NCR Saw 29 Land Deals for Approx. 314 Acres Closed in FY-24

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New Delhi, 24 April 2024: Delhi-NCR continues to be a hotspot for real estate transactions across various sectors and as in the previous financial year, land deals have been a significant part of real estate development. ANAROCK data finds that in contrast to the 23 land deals covering approximately 273.9 acres in FY-23, FY-24 witnessed 29 land deals for approx. 314 acres.

“About 26 separate land deals, totaling approx. 298 acres, were proposed for residential and township projects to meet the region’s growing demand for housing and urban development,” says Santhosh Kumar, Vice Chairman – ANAROCK Group. “At least two land deals, spanning over 7 acres each, were planned specifically for commercial real estate projects. A separate deal involving approximately 8.61 acres was dedicated to an education-related project.”

City-Specific Deals:

  • Delhi: One deal covering 5 acres was closed for residential development.
  • Gurugram: Millennium City led the way with 22 deals, totaling 208.22 acres. These included one deal each for educational, residential, and retail purposes, while the remaining 20 deals were exclusively for residential development.
  • Faridabad: A 15-acre land deal was finalized for residential purposes.
  • Greater Noida: An 8.9-acre deal was secured for residential development.
  • Ghaziabad: A substantial 62.5-acre deal was signed for a township project.
  • Noida: Noida closed three separate deals, covering a combined area of 13.96 acres, for both residential and commercial developments.
Deal in Quarter, 2000-21 Buyer City Locality Approx. Size (acres) Proposed Development
Q2-2023 Ganga Realty Gurgaon Sector 84 8.35 Residential & Retail
Q2-2023 Conscient Infrastructure Gurgaon Sector 80 6.6 Residential
Q3-2023 Experion Developers Gurgaon Golf Course Road 4 Residential
Q3-2023 Experion Developers Noida Sector 145 5 Residential
Q3-2023 Experion Developers Gurgaon Sector 48 5.5 Residential
Q3-2023 Experion Developers Gurgaon Golf Course Ext Road 4.5 Commercial
Q3-2023 Godrej Properties Gurgaon Golf Course Road 7.91 Residential
Q3-2023 Eldeco Group Gurgaon Sector-80 8.5 Residential
Q3-2023 Godrej Properties Gurgaon Sector-103 14.8 Residential
Q3-2023 Adore Group Gurgaon Sector – 77 10.2 Residential
Q4-2023 Eldeco Group Greater Noida Greater Noida West 8.9 Residential
Q4-2023 Experion Developers Gurgaon Sector-53 6 Residential
Q4-2023 TREVOC Gurgaon Sector-56 2 Residential
Q4-2023 Signature Global Gurgaon Village Fazilpur 25.75 Residential
Q4-2023 Adore Group Faridabad Sector -84 15 Residential
Q4-2023 Oberoi Realty Gurgaon Sector-58 14.8 Residential
Q4-2023 BPTP Gurgaon Sector-113, Dwarka Expressway 5.24 Residential
Q1-2024 Gulshan Homz Noida Sector 129 2.5 Commercial
Q1-2024 DLF Homes Developers Gurgaon Golf Course Ext Road 29 Residential
Q1-2024 Deepinder Goyal (individual) Delhi Dera Mandi 5 Residential
Q1-2024 Eldeco Group Gurgaon Sector – 80 2.7 Residential
Q1-2024 Trehan IRIS Gurgaon Sector-80 5.08 Residential
Q1-2024 Conscient Infrastructure Gurgaon Sector-80 5.56 Residential
Q1-2024 Ashiana Housing Gurgaon Sector-80 10.8 Residential
Q1-2024 TREVOC GROUP Gurgaon Golf course Road 2 Residential
Q1-2024 Godrej Properties Noida Sector 44 6.46 Residential
Q1-2024 Prestige Group Ghaziabad Indirapuram Extension 62.5 Township Project
Q1-2024 Gameskraft Technologies Private Limited Gurgaon Balola village 8.61 Educational
Q1-2024 Signature Global Gurgaon SPR 20.32 Residential