Curation Team
NEW DELHI: India’s land market witnessed a record-breaking surge in activity during the first half of 2025, with nearly 2,900 acres changing hands in 76 separate deals — surpassing the total volume recorded for the entire 2024, which saw 133 deals for 2,515 acres. According to a new report by Anarock, the land deals transacted in H1 2025 alone are valued at ₹30,885 crore, with an estimated revenue potential of ₹1.47 lakh crore and a cumulative development capacity of over 233 million sq. ft.
Among India’s top seven cities, the Mumbai Metropolitan Region (MMR) led with 24 land deals for over 433 acres, followed by Bengaluru with 15 deals for 182 acres and Pune with 13 deals spanning more than 214 acres. Notably, Tier 2 and 3 cities are emerging as serious contenders, accounting for 1,907+ acres in just nine deals—underscoring a shift in the geographic contours of Indian real estate activity.
Residential projects drive land demand
Of the total land transacted, 54 deals—spanning over 1,200 acres—are earmarked for residential developments including apartments, villas, townships, and plotted layouts. Meanwhile, eight deals (48.4 acres) are intended for commercial projects, six (1,034 acres) for mixed-use development, and three large deals (537 acres) for industrial and logistics parks. The growing diversity of use-cases also includes allocations for a data centre (2.4 acres) and a semiconductor equipment manufacturing facility (25 acres).
“Between 2021 and H1 2025, over 11,858 acres have been transacted in 423 deals across the country for various developments. The scale and sophistication of these deals, which account for a combined development potential of 841 Mn sq. ft., underscore the real estate market’s maturation – and the strategic importance of land as a cornerstone resource,” said Mayank Saksena, MD & CEO – Land Services, Anarock Group.
| Top Land Deals in H1 2025 across cities | ||||
| Buyer | City | Approx. Size (in Acres) | Approx. Deal Value | Proposed Development |
| Godrej Properties | Indore | 24 | 120 | Plotted Development |
| Max Estate | Noida | 10.33 | 711 | Mixed Use |
| M3M Group | Noida | 5.82 | 400 | Commercial |
| Arvind Smartspaces | Ahmedabad | 440 | JDA | Industrial & Logistic Park |
| Panasonic Life | Mumbai | 1.63 | 160 | Commercial |
| EcoBox Industrial Parks | Chennai | 50 | 400 | Industrial & Logistic Park |
| Arvind Smartspace | Ahmedabad | 150 | 180 | Plotted Development |
| Brigade Group | Bengaluru | 4.4 | 220 | Residential |
| Krisala Group | Pune | 105 | JDA | Township Project |
| Lam Research | Bengaluru | 25 | 1,125 | Semiconductor Equipment Manufacturing |
| Consortium of Schloss Bangalore, Arliga Ecospace Business Parks, and Schloss Chankya | Mumbai | 8.31 | 1,302 | Commercial |
| Macrotech Developers (Lodha) | Pune | 5 | JDA | Residential |
| NTT Global Data Centers | Mumbai | 2.39 | 855 | Data Centre |
| Omaxe | Amritsar | 260 | 1,000 | Township |
| Prestige Group & Arihant Group | Chennai | 3.48 | 361 | Residential |
Source: Anarock Research
Tier II/III cities gaining ground
Interestingly, smaller cities like Ahmedabad, Mysuru, Panipat, Amritsar, Coimbatore, and Indore featured prominently in the top land deals of H1 2025. This decentralisation of land investment away from India’s core metros hints at a maturing market and a more geographically distributed economic development.
Between 2021 and 2024, the NCR region led in terms of deal count (92) and cumulative value (~₹26,100 crore), while MMR accounted for the single largest land deal—worth ₹5,200 crore—and the highest total land area (1,745 acres). Hyderabad also saw one of the largest transactions of 600 acres in this period.
The report also highlighted the growing prevalence of joint development agreements (JDAs), which saw a 150% year-on-year increase in 2024, underscoring the industry’s pivot towards collaborative models that optimize capital and manage risk more efficiently.
