New Delhi : Buying property in India has become very difficult at present, but still the real estate sector seems to be growing rapidly. According to the data, it has been found that there has been a huge increase in the number of land deals between January and September this year. During this period, more than 100 deals involving a total of 1,700 acres of land have been signed.
According to the report of real estate consultant CBRE, around 60 land deals were done in the same period of 2023 calendar year, whose total area was around 1,200 acres. According to CBRE, the number of land deals in India has increased by 65 percent year-on-year to about 1,700 acres in January-September, 2024. Land deals have been dominated by 6 major Indian cities Delhi-NCR, Mumbai, Chennai, Hyderabad, Bengaluru, Pune.
Indian real estate market
Anshuman Magazine, Chairman and CEO of CBRE India, South-East Asia, West Asia and Africa, said the increased activity in land deals across various asset classes reflects the strong investor sentiment and emerging mobility of the Indian real estate market. Is.”
Increase in long term capacity
He said that as we are seeing strong growth in established sectors including residential and office space and emerging categories like data centres, it shows that investors are becoming confident about the long-term potential of India's real estate sector.
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Increase in land deals
The magazine said this optimism positions India as a strategic market for real estate investment. Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India, said that the significant increase in land deals this year reflects the strong confidence of local and international investors in India's real estate potential.
favorable environment prepared
“Strong demand across markets and favorable economic conditions have created a favorable environment for growth,” Kumar said. “We expect this momentum to continue, driven by strategic investments that underpin market stability and long-term growth opportunities.”
(with agency input)
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