Land Deal Volume in India Surges by 47% in 2024: CBRE
CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, has reported a sharp 47% year-on-year increase in land deal volumes in 2024, surpassing 2,000 acres across eight major cities. The findings, part of its report Market Monitor Q4 2025 - Investments, reveal that nearly 135 land deals were closed during the year, up from 90 in 2023.
Delhi-NCR led the market with around 40 land deals, with Gurugram accounting for over 60% and Noida/Greater Noida contributing around 25%. This surge highlights the region’s appeal for residential and warehousing developments. Bengaluru followed with close to 30 transactions, while Mumbai and Chennai recorded approximately 25 and 15 deals, respectively. The uptick across cities reflects growing demand for residential projects, robust economic performance, and supportive government policies.
Residential assets dominated, contributing over 60% of total volume (~1,190 acres) and recording a 70% rise from 2023. Data centers accounted for 10% (~200 acres), underscoring strong investor interest, while industrial and logistics assets made up over 5% (~580 acres) due to increasing demand for warehousing and manufacturing spaces. Other segments, including mixed-use developments and hospitals, comprised 15%, showcasing diversification in asset preferences. Retail and office assets each contributed about 5%, driven by evolving market dynamics and demand for modern workspaces.
Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, “The significant growth in land deals across diverse asset classes highlights strong investor confidence in India's real estate market. The residential segment is booming due to rising urbanization, favourable policies, and increased affordability. Simultaneously, the growth in data centers and office spaces underscores India's role as a hub for digital and corporate infrastructure. This momentum positions India as a leading market for real estate investments in 2024.”
Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India, added, “The investor interest across traditional and emerging segments like data centers and logistics is a testament to India’s potential as a strategic investment destination. Robust demand, coupled with innovative developments and policy support, continues to attract strong domestic and international investments. We anticipate this trajectory to strengthen further, cementing India’s position as a resilient and growth-driven real estate market.”
