The first half of 2025 has witnessed an unprecedented boom in India’s real estate market, with nearly 2,900 acres of land transacted across the country. This volume surpasses the entire land transaction volume of 2024, marking a significant milestone in the post-pandemic real estate landscape. The latest ANAROCK report titled ‘Land as Capital: Decoding India’s Land Transaction Patterns and Investment Flows’ highlights this remarkable growth, driven by robust demand across residential, commercial, industrial, logistics, and warehousing sectors.
Record Land Transactions in H1 2025
In the first six months of 2025, a total of 2,898 acres of land was transacted in 76 deals. This figure represents a 1.15x increase over the total volume seen in 2024, which recorded 133 deals for 2,515 acres. The total value of these transactions reached INR 30,885 crore, with a potential revenue generation of approximately INR 1.47 lakh crore and a development potential exceeding 233 million square feet.
| Land Deals in Tier 1 Cities in H1 2025 | Land Area (Acres) | No. of Deals |
|---|---|---|
| Bengaluru | 182 | 15 |
| Chennai | 63 | 4 |
| NCR | 98.97 | 11 |
| MMR | 433 | 24 |
| Pune | 214 | 13 |
| Total | 990.97 | 67 |
Key Drivers of Land Transactions
- Residential developments accounted for at least 54 deals covering over 1,200 acres.
- Commercial projects saw approximately 48.41 acres across 8 deals.
- Mixed-use developments comprised 6 deals for approximately 1,034 acres.
- Industrial and logistics parks spanned over 537 acres across 3 deals.
“The post-pandemic years from 2021 onwards have seen a relentless spate of land deals,” says Mayank Saksena, MD & CEO – Land Services, ANAROCK Group. “The scale and sophistication of these deals underscore the real estate market’s maturation – and the strategic importance of land as a cornerstone resource.”
Emerging Trends in Tier II and III Cities
The report also highlights significant contributions from tier II and III cities like Ahmedabad, Amritsar, Coimbatore, Indore, Mysore, and Panipat. These cities accounted for 9 deals covering over 1,907 acres, indicating a shift in the real estate focus from traditional metro-centric models to a more decentralized approach.
| Land Deals in Tier 2 & 3 Cities | Land Area (Acres) | No. of Deals |
|---|---|---|
| Ahmedabad | 590 | 2 |
| Amritsar | 520 | 2 |
| Coimbatore | 714 | 1 |
| Indore | 24 | 1 |
| Mysore | 16.42 | 2 |
| Panipat | 43 | 1 |
| Total | 1907.42 | 9 |
“The emergence of tier II/III cities as significant contributors to the national land transaction ecosystem is noteworthy,” adds Saksena. “These markets now represent an inalienable component of the Indian real estate growth horizon.”
Q1: What are the major developments proposed in the H1 2025 land deals?
A: The major developments proposed include residential projects, commercial spaces, industrial & logistics parks, and mixed-use developments.
Q2: Which cities recorded the highest land transactions in H1 2025?
A: MMR recorded the highest transactions with 24 deals for over 433 acres, followed by Bengaluru, Pune, NCR, and Chennai.
Q3: What is the significance of tier II and III cities in the current real estate market?
A: Tier II and III cities have emerged as crucial contributors, challenging the traditional metro-centric model and offering a more balanced geographic distribution of economic opportunities.
Q4: Who are some of the top developers involved in these land transactions?
A: Top developers include Godrej Properties, Puravankara Limited, Signature Global, M3M Group, Brigade Group, and others.
Q5: What trends are observed in land transaction methods?
A: There is a growing trend of Joint Development Agreements (JDAs), indicating a shift towards collaborative risk management and capital optimization in the industry.
In conclusion, the first half of 2025 has marked a significant milestone in India’s real estate sector, with nearly 2,900 acres of land transacted, surpassing the entire volume of 2024. This growth underscores the strategic importance of land as a critical resource driving the country’s real estate boom, with substantial contributions from both metro and emerging tier II/III cities.