City-Specific Deals:

  • Delhi: One deal covering 5 acres was closed for residential development.
  • Gurugram: Millennium City led the way with 22 deals, totaling 208.22 acres. These included one deal each for educational, residential, and retail purposes, while the remaining 20 deals were exclusively for residential development.
  • Faridabad: A 15-acre land deal was finalized for residential purposes.
  • Greater Noida: An 8.9-acre deal was secured for residential development.
  • Ghaziabad: A substantial 62.5-acre deal was signed for a township project.
  • Noida: Noida closed three separate deals, covering a combined area of 13.96 acres, for both residential and commercial developments.

 

Deal in Quarter, 2000-21

Buyer

City

Locality

Approx. Size (acres)

Proposed Development

Q2-2023

Ganga Realty

Gurgaon

Sector 84

8.35

Residential & Retail

Q2-2023

Conscient Infrastructure

Gurgaon

Sector 80

6.6

Residential

Q3-2023

Experion Developers

Gurgaon

Golf Course Road

4

Residential

Q3-2023

Experion Developers

Noida

Sector 145

5

Residential

Q3-2023

Experion Developers

Gurgaon

Sector 48

5.5

Residential

Q3-2023

Experion Developers

Gurgaon

Golf Course Ext Road

4.5

Commercial

Q3-2023

Godrej Properties

Gurgaon

Golf Course Road

7.91

Residential

Q3-2023

Eldeco Group

Gurgaon

Sector-80

8.5

Residential

Q3-2023

Godrej Properties

Gurgaon

Sector-103

14.8

Residential

Q3-2023

Adore Group

Gurgaon

Sector – 77

10.2

Residential

Q4-2023

Eldeco Group

Greater Noida

Greater Noida West

8.9

Residential

Q4-2023

Experion Developers

Gurgaon

Sector-53

6

Residential

Q4-2023

TREVOC

Gurgaon

Sector-56

2

Residential

Q4-2023

Signature Global

Gurgaon

Village Fazilpur

25.75

Residential

Q4-2023

Adore Group

Faridabad

Sector -84

15

Residential

Q4-2023

Oberoi Realty

Gurgaon

Sector-58

14.8

Residential

Q4-2023

BPTP

Gurgaon

Sector-113, Dwarka Expressway

5.24

Residential

Q1-2024

Gulshan Homz

Noida

Sector 129

2.5

Commercial

Q1-2024

DLF Homes Developers

Gurgaon

Golf Course Ext Road

29

Residential

Q1-2024

Deepinder Goyal (individual)

Delhi

Dera Mandi

5

Residential

Q1-2024

Eldeco Group

Gurgaon

Sector – 80

2.7

Residential

Q1-2024

Trehan IRIS

Gurgaon

Sector-80

5.08

Residential

Q1-2024

Conscient Infrastructure

Gurgaon

Sector-80

5.56

Residential

Q1-2024

Ashiana Housing

Gurgaon

Sector-80

10.8

Residential

Q1-2024

TREVOC GROUP

Gurgaon

Golf course Road

2

Residential

Q1-2024

Godrej Properties

Noida

Sector 44

6.46

Residential

Q1-2024

Prestige Group

Ghaziabad

Indirapuram Extension

62.5

Township Project

Q1-2024

Gameskraft Technologies Private Limited

Gurgaon

Balola village

8.61

Educational

Q1-2024

Signature Global

Gurgaon

SPR

20.32

Residential

 

Source: ANAROCK Research

 

Pavita Jones