The real estate industry in the Delhi-NCR area saw a remarkable rise in land deals during the fiscal year 2024, showing that the market is going well. Data by Anarock show that 29 land deals were closed, occupying around 314 acres in total over IQ.
The introduction of government regulations like RERA in Delhi, which occurred in the city’s Dera Mandi area, bolstered its ideal land parcel units and led to the growth of ₹79 crore.
Zomato, the co-founders of Crop and the CEO, paid for 5 acres. As well as Goyal, prominent real estate developers, such as GDPL Properties, Experion Developers, DLF Homes, and Prestige Group, were among the others from the Delhi-NCR region.
In Gurugram, 22 deals relating to 208.22 land acres were made, of which residential, educational, and retail purposes were included. Moreover, 15 acres of land were also acquired in Faridabad for residential purposes, with huge amenities on the site.
Significant transactions in Gurugram comprised Ganga Realty’s 8.35-acre piece of land on Sector 84 on purchase at the value of ₹132 crores and Experion Developers’ purchase at the cost of about ₹400 crores of property of 4-acre segment in Golf Course Road. This was apart from the many others’ acquisitions by
On the whole, land deals spike for several different reasons, such as housing and urban development. The increasing demand in the real estate sector is increasingly expected to be the key factor accounting for the area’s dynamics in economy and investment.
