and get access to exclusive content
Explore Aurum kuberx Click here to explore
India's real estate sector witnessed a transformative year in 2024, with 133 land deals covering over 2,515 acres finalized across the country. Leading this surge was the Mumbai Metropolitan Region (MMR), which reported 30 land deals totaling 607 acres, according to a report by ANAROCK, a prominent real estate consultancy.
MMR’s dominance was underscored by some significant transactions. Among the most notable were:
While Mumbai led in total acreage, other major cities also demonstrated robust activity:
In tier-2 and tier-3 cities, Surat and Nagpur stood out:
Other active cities included Ahmedabad, which completed three land deals totaling 44 acres.
The combined land transactions in 2023 and 2024 amounted to 230 deals, covering over 5,222 acres. The upward trend was driven by strong Pan-India residential sales momentum, with 77% of the acquired land in 2024 earmarked for residential projects. In 2023 alone, 97 land deals covering 2,707+ acres were finalized.
According to Anuj Puri, Chairman of ANAROCK Group, the surge in land transactions can be attributed to:
These factors have reinforced the Indian real estate market, setting the stage for sustained growth.
News, Infographics, Blogs & More! Delivered to your inbox.