Land deals up 3.5 times in top 8 cities: Report

The top eight cities closed at least 68 separate land deals, accounting for 1,656 acres in the first nine months of 2022. In the corresponding period last year, just 20 land deals for 925 acres were closed across these cities, according to a new ANAROCK research report.

Mumbai: The top eight cities closed at least 68 separate land deals, accounting for 1,656 acres in the first nine months of 2022. In the corresponding period last year, just 20 land deals for 925 acres were closed across these cities, according to a new ANAROCK research report.

The Mumbai Metropolitan Region (MMR) saw the highest number of transactions, cumulatively accounting for just 199 acres, earmarked for residential and logistics developments.

"In terms of the total number of land deals, MMR clocked the highest number.

While the total area transacted was unspectacular, one must also consider the steep prices in this land-starved city," said Santhosh Kumar, vice chairman of ANAROCK Group. However, in terms of land area transacted, Hyderabad has seen the biggest land transactions so far this year," he added. Hyderabad recorded seven deals for 769 acres, accounting for over 46% of the total land transacted between Jan-Sept.

This story is from the November 21, 2022 edition of The Times of India Mumbai.

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This story is from the November 21, 2022 edition of The Times of India Mumbai.

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