Indian real estate developers acquire 2,989 acres of land in FY 2023-24, a 58% increase from FY 2022-23.

Large Indian real estate developers continue to acquire land, driven by the residential sector; in FY 2023-24, 101 separate land deals totaling 2,989 acres were completed across the country, a 58% increase from 88 deals and 1,886 acres in FY 2022-23. Anarock reports that commercial, retail, industrial, logistics, and warehousing sectors also contribute to prime land deals in key locations.

April 21, 2024
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