Mumbai (Maharashtra) [India], The residential segment is driving the Indian real estate market, which is also reflected in the land deals it generates. Amidst all-time high residential demand, many large and listed developers and other entities continued to buy land, with major land deals underway across residential, commercial, retail, industrial, logistics and warehousing across prime locations across India, according to real estate advisory. Have been. Anarock Anarock data indicates that various developers and entities have sealed around 101 separate land deals in the financial year 2023-24, aggregating to around 2,989 acres across the country. In contrast, 88 land deals for about 1,886 acres were closed in various cities in FY 2022-2. Interestingly, out of the total land deals in FY-24, more than 83 deals for around 1,135 acres were closed in the top 7 cities alone.,” says Anuj Puri, Chairman, ANAROCK Group. "The remaining 18 deals, for over 1,853 acres, were sealed in various tier 2 and 3 cities like Ahmedabad, Ayodhya, Jaipur, Nagpur, Mysore, Ludhiana and Surat. Tier 2 and 3 cities are once again the undoubted growth engines. have emerged as, thanks to their rapidly improving infrastructure and development opportunities. In terms of total land area, among the top 7 cities, NCR leads with 29 deals for 313 acres, followed by Greater Mumbai region with 19 deals for about 157 acres Bengaluru has 14 deals for 490 acres – the highest among all the top 7 cities The number of deals has increased significantly in 2023-24 – 1,886+ in 2022-23 The deal increased from 88 deals per acre to about 101 deals for 2,989+ acres.In the current financial year, in terms of total area, about 58 per cent more land has been purchased in 2023-24 compared to 2022-23, at 4.93 lakh units, with residential sales in the top 7 cities hitting a new peak in 2023. 24 “In particular, large and listed developers have seen a lot of sales, and I think it is appropriate for them to buy land in key urban micro markets; as a result, there were some very prominent land deals in the last financial year,” Puri. he said. According to Anarock, developers who bought land parcels for various developments in 2023-2 include Godrej Properties, Eldeco Group, Adani Realty, Signature Global, Oberlo Realty, DLF India, Prestige Group, K Raheja Corp and Brigade Group, among others. Are.